Listing ID6219809
Sold For$975,000
StatusClosed
Sold Date8/24/2021
CountyMaricopa
SubdivisionROWLETT PLACE 2
Year Built1985
Property TypeMultiple Dwellings
Obtain a 6 unit property that has been redone. Large Storage rooms for additional Income along w/Owner Owned Coin-Op Laundry. The ample parking lot has been recoated w/new striping. The Exterior newly painted w/MODERN paint. The interior has been painted along w/ 4 inch baseboards and all outlets have been replaced. New tenants being placed now at $895 per door. There is a Gazebo with a new Picnic area for the Tenants. All Exterior Doors have been refinished. New Thresholds in every unit. Solar Security Lighting has been added as well as Exterior Security Doors. New Doors on all of the Water Heater Closets. ALL new sunscreens added. The interior have all new laminate wood grain flooring with padding. New ceiling fan and much more-see the document tab-Buyer to verify all facts & figures
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
ROWLETT PLACE 2
Year Built
1985
Zoning
MFAM
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
600
Cooling
Individual, Heat Pump, Ceiling Fan(s)
Cooling
yes
Heating
Individual, Heat Pump
Heating
yes
Community Features
Barbecue, No Pool
Country
US
Directions
Turn south onto 23 Ave to Coolidge. Turn Right at Coolidge and property is on the south side of the street.
Elementary School District
Alhambra Elementary District
General Property Description Elementary School District2
Alhambra Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Township
2N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Block, Frame - Wood
Electric
APS, Individual Meter
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
irr
General Property Description Total # of Units
6
General Property Description Uncvrd Parking Spcs
10.5
Lot Size Dimensions
irr
Number Of Buildings
2
Number Of Units Total
6
Open Parking Spaces
10.5
Parking Assigned
1
Parking Features
Paved Parking, Free, Assigned, >1 Space Per Unit
Parking Free
1
Parking Total
10
Road Surface Type
Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
2E
Public Survey Section
24
1 Bedroom Units Avg Rent
895
Cap Rate
5.22
Disclosures
Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
Gross Income
70228
Gross Scheduled Income
64800
Insurance Expense
2310
Listing Terms
No Carry, Conventional
Maintenance Expense
705
Net Operating Income
52099
Operating Expense
18358
Other Expense
705
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
5636
Tax Annual Amount
1956
Tax Book Number
154.00
Tax Lot
36
Tax Year
2020
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
7046
Contact - Listing ID 6219809
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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