Listing ID6233911
Sold For$575,000
StatusClosed
Sold Date3/18/2022
CountyMaricopa
SubdivisionSUGAR ADD BLKS 1-6, 13, 14
Year Built1920
Property TypeMultiple Dwellings
PROPERTY UNDER PROBATE. Owner passed away, new family owner will be selling property when probate documents are recorded; hopefully by end of this month.
NEW PRICE IS $599,000.. All units are long term/month to month tenants, ALL units are totally updated with SS appliances, granite counters, in unit washer/dryer outlets, newer HVACs, new cabinets W/soft closing doors, units 2 and 3 have private auto opening gate entries, and much more. REAL INCOME/EXPENSES SHOWN, HIGHEST REAL CAP RATE AVAILABLE ON THE MLS, Nothing to do but deposit your profits.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
SUGAR ADD BLKS 1-6, 13, 14
Year Built
1920
Zoning
Multi
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
850
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
850
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1100
Cooling
Central A/C, Heat Pump, Ceiling Fan(s)
Cooling
yes
Heating
Heat Pump
Heating
yes
Community Features
No Pool
Country
US
Directions
South on 54th Drive to Property on your Right
Elementary School
Isaac E Imes School
Elementary School District
Glendale Elementary District
General Property Description Elementary School
Isaac E Imes School
General Property Description Elementary School District2
Glendale Elementary District
General Property Description High School
Glendale High School
General Property Description High School District
Glendale Union High School District
General Property Description Jr High School
Glendale Landmark Middle School
High School
Glendale High School
High School District
Glendale Union High School District
Middle Or Junior School
Glendale Landmark Middle School
Postal City
Glendale
Township
2N
Water Source
City Franchise, Individual Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Block, Frame - Wood
Covered Spaces
2
Electric
APS, Individual Meter
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
7000
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
6
Lot Size Dimensions
7000
Number Of Buildings
2
Number Of Units Total
3
Open Parking Spaces
6
Parking Carport
1
Parking Features
Other (See Remarks), >1 Space Per Unit, Street Parking, Common
Parking Total
8
Road Surface Type
Asphalt, Dedicated Street, Sidewalk(s), Alley
Roof
Composition, Rolled/Hot Mop
Sewer
Sewer-In & Connected, Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
2E
Public Survey Section
8
1 Bedroom Units Avg Rent
920
2 Bedroom Units Avg Rent
1020
3 Bedrooms Units Avg Rent
1300
Cap Rate
5.74
Disclosures
Seller Prop Disc Stm
Gross Income
38880
Gross Scheduled Income
38880
Insurance Expense
1095
Listing Terms
Conventional
Maintenance Expense
1265
Net Operating Income
34397
Operating Expense
5578
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
1318
Tax Block
4
Tax Book Number
146.00
Tax Lot
3
Tax Year
2020
Tenant Pays
Gas, Electricity, Cable TV
Water Sewer Expense
1900
Contact - Listing ID 6233911
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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