Listing ID6241290
Sold For$698,000
StatusClosed
Sold Date7/15/2021
CountyMaricopa
SubdivisionOAKLAND
Year Built1962
Property TypeMultiple Dwellings
Sold! $698,000 to a 1031/cash buyer on 7/15/2021. 4 unit in the sought after Oakland Historic District near State of AZ government buildings in heart of Downtown Phoenix. Cosmetically upgraded & stabilized. 6 CAP +/- with close to $5,000/month of rental/additional income! 100% occupied, excellent tenants. Well-managed/operated by local owner. Perfect handoff to new owner. Two duplex buildings on a 8700 SF lot. Front building is 1227 SF (two 1/1's @ 614 SF), built in 1958. Rear building is 1431 SF (one 1/1 @ 614 SF w/ 2/1 @ 817 SF), built in 1962. Upgraded in all of the right places. Tenant paid electric. Owner paid w/s/t. Rents, w/s, yard #'s actual. Other expenses approximate.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
OAKLAND
Year Built
1962
Zoning
R-5
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
614
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
817
Cooling
yes
Flooring
Ceramic Tile
Community Features
No Pool
Country
US
Directions
19th & Van Buren, just south of the I-10. 19th Ave south to Fillmore. Take Fillmore east to 17th Drive. South 1 block.
Elementary School District
Phoenix Elementary District
General Property Description Elementary School District2
Phoenix 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
1N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Block
Electric
APS, Individual Meter
General Property Description # of Buildings
2
General Property Description Flood Zone
Yes
General Property Description Lot Size Dimensions
8700 SF
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
8700 SF
Number Of Buildings
2
Number Of Units Total
4
Open Parking Spaces
2
Parking Features
Other (See Remarks), Add'l Parking Avail, Street Parking
Parking Total
2
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.40
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
6
1 Bedroom Units Avg Rent
1137
2 Bedroom Units Avg Rent
1432
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Listing Terms
Other (See Remarks), Conventional, 1031 Exchange, Owner May Carry
Operating Expense
1137
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
1137
Tax Block
8
Tax Book Number
111.00
Tax Lot
13
Tax Year
2020
Tenant Pays
Electricity, Cable TV
Contact - Listing ID 6241290
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker