Listing ID6252477
Sold For$275,000
StatusClosed
Sold Date9/15/2021
CountyMaricopa
SubdivisionGRIER PLACE
Year Built1938
Property TypeMultiple Dwellings
Property has 3 units, all have been beautifully updated, from the plumbing & electrical to roof excellent mix of 3bed, 1 bed & studio apartment. Excellent tenants in place that would like to stay.
Rents are as follows:
3 bed/1 bath $950/Month
1 bedroom/ 1 bath - $600/ month
Studio Apt/ 1 bath $450/Month
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
GRIER PLACE
Year Built
1938
Zoning
r-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
350
3 Bedrooms Units # Baths
1
3 Bedrooms Units Avg SqFt
500
Cooling
Central A/C
Cooling
yes
Efficiency Units # Baths
3
Efficiency Units # Efficiency Units
3
Efficiency Units Avg SqFt
1195
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
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
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Metal, Frame - Wood
Electric
APS
General Property Description # of Buildings
2
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
8266
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
8266
Number Of Buildings
2
Number Of Units Total
3
Open Parking Spaces
4
Parking Features
Free
Parking Free
1
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
7
1 Bedroom Units Avg Rent
1050
3 Bedrooms Units Avg Rent
950
Cap Rate
8.29
Disclosures
Seller Prop Disc Stm
Efficiency Units Avg Rent
2000
Gross Income
22800
Gross Scheduled Income
24000
Listing Terms
Conventional
Net Operating Income
22800
Operating Expense
468
Owner Pays
None
Tax Annual Amount
468
Tax Block
1
Tax Book Number
112.00
Tax Lot
3
Tax Year
2020
Tenant Pays
Gas, Electricity, Water, Cable TV
Contact - Listing ID 6252477
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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