Listing ID6258504
Sold For$999,000
StatusClosed
Sold Date12/10/2021
CountyMaricopa
SubdivisionORANGEDALE TERRACE
Year Built1955
Property TypeMultiple Dwellings
Amazing Triplex opportunity in a prime Phoenix location and quiet neighborhood surrounded by single family homes. *Madison School District* 2 units are 1 bed 1 bath and 1 unit is 2 bed 1 bath. .Newer air conditioning units on 2 of 3 units. Irrigated lush property. 4 covered parking spots and full washer dryer facility on the premises. One tenant is on a month to month lease giving you access for owner occupancy/ financing! the other two tenants have 6 months left on their lease.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
ORANGEDALE TERRACE
Year Built
1955
Zoning
R1-6
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
700
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
910
Cooling
Heat Pump, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Heat Pump, Electric
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Madison #1 Middle School
Elementary School District
Madison Elementary District
General Property Description Elementary School
Madison #1 Middle School
General Property Description Elementary School District2
Madison Elementary District
General Property Description High School
North High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Madison #1 Middle School
High School
North High School
High School District
Phoenix Union High School District
Middle Or Junior School
Madison #1 Middle School
Postal City
Phoenix
Township
2N
Water Source
Master Meter
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
4
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
9065
General Property Description Total # of Units
3
Lot Size Dimensions
9065
Number Of Buildings
1
Number Of Units Total
3
Parking Carport
1
Parking Features
Add'l Parking Avail, 1 Space/Unit, Common
Parking Total
4
Road Surface Type
Concrete
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
9
1 Bedroom Units Avg Rent
700
2 Bedroom Units Avg Rent
875
Cap Rate
1.7
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Gardener Expense
1200
Gross Income
17000
Gross Scheduled Income
17000
Insurance Expense
820
Listing Terms
Conventional, 1031 Exchange, Lease Purchase, Owner May Carry, VA Loan
Net Operating Income
17000
Operating Expense
5785
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
2205
Tax Book Number
161.00
Tax Lot
2
Tax Year
2020
Tenant Pays
Gas, Electricity, Cable TV
Water Sewer Expense
1560
Contact - Listing ID 6258504
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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