Listing ID6259828
Sold For$575,000
StatusClosed
Sold Date8/12/2021
CountyMaricopa
SubdivisionKENSINGTON PLACE
Year Built1980
Property TypeMultiple Dwellings
Fourplex For Sale. 100% occupied. All tenants current in rent. Professionally managed with good leases in place. All 2 bed/1 bath units. Tile flooring in all units. 1980s built, frame-wood construction. Easy maintenance with desert landscaping. All electric and individually metered, no gas. Master-metered for water. Great downtown location. Buyer to verify all facts and figures.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
KENSINGTON PLACE
Year Built
1980
Zoning
R5
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
650
Cooling
Central A/C, Electric
Cooling
yes
Heating
Central, 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, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
134X50
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
5
Lot Size Dimensions
134X50
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
5
Parking Features
Paved Parking, Free, 1 Space/Unit, Street Parking
Parking Free
1
Parking Total
5
Road Surface Type
Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.25
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
6
2 Bedroom Units Avg Rent
837
Cap Rate
4.32
Disclosures
Seller Prop Disc Stm, APOD/Backup Avaible
Gross Income
39386.85
Gross Scheduled Income
40176
Insurance Expense
900
Listing Terms
No Carry, Conventional, VA Loan
Maintenance Expense
5018
Net Operating Income
24855
Operating Expense
14746
Other Expense
1602
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
3960
Tax Annual Amount
1031
Tax Block
2
Tax Book Number
111.00
Tax Lot
18
Tax Year
2020
Tenant Pays
Electricity, Cable TV
Trash Expense
745
Water Sewer Expense
1490
Contact - Listing ID 6259828
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
