Listing ID6266098
Sold For$1,275,000
StatusClosed
Sold Date8/31/2021
CountyMaricopa
SubdivisionNORTH CHELSEA
Year Built1930
Property TypeMultiple Dwellings
Amazing four-plex on one of the best streets in one of the best neighborhoods in the city. Watch the video for a layout of this unique property. A duplex sits closest to the street. Here, 2 2-bedroom 1 bath units with hardwood floors, fireplaces and beautiful light/windows are just the beginning. A gate on the east side of the house leads to a central courtyard with a 50+ year old Ficus Nitida and wonderful lush landscape. 2 studios are on the second level. One with exposed beams and an artist's vibe - the other a decidedly more metropolitan feel. Both have patios and overlook the main courtyard. Beneath one is a community room, with kitchen, bath, laundry and living space. Beneath the other is a large storage area that could house a full laundry if the new owners wanted to lease... the community room for additional income. Current rents are month-to-month and the duplex's east unit is vacant to show buyers. Also listed in residential MLS# 6266119.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
NORTH CHELSEA
Year Built
1930
Zoning
R 1-6
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
827
Cooling
yes
Efficiency Units # Baths
1
Efficiency Units # Efficiency Units
2
Efficiency Units Avg SqFt
392
Flooring
Ceramic Tile, Wood
Heating
yes
Community Features
See Remarks, Clubhouse, No Pool
Country
US
Directions
McDowell Rd to 3rd Ave, then north to Granada and east to property.
Elementary School
Kenilworth Elementary School
Elementary School District
Phoenix Elementary District
General Property Description Elementary School
Kenilworth Elementary School
General Property Description Elementary School District2
Phoenix Elementary District
General Property Description High School
Central High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Phoenix Prep Academy
High School
Central High School
High School District
Phoenix Union High School District
Middle Or Junior School
Phoenix Prep Academy
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Brick
Covered Spaces
5
Electric
APS
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
65 x 129
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
65 x 129
Number Of Buildings
2
Number Of Units Total
4
Open Parking Spaces
2
Parking Carport
1
Parking Features
Paved Parking, Street Parking, Common
Parking Total
7
Road Surface Type
Concrete
Roof
See Remarks, Built-Up
Sewer
Sewer-In & Connected, Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
32
2 Bedroom Units Avg Rent
1200
Cap Rate
3.44
Current Financing
Not Applicable
Disclosures
None
Efficiency Units Avg Rent
850
Electric Expense
508.67
Fuel Expense
629.99
Gardener Expense
400
Gross Income
50400
Gross Scheduled Income
50400
Insurance Expense
684.33
Listing Terms
Conventional, FHA, VA Loan
Maintenance Expense
1500
Net Operating Income
43023.73
Operating Expense
10999.27
Other Expense
1465.92
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
3623
Tax Book Number
118.00
Tax Lot
8
Tax Year
2020
Tenant Pays
Gas, Electricity, Cable TV
Water Sewer Expense
2187.36
Contact - Listing ID 6266098
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker