Listing ID6266190
Sold For$350,000
StatusClosed
Sold Date1/18/2022
CountyMaricopa
SubdivisionINCOME ACRES
Year Built1955
Property TypeMultiple Dwellings
Do not Disturb Tenants. This is in the Opportunity Zone. Here is the chance to own in the Melrose District. This is a Value ADD, FIX-UP Property. The DUPLEX has been torn down w/permits. . No interior viewings until we have an accepted contract. See Document Tab for Rent Roll and other information Buyer to verify all fact and figures.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
INCOME ACRES
Year Built
1955
Zoning
M-M, R-3
1 Bedroom Units # Baths
2
1 Bedroom Units Avg SqFt
562
Cooling
Central A/C
Cooling
yes
Heating
Electric
Heating
yes
Community Features
Other, No Pool
Country
US
Directions
From 7th Ave and Camelback-go south on 7th Avenue to Campbell and turn west. Turn Right on Hazelwood and property is on the north side
Elementary School
Solano School
Elementary School District
Osborn Elementary District
General Property Description Elementary School
Solano School
General Property Description Elementary School District2
Osborn 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
Osborn Middle School
High School
Central High School
High School District
Phoenix Union High School District
Middle Or Junior School
Osborn Middle School
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
0x0
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
6
Lot Size Dimensions
0x0
Number Of Buildings
1
Number Of Units Total
3
Open Parking Spaces
6
Parking Features
Free, Add'l Parking Avail, >1 Space Per Unit
Parking Free
1
Parking Total
6
Road Surface Type
Asphalt, Curb(s) & Gutter(s)
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
19
1 Bedroom Units Avg Rent
900
Cap Rate
1.62
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm, Sch of Personal Prop
Gardener Expense
600
Gross Income
9900
Gross Scheduled Income
9900
Insurance Expense
1260
Listing Terms
No Carry, Conventional, FHA, VA Loan
Maintenance Expense
200
Net Operating Income
6240
Operating Expense
3532
Owner Pays
Landscaping
Tax Annual Amount
1072
Tax Book Number
155.00
Tax Year
2021
Tenant Pays
Trash Collection, Electricity, Water, Cable TV
Water Sewer Expense
400
Contact - Listing ID 6266190
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker