Listing ID6266410
Sold For$1,600,000
StatusClosed
Sold Date12/07/2021
CountyMaricopa
Year Built1961
Property TypeMultiple Dwellings
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One Large 3BR & 2BA unit and five 2BR & 2BA units. All units have private storage rooms & there is a 2 car garage for additional revenue. All 2BR rents are currently below market at $1100-$1165. 2 BR Market rents are $1,250-$1350 Buyer to verify all facts and figures.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1961
Zoning
R-3
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
912
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1092
Cooling
Individual, Heat Pump, Ceiling Fan(s)
Cooling
yes
Heating
Individual, Heat Pump
Heating
yes
Community Features
Barbecue, No Pool
Country
US
Directions
11 Ave and Camelback Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.
Elementary School District
Osborn Elementary District
General Property Description Elementary School District2
Osborn Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
6
Electric
APS, Individual Meter
Garage
yes
General Property Description # of Buildings
3
General Property Description Lot Size Dimensions
irr
General Property Description Total # of Units
6
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
irr
Number Of Buildings
3
Number Of Units Total
6
Open Parking Spaces
2
Parking Assigned
1
Parking Carport
1
Parking Features
Paved Parking, Free, Assigned, Auto Door Opener, Street Parking, Common
Parking Free
1
Parking Garage
1
Parking Total
8
Road Surface Type
Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
Roof
Composition
Sewer
Sewer-In & Connected, Public Sewer
Mls Status
Closed
2 Bedroom Units Avg Rent
1151
3 Bedrooms Units Avg Rent
1695
Cap Rate
3.91
Disclosures
Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
Gross Income
88163.3
Gross Scheduled Income
90240
Insurance Expense
3165
Listing Terms
No Carry, Conventional
Maintenance Expense
3978
Net Operating Income
66544
Operating Expense
21709
Other Expense
1200
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
7055
Tax Annual Amount
2767
Tax Book Number
155.00
Tax Lot
a
Tax Year
2021
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
3544
Contact - Listing ID 6266410
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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