Listing ID6270106
Sold For$690,000
StatusClosed
Sold Date9/15/2021
CountyMaricopa
SubdivisionMUY FELICES CASAS LT 1-20 TR A-G
Year Built1984
Property TypeMultiple Dwellings
Investor's dream! This freshly renovated fourplex will not disappoint! Two units rented for $1250! Once the remodel is done with the other two units, seller will place qualified tenants there for $1250 as well. All four units went under a renovation that included; new modern interior, exterior paint & a complete new kitchen! White shaker cabinets, quartz countertops, modern backsplash & stainless steel appliances! Forget about replacing carpet, all units are tile! Units are very spacious with a fireplace on all four of them! Both downstairs units have their own backyard & upstairs units have vaulted ceilings and private balconies! In unit W/D hookups! Building is in a cul de sac next to the green belt area and community pool!
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MUY FELICES CASAS LT 1-20 TR A-G
Year Built
1984
Zoning
[M-H]
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
807
Cooling
See Remarks
Cooling
yes
Heating
Electric
Heating
yes
Community Features
Pool
Country
US
Elementary School District
Washington Elementary District
General Property Description Elementary School District2
Washington Elementary District
General Property Description High School District
Glendale Union High School District
High School District
Glendale Union High School District
Postal City
Phoenix
Township
3N
Water Source
Master Meter
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Covered Spaces
4
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
4053
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
4053
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Carport
1
Parking Features
Common
Parking Total
8
Road Surface Type
Asphalt
Roof
See Remarks
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
19
2 Bedroom Units Avg Rent
1250
Cap Rate
7
Disclosures
Other (See Remarks)
Gross Income
60000
Gross Scheduled Income
60000
Insurance Expense
2000
Listing Terms
Conventional, 1031 Exchange
Net Operating Income
48916
Operating Expense
12741
Owner Pays
Trash Collection, Water
Tax Annual Amount
1657
Tax Book Number
159.00
Tax Lot
14
Tax Year
2020
Tenant Pays
Electricity
Water Sewer Expense
2100
Contact - Listing ID 6270106
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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