Listing ID6271790
Sold For$560,000
StatusClosed
Sold Date10/25/2021
CountyMaricopa
Year Built1983
Property TypeMultiple Dwellings
Excellent investment opportunity! Sharp, low maintenance triplex with slump block all around. All units occupied. Unit #1 tenant pays $1,173/mo, lease expires 6/30/22. Unit #2 tenant pays $1,147.50/mo on month to month. Unit #3 tenant pays $1,254.60, lease expires 3/31/22. Private block fenced back yards with gate, covered patios, laundry and storage rooms. Unit #3 has a large back yard (see photo). Each unit has a stove, dishwasher and refrigerator. Covered parking. Tenant pays ALL utilities! Owner/Agent. Submit LSR with offer.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1983
Zoning
3 plex
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
811
Cooling
Central A/C, Individual, Ceiling Fan(s)
Cooling
yes
Heating
Individual, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
East of Greenfield on University to Quinn (first street). North to Caballero (first street). East to property on the North side.
Elementary School
O'Connor Elementary School
Elementary School District
Mesa Unified District
General Property Description Elementary School
O'Connor Elementary School
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School
Red Mountain High School
General Property Description High School District
Mesa Unified District
General Property Description Jr High School
Shepherd Junior High School
High School
Red Mountain High School
High School District
Mesa Unified District
Middle Or Junior School
Shepherd Junior High School
Postal City
Mesa
Township
1N
Water Source
City Franchise, Individual Meter
Attached Garage
no
Construction Materials
Slump Block
Covered Spaces
4
Electric
SRP, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
70x134
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
70x134
Number Of Buildings
1
Number Of Units Total
3
Open Parking Spaces
2
Parking Assigned
1
Parking Carport
1
Parking Features
Free, Assigned, >1 Space Per Unit, Common
Parking Free
1
Parking Total
6
Road Surface Type
Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
Roof
Composition
Sewer
Sewer-In & Connected, Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
6E
Public Survey Section
15
2 Bedroom Units Avg Rent
1168.83
Cap Rate
6.35
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Gardener Expense
360
Gross Income
42901
Gross Scheduled Income
42901
Insurance Expense
1425
Listing Terms
No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Net Operating Income
39676
Operating Expense
3224.92
Owner Pays
Landscaping
Tax Annual Amount
1439.92
Tax Book Number
140.00
Tax Lot
140
Tax Year
2020
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Contact - Listing ID 6271790
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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