Listing ID6279568
Sold For$317,000
StatusClosed
Sold Date10/20/2021
CountyPinal
SubdivisionWALLACE ACRES
Year Built1954
Property TypeMultiple Dwellings
4 unit multi-family property consisting of one single family home and large triplex on ½ acre with irrigation rights. 2 bedroom 1 bath single family home remodeled in 2017, Triplex includes 3 large 1 bedroom 1 bath units with modern kitchens and tile floors. All units have fenced yards, laundry hookups and parking. 1 bedroom units have covered front and back patios, large kitchens and storage space inside units. Low Maintenance property, fully leased with long term, month to month tenants who would like to stay. Seller is a licensed real estate agent in Arizona, Owner/agent, SPDS/CLUE available, buyer to verify all facts and information material to buyer. Please, do not disturb tenants. Property is located in an opportunity zone.
County
Pinal
Property Type
Multiple Dwellings
Subdivision
WALLACE ACRES
Year Built
1954
Zoning
0310
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
621
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
884
Cooling
yes
Flooring
Carpet, Ceramic Tile, Other
Heating
yes
Community Features
No Pool
Country
US
Directions
Arizona Blvd south to Palo Verde, east to Main St, south to property on right
Elementary School
West Elementary School
Elementary School District
Coolidge Unified District
General Property Description Elementary School
West Elementary School
General Property Description Elementary School District2
Coolidge Unified District
General Property Description High School
Coolidge High School
General Property Description High School District
Coolidge Unified District
General Property Description Jr High School
Coolidge Jr High School
High School
Coolidge High School
High School District
Coolidge Unified District
Middle Or Junior School
Coolidge Jr High School
Postal City
Coolidge
Township
05S
Water Source
Irrigation, Private Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Adobe, Frame - Wood
Electric
APS
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
100.39 X 232.07
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
8
Lot Size Dimensions
100.39 X 232.07
Number Of Buildings
2
Number Of Units Total
4
Open Parking Spaces
8
Parking Features
Other (See Remarks), Free, RV/Boat Parking, Add'l Parking Avail, >1 Space Per Unit
Parking Free
1
Parking Total
8
Road Surface Type
Asphalt, Curb(s) & Gutter(s), Sidewalk(s), Alley
Roof
Metal
Sewer
Sewer-In & Connected, Public Sewer
Water Irrigation
1
Mls Status
Closed
Public Survey Range
08E
Public Survey Section
27
1 Bedroom Units Avg Rent
533.34
2 Bedroom Units Avg Rent
750
Cap Rate
5.44
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm, Sch of Personal Prop
Gardener Expense
300
Gross Income
28200
Gross Scheduled Income
28200
Insurance Expense
1535
Listing Terms
Conventional, 1031 Exchange, FHA, VA Loan
Net Operating Income
21750
Operating Expense
4739
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
933
Tax Block
2
Tax Book Number
205.00
Tax Lot
3
Tax Year
2020
Tenant Pays
See Remarks, Electricity, Water, Cable TV, Landscaping
Trash Expense
651
Water Sewer Expense
1320
Contact - Listing ID 6279568
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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