Listing ID6286482
Sold For$408,500
StatusClosed
Sold Date9/30/2021
CountyMaricopa
SubdivisionGREENFIELD ESTATES UNIT 2
Year Built1983
Property TypeMultiple Dwellings
This is a terrific solid investment. Gross rents are $2800 per month!! Tenants pay all utilities as well! Both tenants just signed year leases. The seller just updated unit two. There is fresh paint, new kitchen countertops, new faucet, vinyl flooring in living area and bedrooms, new ceiling fans, a new bathroom vanity/sink, new toilet, and new pulls on the kitchen cabinets! Unit one was updated about three years ago, and has a newer ac unit. Both units have private yards and a large main yard. Each unit has its own laundry room, and one covered parking space. There are vaulted ceilings for an open layout. Tenants have been there for over three years. The location is great, with close freeway access, and dining and shopping are close as well. Do not disturb tenants.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
GREENFIELD ESTATES UNIT 2
Year Built
1983
Zoning
Multi
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
897
Cooling
yes
Flooring
Carpet, Ceramic Tile, Vinyl
Heating
yes
Community Features
No Pool
Country
US
Directions
Greenfield/University Directions: East on University, North on Quinn, East on Camino to 4721
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
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Covered Spaces
2
Electric
SRP
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
7708
General Property Description Total # of Units
2
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
7708
Number Of Buildings
1
Number Of Units Total
2
Open Parking Spaces
2
Parking Carport
1
Parking Features
1 Space/Unit, Common
Parking Total
4
Road Surface Type
Asphalt, Sidewalk(s)
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
6E
Public Survey Section
15
2 Bedroom Units Avg Rent
1400
Cap Rate
7.47
Current Financing
Non Assumable
Disclosures
Seller Prop Disc Stm
Gardener Expense
500
Gross Income
33600
Gross Scheduled Income
33600
Insurance Expense
1800
Listing Terms
CTL, Conventional, FHA, VA Loan
Maintenance Expense
1500
Net Operating Income
29800
Operating Expense
4942
Owner Pays
Landscaping
Tax Annual Amount
1142
Tax Book Number
140.00
Tax Lot
166
Tax Year
2020
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Contact - Listing ID 6286482
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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