Listing ID6307417
Sold For$800,000
StatusClosed
Sold Date2/01/2022
CountyMaricopa
SubdivisionPARADISE ON 25TH CONDOMINIUMS FINAL PLAT
Year Built2004
Property TypeMultiple Dwellings
RARE OPPORTUNITY to own a beautiful LOW-MAINTENANCE 2004-Built Residential Fourplex in North East Phoenix! This incredible value add property features (4) three bedroom-two bathroom 1070 SF units. Units have a split floorplan: the master bedroom/bathroom includes a walk-in closet, on suite and balcony access. Each unit has either a private balcony or private patio, full sized washer/dryer, and a separate storage unit. Each unit has one assigned covered parking spot (4 assigned parking spots total) and there are additional parking spots. DRIVE BY ONLY! DO NOT DISTURB TENANTS! NO SIGNAGE!
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
PARADISE ON 25TH CONDOMINIUMS FINAL PLAT
Year Built
2004
Zoning
R-3
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1070
Cooling
Electric, Ceiling Fan(s)
Cooling
yes
Heating
Electric
Heating
yes
Community Features
See Remarks
Country
US
Directions
East on 25th Street, to Paradise on 25th Streeting, Building 3 on the North Side of Community. **DRIVE BY ONLY** SHOWINGS ONLY WITH AN ACCEPTED OFFER.
Elementary School
Palomino Primary School
Elementary School District
Paradise Valley Unified District
General Property Description Elementary School
Palomino Primary School
General Property Description Elementary School District2
Paradise Valley Unified District
General Property Description High School
Paradise Valley High School
General Property Description High School District
Paradise Valley Unified District
General Property Description Jr High School
Greenway Middle School
High School
Paradise Valley High School
High School District
Paradise Valley Unified District
Middle Or Junior School
Greenway Middle School
Postal City
Phoenix
Township
3N
Water Source
Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
3,870 SF
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
3,870 SF
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Assigned
1
Parking Features
Other (See Remarks), Assigned, Add'l Parking Avail, >1 Space Per Unit
Parking Total
4
Road Surface Type
Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
Roof
Tile
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
2
3 Bedrooms Units Avg Rent
1195
Cap Rate
4.66
Disclosures
Other (See Remarks)
Gross Income
54606
Gross Scheduled Income
57480
Insurance Expense
1593
Listing Terms
Other (See Remarks), Conventional, 1031 Exchange
Maintenance Expense
1092
Net Operating Income
38469
Operating Expense
17405
Other Expense
922
Owner Pays
See Remarks
Professional Management Expense
3276
Tax Annual Amount
922
Tax Book Number
214.00
Tax Lot
3
Tax Year
2021
Tenant Pays
Electricity, Cable TV
Contact - Listing ID 6307417
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
