Listing ID6317729
Sold For$325,000
StatusClosed
Sold Date12/20/2021
CountyMaricopa
SubdivisionIDLE EASE ANNEX
Year Built2005
Property TypeMultiple Dwellings
Great income rental property with a strong cap rate. Built in 2005. Tile throughout, vaulted ceilings and low maintenance landscaping. This a rare property featuring 2 THREE BEDROOM 1 bath units. Tenants are both long term and currently month to month.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
IDLE EASE ANNEX
Year Built
2005
Zoning
R-4
3 Bedrooms Units # Baths
1
3 Bedrooms Units Avg SqFt
820
Cooling
Central A/C
Cooling
yes
Heating
Electric
Heating
yes
Community Features
See Remarks
Country
US
Directions
North on 19th Avenue, Right on Hatcher, Left on Carol, take curve to left, home will be on the left
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
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
7620
General Property Description Total # of Units
2
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
7620
Number Of Buildings
1
Number Of Units Total
2
Open Parking Spaces
4
Parking Features
Free, >1 Space Per Unit
Parking Free
1
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
30
3 Bedrooms Units Avg Rent
850
Cap Rate
4.32
Disclosures
None
Gross Income
21000
Gross Scheduled Income
21000
Insurance Expense
1300
Listing Terms
Conventional, FHA, VA Loan
Net Operating Income
17274
Operating Expense
3920
Owner Pays
Other, Landscaping
Tax Annual Amount
784
Tax Block
9500
Tax Book Number
158.00
Tax Lot
15
Tax Year
2021
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
1836
Contact - Listing ID 6317729
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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