Listing ID6332720
Price$515,000
StatusActive
CountyMaricopa
SubdivisionLAS FLORES
Year Built1947
Property TypeMultifamily Residential
Property Sub TypeFour Plex
HUGE REDUCTION TO BELOW MARKET. PRICED TO SELL! Investment opportunity with tons of flexibility and upside. Professionally managed, CASH-FLOWING fourplex in a downtown location with great access. Two 2BR/1BA and two studio/1BA. 2 units have just had turn work completed. Newer AC. Lots of flexibility -- move in with low down payment FHA loan or turn key lease. Shared onsite laundry with newer washer and dryer. All units are separately metered and NO HOA. Low-maintenance desert landscaping with plenty of parking in front and in back. Space for toys/trailers/etc. Rents are below market with room to raise! TENANT RIGHTS, PLEASE DRIVE BY ONLY - SHOWINGS ONLY AFTER ACCEPTED OFFER. **Vacant units are being marketed for lease. Act now for maximum flexibility**
County
Maricopa
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Subdivision
LAS FLORES
Year Built
1947
Zoning
R5
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
750
2 Bedroom Units: Number of Baths
1
Appliances Included
Disposal, F/S Oven/Range, Refrigerator, W/D Hookup
Average SqFt
350
Baths
1
Cooling
Ceiling Fan(s), Central A/C
Efficiency Units
2
Floors
Ceramic Tile
Heating
Heat Pump
Total Units
4
Construction
Block
Exterior Amenities
Desert Landscaping, Fenced, Partially Fenced, Security Light(s)
Exterior Finish
Painted
Lot Size Dimensions
IRR
Parking
>1 Space Per Unit, 1 Space/Unit, Add'l Parking Avail
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
6
Building Number
1626
Country
USA
Cross Street
Roosevelt & 15th Ave
Elementary School
Pima Elementary School
Lot Number
14
Map Code/Grid
Q34
Range
3E
Section
6
Township
1N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2021-12-16T15:04:04+00:00
Gas
Other (See Remarks)
Marketing Name
ROOSEVELT FOURPLEX
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.01
Water
City Franchise
2 Bedroom Units: Average Rent
1050
Adjusted Gross Income
38610
Annual Insurance Expense
1000
Annual Maintenance Expense
500
Annual Water/Sewer Expense
1800
Average Rent
750
Contingency Type
CCBS (Contract Contingent on Buyer Sale)
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
39000
Net Operating Income
42690.48
New Financing
1031 Exchange, Conventional, FHA, VA
Operating Expense
4162
Owner Pays
Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
862
Tenant Pays
Electric
Contact - Listing ID 6332720
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
