Listing ID6354419
Price$1,150,000
StatusActive
CountyMaricopa
SubdivisionKAY TRACT
Year Built2006
Property TypeMultifamily Residential
Property Sub TypeDuplex
BACK ON MARKET AFTER REHAB.! DRIVE BY ONLY--NO SIGN! INVESTOR DREAM!!! 10+++ LOCATION! DUPLEX UNIT IN CENTRAL PHOENIX. UNITS CONSIST OF TWO, 4-BEDROOM, 2-BATH, 2-GARAGE UNITS AND TWO BONUS STUDIO UNITS WITH KITCHENETTES & FULL BATHS. AMAZING 2006 NEWER BUILD. 3 UNITS COMPLETELY RENOVATED WITH NEW APPLIANCES, CABINETS, FIXTURES, FLOORING, BLINDS, PAINT, DOORS. NEW EXTERIOR PAINT. 4-BEDROOM UNITS HAVE WASHER DRYERS, FULL KITCHEN APPLIANCES. NEW ROOF 2020! LONG-TERM TENANTS AT UNDER-MARKET RENT. HUGE UPSIDE IN RENTS. PERFECT ADDITION TO ANY PORTFOLIO. OWNER/AGENT.
County
Maricopa
Property Sub Type
Duplex
Property Type
Multifamily Residential
Subdivision
KAY TRACT
Year Built
2006
Zoning
R-3
4 Bedrooms Units
2
4 Bedrooms Units: Average SqFt
1500
4 Bedrooms Units: Number of Baths
2
Appliances Included
Dishwasher, Disposal, F/S Oven/Range, Refrigerator, Washer/Dryer
Average SqFt
506
Baths
1
Cooling
2 or More Units, Central A/C
Efficiency Units
2
Floors
Carpet, Ceramic Tile, Vinyl
Heating
Central, Electric
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds
Total Units
2
Construction
Frame - Wood
Covered Parking Spaces
4
Exterior Amenities
Desert Landscaping, Partially Fenced
Exterior Finish
Painted, Stucco
Lot Size Dimensions
140X60
Parking
>1 Space Per Unit, Add'l Parking Avail, Garage, RV/Boat Parking
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
12
Country
USA
Cross Street
Indian School & 7th Street
Elementary School
Longview Elementary School
High School
North High School
High School District Number
210 - Phoenix Union High School District
Jr. High School
Osborn Middle School
Lot Number
25
Map Code/Grid
P34
Range
3E
School District
001 - Phoenix Elementary District
Section
28
Township
2N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-02-11T11:33:32+00:00
Gas
None
Marketing Name
None
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.05
Water
City Franchise, Master Meter
4 Bedrooms Units: Average Rent
2197
Adjusted Gross Income
73416
Annual Insurance Expense
2700
Annual Maintenance Expense
2400
Annual Water/Sewer Expense
2400
Average Rent
725
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
77280
Net Operating Income
62441
New Financing
Conventional
Operating Expense
10975
Owner Pays
Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building
Special Listing Conditions
Owner/Agent
Tax Municipality
Phoenix
Taxes
3475
Tenant Pays
Cable TV, Electric
Contact - Listing ID 6354419
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
