Listing ID6369948
Price$779,000
StatusActive
CountyMaricopa
SubdivisionHIALEAH
Year Built1940
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
GREAT CAP RATE, ALL UNITS RENTED!! Long term renters in place. Tri-plex and a duplex on one lot. Fantastic location walking distance to the light rail, close to the airport and downtown Phoenix. Rents are under market value for this area. All units are on monthly leases positioned for new investor increases. Each unit has gone through updates throughout the years including new paint, refinished cabinets, ceramic tiles and laminate flooring, newer counters with tiled backsplash and tiled showers. This property is individually metered for electric. Duplex has newer a/c unit and windows! Lots of investor development in this are! Put in an offer today!
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
HIALEAH
Year Built
1940
Zoning
R4
1 Bedroom Units
3
1 Bedroom Units: Average SqFt
438
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
1
2 Bedroom Units: Average SqFt
821
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator
Average SqFt
437
Baths
1
Cooling
Central A/C
Efficiency Units
1
Floors
Ceramic Tile, Vinyl
Heating
Electric
Interior Amenities
Fire/Smoke Alarm(s)
Total Units
5
Construction
Block, Brick, Frame - Wood
Exterior Amenities
Fenced
Exterior Finish
Painted, Siding
Lot Size Dimensions
7754
Parking
1 Space/Unit
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
5
Country
USA
Cross Street
24th St & Van Buren
High School District Number
210 - Phoenix Union High School District
Lot Number
4
Map Code/Grid
Q35
Range
3E
School District
007 - Wilson Elementary District
Section
11
Township
1N
Community Amenities
No Pool
Electric
APS, Individual Meter
Entry Timestamp
2022-03-17T14:16:17+00:00
Gas
None
Marketing Name
n/a
Owner Association
No
Sewer
Sewer - Public
Water
City Franchise, Master Meter
1 Bedroom Units: Average Rent
881.67
2 Bedroom Units: Average Rent
1100
Adjusted Gross Income
53820
Annual Insurance Expense
1468
Annual Landscape Expense
100
Annual Maintenance Expense
200
Annual Water/Sewer Expense
3222.58
Average Rent
740
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
53820
Net Operating Income
46770.42
New Financing
Conventional, FHA, No Carry, VA
Operating Expense
7049.58
Owner Pays
Landscaping, Water
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
2059
Tenant Pays
Cable TV, Electric
Total Monthly Rental Income
4485
Contact - Listing ID 6369948
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
