Listing ID6370301
Price$450,000
StatusActive
CountyMaricopa
SubdivisionMOUNTAIN HOME TRACT LOTS 1 THRU 4 15 16 25 THRU 32
Year Built1980
Property TypeMultifamily Residential
Property Sub TypeDuplex
Excellent investment opportunity!!! Wonderful income producing Phoenix duplex on an oversized lot in a great location! Both units are 2 bed 1 bath, the rear unit is slightly larger at just over 900 sqft. New windows on both units. Rear unit was fully remodeled with all new kitchen cabinets/countertops, windows, paint, bathroom and kitchen plumbing fixtures, all new plumbing/sewage run, electrical fixtures, hardware, trim, etc. Both units are tenant occupied. Both units have private yards with storage sheds. Both units have newer water heaters. New cedar privacy fence along the back of the property. Each unit has its own laundry room with hookups, tenants have provided their own washer/dryers.
County
Maricopa
Property Sub Type
Duplex
Property Type
Multifamily Residential
Subdivision
MOUNTAIN HOME TRACT LOTS 1 THRU 4 15 16 25 THRU 32
Year Built
1980
Zoning
R3
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
725
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator
Cooling
Electric
Floors
Ceramic Tile, Concrete
Heating
Electric
Interior Amenities
Unfurnished
Total Units
2
Construction
Block, Frame - Wood
Exterior Finish
Painted, Stucco
Lot Size Dimensions
60x150
Parking
1 Space/Unit
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
2
Country
USA
Cross Street
Cave Creek and Mountain View
High School District Number
205 - Glendale Union High School District
Lot Number
16
Map Code/Grid
M34
Range
3E
School District
006 - Washington Elementary District
Section
28
Township
3N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-03-17T22:41:27+00:00
Gas
Other (See Remarks)
Marketing Name
None
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
5
Water
City Franchise
2 Bedroom Units: Average Rent
982
Adjusted Gross Income
94272
Annual Insurance Expense
672
Annual Maintenance Expense
2000
Annual Management Expense
1641
Annual Water/Sewer Expense
1500
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
23568
Net Operating Income
15900
New Financing
Conventional, No Carry
Operating Expense
6489
Owner Pays
Other, Sewer, Trash Collection, Water
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
676
Tenant Pays
Electric, Other (See Remarks)
Contact - Listing ID 6370301
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
