Listing ID6381565
Sold For$425,000
StatusClosed
Sold Date12/20/2022
CountyMaricopa
Year Built1906
Property TypeMultiple Dwellings
Located in a Qualified Opportunity Zone with tenants in two units and the remaining units are ready for tenants and will be leased at $1250 per month! This property was appraised last December for 600K with the increase in rents at a much higher Cap Rate. This property is a solid long term investment play. Remember that this is master metered for all utilities and PLEASE drive-by only, before submitting offer. Buyer to verify all facts and figures.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1906
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
400
3 Bedrooms Units # Baths
1
3 Bedrooms Units Avg SqFt
1190
Cooling
2 or More Units, Central A/C, Individual, Electric, Wall/Window Unit(s)
Cooling
yes
Heating
Individual, Central, Heat Pump, Window/Wall Unit(s), 2 or More Units, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
24th Ave south to Yuma
Yuma west to Property
Property is on the south side of the street
Elementary School
Alfred F Garcia School
Elementary School District
Murphy Elementary District
General Property Description Elementary School
Alfred F Garcia School
General Property Description Elementary School District2
Murphy Elementary District
General Property Description High School
Carl Hayden High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Alfred F Garcia School
High School
Carl Hayden High School
High School District
Phoenix Union High School District
Middle Or Junior School
Alfred F Garcia School
Postal City
Phoenix
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Brick, Frame - Wood
Electric
APS, Master Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
50 x 127
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
50 x 127
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Features
>1 Space Per Unit, Street Parking
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
1 Bedroom Units Avg Rent
1100
3 Bedrooms Units Avg Rent
1500
Cap Rate
9.32
Disclosures
Other (See Remarks), Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
Electric Expense
5000
Gardener Expense
300
Gross Income
55697.4
Gross Scheduled Income
57420
Insurance Expense
1800
Listing Terms
No Carry, Conventional, 1031 Exchange
Maintenance Expense
600
Net Operating Income
41937
Operating Expense
13763
Other Expense
600
Owner Pays
Electricity, Trash Collection, Water, Sewer
Professional Management Expense
2880
Tax Annual Amount
383
Tax Book Number
105.00
Tax Lot
7
Tax Year
2022
Tenant Pays
Cable TV
Water Sewer Expense
2200
Contact - Listing ID 6381565
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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