Listing ID6383201
Sold For$525,000
StatusClosed
Sold Date7/13/2022
CountyMaricopa
Year Built1983
Property TypeMultiple Dwellings
4 plex located at 19th Ave and Buckeye. Fresh exterior repaint. and #1. #2, 3, 4 all repainted in last 18 months. Central AC installed 2018--Filters changed every 60 days. All units are one 1 bed/1 bath with stove and fridge included with all leases. All tenants are current on rent for April 2022 and pay a 1/4 share of the water, sewer, trash bill from City of Phoenix. Electric is individually metered. Well maintained unit with great maintenance records and 3-12 months left on all leases. Average rent is $903 per unit for a net cap rate over 6%!
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1983
Zoning
4-PLEX
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
416
Cooling
Central A/C, Heat Pump, Electric
Cooling
yes
Heating
Heat Pump, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
TO PROPERTY. PROPERTY ON N/W CORNER OF 17TH AVE AND BUCKEYE.
Elementary School District
Murphy Elementary District
General Property Description Elementary School District2
Murphy Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Water Source
See Remarks, City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Electric
SRP, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
UNK
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
UNK
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Features
1 Space/Unit
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
1 Bedroom Units Avg Rent
899
Cap Rate
8.02
Disclosures
Seller Prop Disc Stm
Gardener Expense
1200
Gross Income
42910.56
Gross Scheduled Income
43344
Listing Terms
CTL, Conventional, FHA, VA Loan
Net Operating Income
42088
Operating Expense
2018
Owner Pays
None
Tax Annual Amount
818
Tax Book Number
105.00
Tax Lot
1
Tax Year
2021
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Contact - Listing ID 6383201
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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