Listing ID6383478
Price$750,000
StatusActive
CountyMaricopa
Year Built1985
Property TypeMultifamily Residential
Property Sub TypeFour Plex
The well-rounded locationalaspect of this property begins with its proximity to Grand Canyon University at less than a two-mile distance. In addition, Interstate 17 (I-17)placed less than half a mile from the property provides incredible ease of transportation to largely anywhere in the valley, including multipleemployment corridors nearby. Innovation Employment Corridor running down Central Avenue into Downtown Phoenix and the SouthwestValley Industrial Corridor found in the southern portion of the greater west valley present ample employment opportunities within a shortcommute.
County
Maricopa
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Year Built
1985
Zoning
R-3
2 Bedroom Units
4
2 Bedroom Units: Average SqFt
800
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator
Cooling
Individual, Window/Wall Unit
Floors
Ceramic Tile
Heating
Wall Furnace
Total Units
4
Construction
Frame - Wood
Exterior Amenities
Desert Landscaping, Partially Fenced
Exterior Finish
Stucco
Lot Size Dimensions
9,060 SF
Parking
>1 Space Per Unit
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
6
Country
USA
High School District Number
210 - Phoenix Union High School District
Lot Number
24 2N 2E
Map Code/Grid
P34
School District
210 - Phoenix Union High School District
Community Amenities
No Pool
Electric
SRP
Entry Timestamp
2022-04-14T10:40:06+00:00
Gas
SW Gas
Marketing Name
Eight on 23rd (Portfolio)
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.05
Water
Master Meter
2 Bedroom Units: Average Rent
746
Adjusted Gross Income
36155.1
Annual Insurance Expense
1100
Annual Landscape Expense
1000
Annual Maintenance Expense
2600
Annual Management Expense
2390
Annual Other Expense
1600
Annual Replacement Reserves
1200
Annual Water/Sewer Expense
2380
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
35808
Net Operating Income
22264.1
New Financing
1031 Exchange, Conventional, No Carry
Operating Expense
13891.2
Other Income
2250
Owner Pays
Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Personal Property
Tax Municipality
Phoenix
Taxes
1621.2
Tenant Pays
Electric
Contact - Listing ID 6383478
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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