Listing ID6384574
Sold For$1,075,000
StatusClosed
Sold Date8/17/2022
CountyMaricopa
SubdivisionHOMESIDE ACRES
Year Built1961
Property TypeMultiple Dwellings
Well maintained, mid-century, gated fourplex close to everything Arcadia-Lite & Biltmore has to offer!
There are (3) one bed / one bath and (1) two bed / one bath units. Various improvements have been completed, including remodeled kitchens with granite countertops and remodeled bathrooms.
The community features on-site laundry facilities, plenty of covered parking and is fully gated. The units are individually metered for electricity, master metered for water, sewer and trash.
Located in the highly rated Madison School District! Nearby are city parks, public transportation, freeway access, shopping, entertainment and more!
This fourplex offers an investor the opportunity to buy a stabilized property in a great Phoenix location.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
HOMESIDE ACRES
Year Built
1961
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
700
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
892
Cooling
yes
Flooring
Carpet, Ceramic Tile, Wood
Heating
yes
Community Features
No Pool
Country
US
Directions
From 20th St & Indian School Rd, head North on 20th St, then turn East on Glenrosa Ave, property is on the North side of Glenrosa Ave
Elementary School District
Madison Elementary District
General Property Description Elementary School District2
Madison Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Township
2N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
4
Electric
SRP
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
UNK
General Property Description Total # of Units
4
Lot Size Dimensions
UNK
Number Of Buildings
1
Number Of Units Total
4
Parking Carport
1
Parking Features
Paved Parking, 1 Space/Unit, Common
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
22
1 Bedroom Units Avg Rent
1106
2 Bedroom Units Avg Rent
1275
Cap Rate
1.56
Disclosures
Seller Prop Disc Stm
Electric Expense
863.63
Fuel Expense
1040.56
Gardener Expense
3370
Gross Income
43438.27
Gross Scheduled Income
40216.29
Insurance Expense
3731.84
Listing Terms
Conventional
Maintenance Expense
3998.83
Net Operating Income
18686.38
Operating Expense
24751.89
Other Expense
2491.38
Owner Pays
Gas, Electricity, Trash Collection, Water, Sewer
Professional Management Expense
2739.69
Tax Annual Amount
2568
Tax Block
3
Tax Book Number
163.00
Tax Lot
2
Tax Year
2021
Tenant Pays
Gas, Electricity
Trash Expense
1768.36
Water Sewer Expense
1338.6
Contact - Listing ID 6384574
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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