Listing ID6384574
Price$1,195,000
StatusActive
CountyMaricopa
SubdivisionHOMESIDE ACRES
Year Built1961
Property TypeMultifamily Residential
Property Sub TypeFour Plex
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 Sub Type
Four Plex
Property Type
Multifamily Residential
Subdivision
HOMESIDE ACRES
Year Built
1961
Zoning
R-3
1 Bedroom Units
3
1 Bedroom Units: Average SqFt
700
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
1
2 Bedroom Units: Average SqFt
892
2 Bedroom Units: Number of Baths
1
Appliances Included
Dishwasher, F/S Oven/Range, Microwave, Refrigerator
Cooling
Ceiling Fan(s), Electric, Individual
Floors
Carpet, Ceramic Tile, Wood
Heating
Ceiling, Electric, Individual
Interior Amenities
Unfurnished
Total Units
4
Construction
Block
Covered Parking Spaces
4
Exterior Amenities
Desert Landscaping, Fenced, Green Landscaping
Exterior Finish
Painted
Lot Size Dimensions
UNK
Parking
1 Space/Unit, Carport, Paved Parking
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
4
Country
USA
Cross Street
20th St & Indian School Rd
High School District Number
210 - Phoenix Union High School District
Lot Number
2
Map Code/Grid
P35
Range
3E
School District
038 - Madison Elementary District
Section
22
Township
2N
Community Amenities
No Pool
Electric
SRP
Entry Timestamp
2022-04-15T17:57:02+00:00
Gas
Individual Meter, SW Gas
Marketing Name
Fourplex
Owner Association
No
Sewer
Sewer - Public
Water
City Franchise, Master Meter
1 Bedroom Units: Average Rent
1106
2 Bedroom Units: Average Rent
1275
Adjusted Gross Income
43438.27
Annual Electric Expense
863.63
Annual Gas Expense
1040.56
Annual Insurance Expense
3731.84
Annual Landscape Expense
3370
Annual Legal and Accounting
841
Annual Maintenance Expense
3998.83
Annual Management Expense
2739.69
Annual Other Expense
2491.38
Annual Trash Expense
1768.36
Annual Water/Sewer Expense
1338.6
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
40216.29
Net Operating Income
18686.38
New Financing
Conventional
Operating Expense
24751.89
Other Income
3221.98
Owner Pays
Electric, Gas, Sewer, Trash Collection, Water
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
2568
Tenant Pays
Electric, Gas
Total Monthly Rental Income
4370
Contact - Listing ID 6384574
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
