Listing ID6390198
Sold For$520,000
StatusClosed
Sold Date6/10/2022
CountyMaricopa
SubdivisionINCOME ACRES
Year Built1958
Property TypeMultiple Dwellings
3 Units, Built in 1958, Garden-Style Property. 100% 1-Bed / 1-Bath Unit Mix. Value-Add Opportunity Through Interior & Exterior Renovations. Walking Distance to the Lively Melrose District Along 7th Avenue & Located in the Heart of the Central Corridor and Less Than .2 Miles to Two Separate Light Rail Stations. Exceptional Uptown Location in Close Proximity to Attractive Shops & Restaurants in Uptown Plaza Such as Lou Malnati's, Flower Child, Chula Seafood, & More.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
INCOME ACRES
Year Built
1958
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
400
Cooling
Wall/Window Unit(s)
Cooling
yes
Heating
Other
Heating
yes
Community Features
Other, No Pool
Country
US
Elementary School District
Osborn Elementary District
General Property Description Elementary School District2
Osborn 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
Attached Garage
no
Construction Materials
Painted, Block
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
7800
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
3
Lot Size Dimensions
7800
Number Of Buildings
1
Number Of Units Total
3
Open Parking Spaces
3
Parking Features
1 Space/Unit, Street Parking
Parking Total
3
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
19
1 Bedroom Units Avg Rent
541
Cap Rate
6.68
Disclosures
None
Gross Income
42423.2
Gross Scheduled Income
44356
Listing Terms
Conventional, FHA, VA Loan
Net Operating Income
33081
Operating Expense
901
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
901
Tax Book Number
155.00
Tax Lot
8
Tax Year
2021
Tenant Pays
Electricity
Contact - Listing ID 6390198
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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