Listing ID6390852
Price$539,000
StatusActive
CountyMaricopa
SubdivisionWILLOW ADDITION
Year Built1986
Property TypeMultifamily Residential
Property Sub TypeDuplex
ALL separate utilities including SEPARATE WATER METER for each unit. Wonderful rental opportunity to own a block-built duplex! TWO UNITS: 3bed/2bath unit and 2bed/2bath unit each has its own spacious, very private courtyard patios. Inside laundry in both units. The interior of each unit is nicely update offering tile floors throughout, udated kitchens and bathrooms and great floor plans. Newer roofs and ACs. Completely desert landscaped for minimal upkeep. Located close to downtown Phoenix, entertainment and employment centers and freeway access. Long term tenants on month to month leases. This is a great addition to your rental portfolio or a good way to start one too!Current MTM rent $975 for 2b/2ba & $900 for 3be/2ba. Huge Potential: See Projected Proforma.
County
Maricopa
Property Sub Type
Duplex
Property Type
Multifamily Residential
Subdivision
WILLOW ADDITION
Year Built
1986
Zoning
R-3
2 Bedroom Units
1
2 Bedroom Units: Average SqFt
810
2 Bedroom Units: Number of Baths
2
3 Bedrooms Units
1
3 Bedrooms Units: Average SqFt
810
3 Bedrooms Units: Number of Baths
2
Appliances Included
Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
Cooling
Central A/C, Heat Pump
Floors
Ceramic Tile
Heating
Central, Heat Pump
Interior Amenities
Drapes, Fire/Smoke Alarm(s)
Total Units
2
Construction
Block
Exterior Amenities
Cable TV Available, Desert Landscaping, Fenced, Landscape Wtr System, Patio/Balcony, Security Light(s)
Exterior Finish
Painted, Stucco
Lot Size Dimensions
Approx 44.93 by 128.21
Parking
Paved Parking
Roads/Streets
Asphalt
Roofing
Rolled
Total Parking Spaces
4
Country
USA
Cross Street
Van Buren St & 29 th Ave
High School District Number
210 - Phoenix Union High School District
Lot Number
3
Map Code/Grid
Q33
Range
2E
School District
005 - Isaac Elementary District
Section
2
Township
1N
Community Amenities
No Pool
Electric
APS, Individual Meter
Entry Timestamp
2022-04-28T15:45:18+00:00
Gas
Individual Meter, SW Gas
Marketing Name
WILLOW ADDITION
Owner Association
No
Sewer
Sewer - Public
Water
City Franchise, Individual Meter
2 Bedroom Units: Average Rent
1600
3 Bedrooms Units: Average Rent
1700
Adjusted Gross Income
39600
Annual Insurance Expense
983
Annual Landscape Expense
200
Annual Other Expense
300
Contingency Type
No
Financial Data Source
Projected Proforma
Gross Annual Scheduled Income
39600
Net Operating Income
37317
New Financing
1031 Exchange, Conventional, No Carry, VA
Operating Expense
2283
Owner Pays
None
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
800
Tenant Pays
Cable TV, Electric, Gas, Landscaping, Sewer, Trash, Water
Total Monthly Rental Income
3300
Contact - Listing ID 6390852
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
