Listing ID6401121
Price$899,000
StatusActive
CountyMaricopa
SubdivisionPECAN GROVE ESTATES
Year Built1960
Property TypeMultifamily Residential
Property Sub TypeTri-Plex
LOCATION LOCATION LOCATION!!!! YOU WONT WANT TO MISS THIS AMAZING CASH FLOW OPPORTUNITY LOCATED CLOSE TO ALL RESTAURANTS, BARS, OFFICES MAJOR FWYS AND ASU. ALL UNITS HAVE BEEN COMPLETELY RENOVATED WITH DESIGNER TOUCHES THROUGHOUT. BRAND NEW ROOF, NEW DUAL PANED WINDOWS, FRESH INTERIOR & EXTERIOR PAINT, LED LIGHTING THROUGHOUT, BATHROOMS AND KITCHENS WITH SHAKER CABINETRY AND QUARTZ COUNTERTOPS. STAINLESS STEEL APPLIANCES, PORCELAIN FLOORING, 5 1/4'' BASEBOARDS, NEW INTERIOR SHAKER PANEL DOORS. THIS PROPERTY IS READY TO GO WITH ALL NEW LEASES IN PLACE. EACH UNIT HAS ITS OWN ELECTRIC METER. UNIT 1228 LEASED FOR $2350 PER MONTH AND PAYS OWN UTILITIES, UNIT 1226 RENTED FOR $1560 PER MONTH PAYS OWN UTILITIES, STUDIO UNIT IN BACK RENTED $1200 LANDLORD PAYS ALL UTILITIES.
County
Maricopa
Property Sub Type
Tri-Plex
Property Type
Multifamily Residential
Subdivision
PECAN GROVE ESTATES
Year Built
1960
Zoning
multi family
1 Bedroom Units: Average SqFt
400
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
970
2 Bedroom Units: Number of Baths
2
Appliances Included
Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
Cooling
Ceiling Fan(s), Central A/C
Floors
Other
Heating
Central
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished
Total Units
3
Construction
Block
Covered Parking Spaces
2
Exterior Finish
Painted
Lot Size Dimensions
unknown
Parking
Carport, Street Parking
Roads/Streets
Alley, Asphalt
Roofing
Comp Shingle
Total Parking Spaces
4
Country
USA
Cross Street
S Priest Dr and W 5th St
Elementary School
Scales Technology Academy
High School
Tempe High School
High School District Number
213 - Tempe Union High School District
Jr. High School
Gililland Middle School
Lot Number
13
Map Code/Grid
R36
Range
4E
School District
213 - Tempe Union High School District
Section
16
Township
1N
Community Amenities
No Pool
Electric
SRP
Entry Timestamp
2022-05-17T14:09:17+00:00
Gas
SW Gas
Marketing Name
Pelican Grove Estates
Owner Association
No
Sewer
Sewer - Public
Water
Individual Meter
1 Bedroom Units: Average Rent
1200
2 Bedroom Units: Average Rent
1560
Adjusted Gross Income
61560
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
61560
Net Operating Income
61560
New Financing
1031 Exchange, Conventional
Operating Expense
1712
Owner Pays
Electric, Gas, Water
Sale Includes
Building(s) Only, Laundry Equipment
Tax Municipality
Tempe
Taxes
1712
Tenant Pays
Electric, Gas, Water
Contact - Listing ID 6401121
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
