Listing ID6404640
Price$1,175,000
StatusActive
CountyMaricopa
SubdivisionMALARAN PARK 1
Year Built1961
Property TypeMultifamily Residential
Property Sub TypeFour Plex
Location, location, location. Walking distance to ASU. Near shopping, restaurants, Tempe Market Place. Private yards, onsite laundry, owner owned, many improvements, all copper and pex plumbing, hot and cold replaced. Many upgrades including newer water heaters and a/c units. Unit 7 is fully remodeled.
County
Maricopa
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Subdivision
MALARAN PARK 1
Year Built
1961
Zoning
R-3
2 Bedroom Units
4
2 Bedroom Units: Average SqFt
756
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator
Cooling
Ceiling Fan(s), Central A/C
Floors
Carpet, Vinyl
Heating
Central
Interior Amenities
Fire/Smoke Alarm(s), Vertical Blinds
Total Units
4
Construction
Brick
Exterior Amenities
Desert Landscaping, Partially Fenced, Separate Storage
Exterior Finish
Other (See Remarks)
Lot Size Dimensions
79/110
Roads/Streets
Gravel
Roofing
Comp Shingle
Total Parking Spaces
8
Country
USA
Cross Street
University and Dorsey Ln.
Elementary School
Flora Thew Elementary School
High School
McClintock High School
High School District Number
213 - Tempe Union High School District
Jr. High School
Connolly Middle School
Lot Number
2
Map Code/Grid
R37
Range
4E
School District
003 - Tempe School District
Section
23
Township
1N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-05-23T15:12:40+00:00
Gas
SW Gas
Marketing Name
N/A
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
1
Water
City Franchise, Master Meter
2 Bedroom Units: Average Rent
1025
Annual Electric Expense
600
Annual Gas Expense
600
Annual Insurance Expense
1400
Annual Trash Expense
2400
Annual Water/Sewer Expense
2400
Contingency Type
UCB (Under Contract-Backups)
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
67280
Net Operating Income
64528
New Financing
1031 Exchange, Conventional, FHA, VA
Operating Expense
9190
Other Income
3000
Owner Pays
Sewer, Trash Collection, Water
Sale Includes
Land & Building, Laundry Equipment, Personal Property
Tax Municipality
Tempe
Taxes
1790
Tenant Pays
Cable TV, Electric, Gas
Total Monthly Rental Income
5600
Contact - Listing ID 6404640
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
