Listing ID6416022
Price$750,000
StatusActive
CountyPinal
SubdivisionPALM SPRINGS UNIT TEN
Year Built1979
Property TypeMultifamily Residential
Property Sub TypeFour Plex
Very well kept 4-plex. Each unit has 2 bedrooms & 1 bath with a small enclosed patio area in the back and community courtyard in the front. Each unit has been updated as they become vacant, At this time there is 1 that came vacant & it almost finished with the refurbishment. Each unit has tile, LVP flooring or Congoleum. Kitchen & baths have granite or quartz counters. 2 units have new electrical panels in 2019.The roofs of both buildings & carports were replaced & warranty is transferable & 2 units the A/C was replaced. Dual pane low E windows on all units. Square footage does not include detached laundry room. The seller has owned the property since 2006 & has never had any long term vacancies.Please do not disturbed the tenants. Apt A is available & on lockbox.
County
Pinal
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Subdivision
PALM SPRINGS UNIT TEN
Year Built
1979
Zoning
Multi
2 Bedroom Units
4
2 Bedroom Units: Average SqFt
672
2 Bedroom Units: Number of Baths
1
Appliances Included
BI Oven/Range, Refrigerator
Cooling
Ceiling Fan(s), Central A/C
Floors
Ceramic Tile, Other, Vinyl
Heating
Electric
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Total Units
4
Construction
Block
Covered Parking Spaces
4
Exterior Amenities
Desert Landscaping
Exterior Finish
Stucco
Lot Size Dimensions
10,028
Parking
>1 Space Per Unit, Add'l Parking Avail, Carport
Roads/Streets
Alley, Asphalt, Curb(s) & Gutter(s)
Roofing
Comp Shingle
Total Parking Spaces
7
Country
USA
Cross Street
Southern & Idaho
High School District Number
0043 - Apache Junction Unified District - Pinal
Lot Number
1010
Map Code/Grid
R44
Range
08E
School District
0043 - Apache Junction Unified District - Pinal
Section
28
Township
01N
Community Amenities
Barbecue, No Pool
Electric
Individual Meter, SRP
Entry Timestamp
2022-06-12T17:56:44+00:00
Gas
None
Marketing Name
unknown
Owner Association
No
Sewer
Septic Tank
Vacancy Allowance
0.05
Water
Private Franchise
2 Bedroom Units: Average Rent
1000
Annual Insurance Expense
1198
Annual Landscape Expense
1279
Annual Legal and Accounting
200
Annual Maintenance Expense
1316
Annual Other Expense
154
Annual Water/Sewer Expense
398
Contingency Type
No
Financial Data Source
Provided by Owner
Net Operating Income
33810
New Financing
1031 Exchange, Conventional
Operating Expense
6136
Owner Pays
Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building
Tax Municipality
Pinal - COUNTY
Taxes
1591
Tenant Pays
Cable TV, Electric
Total Monthly Rental Income
39946
Contact - Listing ID 6416022
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
