Listing ID6418186
Price$700,000
StatusActive
CountyMaricopa
SubdivisionGREENWAY MANOR
Year Built1982
Property TypeMultifamily Residential
Property Sub TypeFour Plex
Terrific Investor Opportunity to own a turnkey 4 plex in a consistently improving complex, Palomino Pointe. 1 - 1 Br/ 1 ba unit; 2 - 2Br 2 ba units; and 1 - 3Br 2Ba unit, Two units have been completely remodeled in the last two years. All appliances are newer, and all units have been professionally maintained and are in good shape. Professionally managed and turnkey.
County
Maricopa
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Subdivision
GREENWAY MANOR
Year Built
1982
Zoning
PAD-13
1 Bedroom Units
1
1 Bedroom Units: Average SqFt
675
1 Bedroom Units: Number of Baths
2
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
775
2 Bedroom Units: Number of Baths
2
3 Bedrooms Units
1
3 Bedrooms Units: Average SqFt
1025
3 Bedrooms Units: Number of Baths
2
Appliances Included
Disposal, F/S Oven/Range, Refrigerator, Washer/Dryer
Cooling
Ceiling Fan(s), Electric
Floors
Carpet, Vinyl
Heating
Electric
Total Units
4
Construction
Frame - Wood
Covered Parking Spaces
4
Exterior Finish
Painted, Stucco
Lot Size Dimensions
6209
Parking
1 Space/Unit, Carport
Roads/Streets
Asphalt
Roofing
Foam, Rolled
Total Parking Spaces
4
Country
USA
Cross Street
Greenway and 29th street
High School District Number
069 - Paradise Valley Unified District
Lot Number
31
Map Code/Grid
L35
Range
3E
School District
069 - Paradise Valley Unified District
Section
2
Township
3N
Community Amenities
Clubhouse, Pool
Electric
APS
Entry Timestamp
2022-06-16T12:44:31+00:00
Gas
None
Marketing Name
Palomino Pointe
Owner Association
Yes
Sewer
Sewer - Public
Water
City Franchise
1 Bedroom Units: Average Rent
1017.98
2 Bedroom Units: Average Rent
1021
3 Bedrooms Units: Average Rent
1125
Adjusted Gross Income
50277
Annual Owner Association Fee
8514
Contingency Type
UCB (Under Contract-Backups)
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
50242
Net Operating Income
40423
New Financing
1031 Exchange, Conventional, FHA, VA
Operating Expense
9854
Other Income
35
Owner Pays
Landscaping, None, Pool/Spa Maintenance, Trash Collection
Sale Includes
Land & Building
Tax Municipality
Phoenix
Taxes
1340
Tenant Pays
Cable TV, Electric, Sewer, Water
Contact - Listing ID 6418186
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
