Listing ID6419077
Sold For$870,000
StatusClosed
Sold Date8/22/2022
CountyMaricopa
SubdivisionROSE LANE MANOR
Year Built1958
Property TypeMultiple Dwellings
All units recently updated. Exterior painted 2022, roof replaced 2017, new carport roof 2019 & all windows replaced 2017. Unit #1 (1 bed/ 1 bath) AC/heating unit replaced 2017. New flooring installed throughout & kitchen remodeled 2018. Paint & drywall repairs 2022. Unit #2 (2 bed/1bath) New flooring installed throughout, new refrigerator & stove, interior paint & drywall repairs & updates to bathroom 2022. AC/heating unit replaced 2021. Unit #3 (2 bed/1 bath) Flooring replaced throughout 2019, A/C/heating replaced 2017, kitchen remodeled & new kitchen appliances 2016, & bathroom remodeled 2016. Common area laundry room added 2015. Units 3 is currently vacant with great income potential. Units 1 & 2 are occupied with month-to-month tenants Excellent opportunity for investor or owner to live in one unit & rent out the other two units. Each unit has covered parking spot & storage unit. Excellent location with trendy restaurants, shops, schools & easy access to freeway. Prospective buyers to verify all facts, figures & features.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
ROSE LANE MANOR
Year Built
1958
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
672
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
882
Cooling
yes
Flooring
Carpet, Ceramic Tile, Vinyl
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Madison Rose Lane School
Elementary School District
Madison Elementary District
General Property Description Elementary School
Madison Rose Lane School
General Property Description Elementary School District2
Madison Elementary District
General Property Description High School
North High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Madison Meadows School
High School
North High School
High School District
Phoenix Union High School District
Middle Or Junior School
Madison Meadows School
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
3
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
127 x 85
General Property Description Total # of Units
3
Lot Size Dimensions
127 x 85
Number Of Buildings
1
Number Of Units Total
3
Parking Carport
1
Parking Features
Paved Parking, 1 Space/Unit, Common
Parking Total
3
Road Surface Type
Concrete
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
9
2 Bedroom Units Avg Rent
1500
Cap Rate
6.13
Disclosures
None
Gardener Expense
1721
Gross Income
58800
Gross Scheduled Income
58800
Insurance Expense
911
Listing Terms
Other (See Remarks), Conventional, 1031 Exchange, VA Loan
Maintenance Expense
670
Net Operating Income
58800
Operating Expense
8056
Owner Pays
Other, Water, Sewer, Landscaping
Tax Annual Amount
2356
Tax Book Number
161.00
Tax Lot
6
Tax Year
2021
Tenant Pays
Gas, Electricity
Water Sewer Expense
2398
Contact - Listing ID 6419077
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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