Currently viewing 1 of 500
For more information on this property, contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com

5139 N 22ND Avenue
Phoenix, Arizona AZ 85015-2815
Sold For: $1,064,000
Listing ID 6420723
Status Closed
Year Built 1982

Property Description:

Here's what you have been waiting for!!! Two homes and 5 apartments! Always rented!!! This well maintained seven unit community features a slump block triplex and duplex, and two single family homes. The three bedroom home has a washer/dryer and its own back yard! The one bedroom home also has its own yard. The one bedroom units in the triplex and duplex are large and well laid out they have storage too! The homes and units are set back from the street offering privacy for the tenants. Plenty of parking too! The lot is flood irrigated keeping water costs low and make for a lush, green environment with many trees! Lots of deferred maintenance done. Lots of upgrades. This location near 22nd Avenue and Camelback is in an area of much redevelopment. In fact there is a vacant lot directly to the South, ready for new construction. On the corner of 22nd Avenue and Camelback, there is a new shopping center with a grocery store offering convenience for the residents. In addition to the close proximity to Grand Canyon University (three stoplights away!), the Light Rail at 19th Avenue and Camelback, offers tenants alternatives for commutes to all of the Valley employment and entertainment venues. All rents are month to month, making for easy rent increases. Don't wait! Call now! Please drive by only. Do not walk the property or disturb the residents as they are unaware of the sale.

Primary Features

County: Maricopa
Property Type: Multiple Dwellings
Subdivision: CAMELBACK VISTA
Year Built: 1982
Zoning: multi

Interior

1 Bedroom Units # Baths: 1
1 Bedroom Units Avg SqFt: 525
2 Bedroom Units # Baths: 1
3 Bedrooms Units # Baths: 1
Cooling: Central A/C
Cooling: yes
Heating: Electric
Heating: yes

Location

Community Features: No Pool
Country: US
Directions: 22nd/Camelback
Elementary School District: Alhambra Elementary District
General Property Description Elementary School District2: Alhambra Elementary District
General Property Description High School District: Phoenix Union High School District
High School District: Phoenix Union High School District
Postal City: Phoenix
Township: 2N
Water Source: City Franchise

External

Attached Garage: no
Construction Materials: Painted, Block
Electric: SRP
General Property Description # of Buildings: 4
General Property Description Lot Size Dimensions: .536 acres
General Property Description Total # of Units: 7
General Property Description Uncvrd Parking Spcs: 10
Lot Size Dimensions: .536 acres
Number Of Buildings: 4
Number Of Units Total: 7
Open Parking Spaces: 10
Parking Total: 10
Road Surface Type: Private Street
Roof: Composition
Sewer: Public Sewer

Additional

Mls Status: Closed
Public Survey Range: 2E
Public Survey Section: 13

Financial

1 Bedroom Units Avg Rent: 805
3 Bedrooms Units Avg Rent: 1595
Cap Rate: 4.81
Disclosures: None
Electric Expense: 250
Gross Income: 75310.8
Gross Scheduled Income: 77640
Insurance Expense: 2689
Listing Terms: Conventional, FHA, VA Loan
Net Operating Income: 56526
Operating Expense: 8534
Owner Pays: Trash Collection, Water, Sewer
Tax Annual Amount: 219
Tax Block: 4
Tax Book Number: 153.00
Tax Lot: 2
Tax Year: 2021
Tenant Pays: Electricity
Trash Expense: 2196
Water Sewer Expense: 3180

Zoning Info


Contact - Listing ID 6420723

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Michael Bohlman

2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800

Data services provided by IDX Broker
{"page":"listing","idxID":"a012","listingID":"6420723","extra":"5139-N-22ND-Avenue-Phoenix-AZ-85015","printable":"","type":"detailsContact"}
http://azrealestate4you.com
details.php
https://homes.azrealestate4you.com
details