Listing ID6422219
Price$525,000
StatusActive
CountyMaricopa
Year Built1948
Property TypeMultifamily Residential
Property Sub TypeDuplex
Welcome to a beautifully renovated duplex! There are so many options in this pristine two unit house. Multigenerational living - aging parents on one side and family on the other. Adult kids that need their own space? Live one side and long or short term the other. Or just rent both sides! So many choices! The entire house has been redone with tasteful nods to the time it was built. Storage galore with built ins every where. Amazing light makes it feel airy and bright. The front yard is newly fenced for privacy with a real grass lawn under your feet. Fresh exterior paint updates it beautifully!*furnishings may be available on a separate bill of sale*buyer to verify all facts and figures
County
Maricopa
Property Sub Type
Duplex
Property Type
Multifamily Residential
Year Built
1948
Zoning
RM4
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
1200
2 Bedroom Units: Number of Baths
1
Appliances Included
BI Oven/Range, Refrigerator, W/D Hookup
Cooling
Ceiling Fan(s), Central A/C, Electric
Floors
Vinyl
Heating
Electric
Total Units
2
Construction
Brick
Exterior Finish
Other (See Remarks)
Lot Size Dimensions
unknown
Parking
>1 Space Per Unit
Roads/Streets
Asphalt, Gravel
Roofing
Comp Shingle
Total Parking Spaces
4
Country
USA
Cross Street
University and Horne
Elementary School
Edison Elementary School
High School
Westwood High School
High School District Number
004 - Mesa Unified District
Jr. High School
Kino Junior High School
Map Code/Grid
R39
Range
5E
School District
004 - Mesa Unified District
Section
23
Township
1N
Community Amenities
No Pool
Electric
City Electric
Entry Timestamp
2022-06-22T23:32:00+00:00
Gas
None
Marketing Name
Duplex on University
Owner Association
No
Sewer
Sewer - Public, Sewer-In & Connected
Water
City Franchise
2 Bedroom Units: Average Rent
1725
Adjusted Gross Income
41400
Annual Electric Expense
3000
Annual Gas Expense
1000
Annual Insurance Expense
1000
Annual Management Expense
2070
Annual Trash Expense
600
Annual Water/Sewer Expense
1200
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
41400
Net Operating Income
31474
New Financing
1031 Exchange, Conventional, FHA, VA
Operating Expense
9926
Owner Pays
Electric, Gas, Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Other (See Remarks)
Tax Municipality
Mesa
Taxes
1056
Tenant Pays
Other (See Remarks)
Contact - Listing ID 6422219
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
