Listing ID6429989
Sold For$1,833,333
StatusClosed
Sold Date9/30/2022
CountyMaricopa
SubdivisionOASIS PLAZA
Year Built1962
Property TypeMultiple Dwellings
Welcome to Four on Avalon. This a portfolio sale. 3 four unit complex's lined up together. 6622, 6628 and 6616 can purchase separately . 6616 and 6628 must close together. Currently for rent for 2800 each or run your own short term rental. Units will be leased by end of July for August first rent. All units are all two bedroom and have new plumbing, new paint, new flooring, fencing and gates, landscaping new bathrooms and kitchens with waterfall quartz counter new back splash new doors new floors new washer and dryers in all units. Updated electrical. New asphalt and storage for all units and gated and coded perfect to run a short term rental. Covered parking and street parking. Each building has remodeling and repair costs 350k per building. Owner agent. All facts and figures are approximate buyer verify MLS information
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
OASIS PLAZA
Year Built
1962
Zoning
MULTI
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
900
Cooling
Individual
Cooling
yes
Flooring
Ceramic Tile
Heating
Natural Gas
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Other
Elementary School District
Scottsdale Unified District
General Property Description Elementary School
Other
General Property Description Elementary School District2
Scottsdale Unified District
General Property Description High School
Other
General Property Description High School District
Scottsdale Unified District
General Property Description Jr High School
Other
High School
Other
High School District
Scottsdale Unified District
Middle Or Junior School
Other
Postal City
Scottsdale
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Covered Spaces
4
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
IRR
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
IRR
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Features
>1 Space Per Unit
Parking Total
8
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
4E
Public Survey Section
27
2 Bedroom Units Avg Rent
2800
Cap Rate
5.74
Current Financing
Non Assumable
Disclosures
Seller Prop Disc Stm
Gardener Expense
1200
Gross Income
130368
Gross Scheduled Income
134400
Insurance Expense
1600
Listing Terms
Conventional
Maintenance Expense
2000
Net Operating Income
114828
Operating Expense
15540
Owner Pays
Trash Collection, Water, Sewer
Professional Management Expense
6048
Tax Annual Amount
1692
Tax Book Number
130.00
Tax Lot
106
Tax Year
2021
Tenant Pays
Gas, Electricity, Cable TV
Trash Expense
1500
Water Sewer Expense
1500
Contact - Listing ID 6429989
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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