Listing ID6432898
Sold For$660,000
StatusClosed
Sold Date12/06/2022
CountyMaricopa
SubdivisionMUY FELICES CASAS LT 1-20 TR A-G
Year Built1984
Property TypeMultiple Dwellings
ATTENTION BUYERS - Have you considered the investment strategy of an FHA purchase of a multi-unit building?
ATTENTION INVESTORS - Ask us how to save hundreds on your monthly payment, seller is willing to participate in rate buydown and increase your ROI.
This Fourplex has been very well maintained and has undergone many recent updates. All units are very spacious 2 bedrooms, 2 full bathrooms with a fireplace in all four! Both downstairs units have their own backyard & upstairs units have vaulted ceilings and private balconies!
All appliances are landlord owned and convey with the property. The roof was replaced last year and the exterior was just painted last month. See documents tab for list of updated appliances and HVAC systems/components.
100% occupancy in this building with room to increase rates at renewal time. One unit is expiring in October which makes it ideal for a buyer needing to occupy or the next unit to see an increase in rent.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MUY FELICES CASAS LT 1-20 TR A-G
Year Built
1984
Zoning
R3A
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
807
Cooling
Central A/C, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Central, Electric
Heating
yes
Community Features
Pool
Country
US
Directions
From 19th Ave and Peoria - South on 19th Ave, East on Saguaro to Muy Felices Community. Turn left (north) on 16th Ave, second building on the right.
Elementary School
Shaw Butte School
Elementary School District
Washington Elementary District
General Property Description Elementary School
Shaw Butte School
General Property Description Elementary School District2
Washington Elementary District
General Property Description High School
Greenway High School
General Property Description High School District
Glendale Union High School District
General Property Description Jr High School
Mountain Sky Middle School
High School
Greenway High School
High School District
Glendale Union High School District
Middle Or Junior School
Mountain Sky Middle School
Postal City
Phoenix
Township
3N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Covered Spaces
4
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
68' x 63'
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
68' x 63'
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Carport
1
Parking Features
Paved Parking, Free, 1 Space/Unit, Common
Parking Free
1
Parking Total
8
Road Surface Type
Asphalt, Private Street
Roof
Tile, Foam
Sewer
Sewer-In & Connected, Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
19
2 Bedroom Units Avg Rent
1150
Cap Rate
5.33
Disclosures
Seller Prop Disc Stm
Gross Income
55200
Gross Scheduled Income
55200
Insurance Expense
695
Listing Terms
No Carry, Conventional, 1031 Exchange
Net Operating Income
37336
Operating Expense
12059
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
1711
Tax Book Number
159.00
Tax Lot
17
Tax Year
2021
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
1272
Contact - Listing ID 6432898
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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