Listing ID6436668
Sold For$866,000
StatusClosed
Sold Date9/29/2022
CountyMaricopa
SubdivisionMISSION VIEJO SECTION 3
Year Built1972
Property TypeMultiple Dwellings
Very well managed and maintained fourplexes . All 2/1 units at $875 to 900 per month with room to raise those rents around $350 or more per door. All leases are current, long term tenants, and most ( 9 or 10 of the 12 across all three buildings) leases are up in Sept/Oct . Do not disturb tenants. 1 Vacant Unit recently rehabbed can be rented for 1250+.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MISSION VIEJO SECTION 3
Year Built
1972
Zoning
Multi
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
660
Cooling
Individual, Electric
Cooling
yes
Heating
Individual, Natural Gas
Heating
yes
Community Features
See Remarks, No Pool
Country
US
Directions
North on 16th Street to Orangewood, West/Left on Orangewood to 14th Street. Then take a quick right/North and a quick left/West onto Vista Ave. Building on the South Side of the Road.
Elementary School
Madison Elementary School
Elementary School District
Madison Elementary District
General Property Description Elementary School
Madison Elementary 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 Heights Elementary School
High School
North High School
High School District
Phoenix Union High School District
Middle Or Junior School
Madison Heights Elementary School
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Block
Covered Spaces
4
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
136 x 75
General Property Description Total # of Units
4
Lot Size Dimensions
136 x 75
Number Of Buildings
1
Number Of Units Total
4
Parking Carport
1
Parking Features
1 Space/Unit, Common
Parking Total
4
Road Surface Type
Asphalt
Roof
Built-Up
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
4
2 Bedroom Units Avg Rent
900
Cap Rate
3.9
Current Financing
Not Applicable
Disclosures
None
Gross Income
43200
Gross Scheduled Income
43200
Listing Terms
No Carry, CTL, Conventional
Net Operating Income
39000
Operating Expense
1659
Owner Pays
Other, Trash Collection, Water, Sewer
Tax Annual Amount
1659
Tax Book Number
160.00
Tax Lot
10
Tax Year
2021
Tenant Pays
Gas, Electricity, Cable TV
Contact - Listing ID 6436668
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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