Listing ID6459973
Sold For$625,000
StatusClosed
Sold Date11/30/2022
CountyMaricopa
SubdivisionNORTHERN LANAI UNIT 1
Year Built1974
Property TypeMultiple Dwellings
Northern Lanai Offers Great Shopping and Transportation and a Almost Always Rented Investment. High Demand Three Bedroom Unit and Three Two Bedroom Units. A Garage Space for Each Unit. Community Pool, Lush Landscaping Taken Care of By The HOA. Lots of Room to Raise Rents. Good Cash Flow Turnkey Fourplex. All Facts and Figures Approximate, Buyer to Verify All Information.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
NORTHERN LANAI UNIT 1
Year Built
1974
Zoning
MULTI
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
900
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1200
Cooling
Individual, Electric
Cooling
yes
Heating
Individual
Heating
yes
Community Features
Pool
Country
US
Directions
North On 33rd Ave, West on Harmont Past the Pool. Property on South Side of Street.
Elementary School District
Washington Elementary District
General Property Description Elementary School District2
Washington Elementary District
General Property Description High School District
Glendale Union High School District
High School District
Glendale Union High School District
Postal City
Phoenix
Township
3N
Water Source
City Franchise
Construction Materials
Stucco, Frame - Wood
Covered Spaces
4
Electric
SRP
Garage
yes
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 Garage
1
Parking Total
8
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
2E
Public Survey Section
35
2 Bedroom Units Avg Rent
981
3 Bedrooms Units Avg Rent
1299
Cap Rate
5.53
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Gardener Expense
600
Gross Income
48655.2
Gross Scheduled Income
51216
Insurance Expense
2185
Listing Terms
Conventional, VA Loan
Maintenance Expense
2400
Net Operating Income
36219
Operating Expense
12436
Owner Pays
Water, Sewer, Landscaping
Tax Annual Amount
2091
Tax Book Number
150.00
Tax Lot
20
Tax Year
2021
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
3600
Contact - Listing ID 6459973
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
