Listing ID6465523
Sold For$730,000
StatusClosed
Sold Date3/13/2023
CountyMaricopa
SubdivisionCOTTONWOOD ESTATES UNIT 1 LOT 1-12
Year Built1986
Property TypeMultiple Dwellings
Fantastic investment opportunity to own a 4plex in Surprise. One building with four two-bedroom units, two units recently renovated - one unit currently unoccupied. Units remodeled include LVP flooring, white shaker cabinets, stainless appliances and fixtures. Roof replaced in 2019, low yearly expenses. Apt 1 has new 6 month old AC unit.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
COTTONWOOD ESTATES UNIT 1 LOT 1-12
Year Built
1986
Zoning
R-3
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
750
Cooling
Electric
Cooling
yes
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
EAST TO RH JOHNSON / NASH AND SOUTH ON NASH TOWARDS AMY DR
Elementary School
Dysart Elementary School
Elementary School District
Dysart Unified District
General Property Description Elementary School
Dysart Elementary School
General Property Description Elementary School District2
Dysart Unified District
General Property Description High School
Dysart High School
General Property Description High School District
Dysart Unified District
General Property Description Jr High School
Dysart Middle School
High School
Dysart High School
High School District
Dysart Unified District
Middle Or Junior School
Dysart Middle School
Postal City
Surprise
Township
3N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
112*34
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
112*34
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Features
1 Space/Unit
Parking Total
4
Road Surface Type
Gravel
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
1W
Public Survey Section
2
2 Bedroom Units Avg Rent
1400
Cap Rate
7.18
Disclosures
None
Gross Income
61560
Gross Scheduled Income
64800
Listing Terms
Conventional
Net Operating Income
61000
Operating Expense
809
Owner Pays
Trash Collection, Water
Tax Annual Amount
809
Tax Book Number
501.00
Tax Lot
6
Tax Year
2022
Tenant Pays
Electricity, Cable TV
Contact - Listing ID 6465523
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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