Listing ID6474344
Sold For$804,000
StatusClosed
Sold Date3/29/2023
CountyMaricopa
SubdivisionMOUNTAIN HOME TRACT LOTS 1 THRU 4 15 16 25 THRU 32
Year Built1985
Property TypeMultiple Dwellings
Are you looking for a 6.5% CAP rate? Ask today about current and projected rents for this 4Plex. These kind of properties are hard to find. Nestled between beautiful mountains on a quiet col de sac street, you will find 4 upgraded two bed one bath units. Each unit has been remodeled with tile throughout and new cabinets. The landscaping around the property is very low maintenance and there are two assigned parking spots per unit. Plenty of additional street parking as well. This location offers one of the most sought after high schools in Phoenix, Sunnyslope High. Many people move in to this district for the school alone. North Phoenix. There is one long term lease in place, one vacant unit and 2 expiring leases. Capitalize on this rare opportunity. Call now!
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MOUNTAIN HOME TRACT LOTS 1 THRU 4 15 16 25 THRU 32
Year Built
1985
Zoning
R-3
2 Bedroom Units # Baths
4
2 Bedroom Units Avg SqFt
840
Cooling
yes
Flooring
Ceramic Tile
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Sunridge Elementary School
Elementary School District
Phoenix Elementary District
General Property Description Elementary School
Sunridge Elementary School
General Property Description Elementary School District2
Phoenix Elementary District
General Property Description High School
Sunnyslope High School
High School
Sunnyslope High School
Postal City
Phoenix
Township
3N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
10747
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
8
Lot Size Dimensions
10747
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
8
Parking Features
>1 Space Per Unit, Street Parking
Parking Total
8
Road Surface Type
Asphalt, Sidewalk(s)
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
28
2 Bedroom Units Avg Rent
750
Current Financing
Not Applicable
Disclosures
None
Gross Income
5684
Gross Scheduled Income
5600
Listing Terms
No Carry, Conventional, 1031 Exchange
Operating Expense
1247
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
1247
Tax Book Number
159.00
Tax Lot
19
Tax Year
2022
Tenant Pays
Electricity
Contact - Listing ID 6474344
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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