For more information on this property,
contact Michael Bohlman at 480-797-3800 or mbohlman@outlook.com
1420
E
BROWN Street,
Phoenix,
Arizona
AZ
85020-1886
Sold For: $804,000
Listing ID 6474344
Status Closed
Year Built 1985
Property Description:
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!
Primary Features
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
Interior
2 Bedroom Units # Baths:
4
2 Bedroom Units Avg SqFt:
840
Cooling:
yes
Flooring:
Ceramic Tile
Heating:
yes
Location
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
External
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
Additional
Buyer Agency Compensation:
3.00
Mls Status:
Closed
Public Survey Range:
3E
Public Survey Section:
28
Financial
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
Zoning Info
Contact - Listing ID 6474344
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
