Listing ID6486514
Sold For$499,000
StatusClosed
Sold Date1/27/2023
CountyMaricopa
SubdivisionEAST GRIER PLACE
Year Built2006
Property TypeMultiple Dwellings
Duplex with two three bedroom two bath units. Both are rented with stable tenants. Both units were completely updated in 2020. Covered and open parking for both units.
Great location close to downtown.
Tenant Leases through Dec 2022 and Jan 2023.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
EAST GRIER PLACE
Year Built
2006
Zoning
RES
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1090
Cooling
Heat Pump, Electric
Cooling
yes
Heating
Heat Pump, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
North on 15th Ave to West (Left) on Tonto St. Property is on South (left) side of street.
Elementary School
Mary Mcleod Bethune School
Elementary School District
Phoenix Elementary District
General Property Description Elementary School
Mary Mcleod Bethune School
General Property Description Elementary School District2
Phoenix Elementary District
General Property Description High School
Bicentennial South School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Paul Dunbar Lawrence School
High School
Bicentennial South School
High School District
Phoenix Union High School District
Middle Or Junior School
Paul Dunbar Lawrence School
Postal City
Phoenix
Township
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block
Covered Spaces
2
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
6421
General Property Description Total # of Units
2
General Property Description Uncvrd Parking Spcs
2
Lot Size Dimensions
6421
Number Of Buildings
1
Number Of Units Total
2
Open Parking Spaces
2
Parking Carport
1
Parking Features
Paved Parking, Add'l Parking Avail, 1 Space/Unit, Common
Parking Total
4
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
7
3 Bedrooms Units Avg Rent
1595
Cap Rate
5.24
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Electric Expense
75
Gardener Expense
1457.5
Gross Income
37131.6
Gross Scheduled Income
38280
Insurance Expense
612
Listing Terms
Conventional, FHA, VA Loan
Maintenance Expense
1546
Net Operating Income
28839.5
Operating Expense
9449.5
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
3336
Tax Annual Amount
1223
Tax Block
3
Tax Book Number
112.00
Tax Lot
13
Tax Year
2022
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
1200
Contact - Listing ID 6486514
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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