Listing ID6490501
Sold For$599,000
StatusClosed
Sold Date2/09/2023
CountyMaricopa
SubdivisionBEALL PARK 2
Year Built1981
Property TypeMultiple Dwellings
RARE OPPORTUNITY. Rents are currently way below market in this very attractively priced 4 plex. EASY FLIP. All units are 2 bed/ 1 bath, 750 SQFT. Pricing reflects sellers desire for quick close. All non tenant owned appliances go with property. Utility room with laundry seperately metered for electricty.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
BEALL PARK 2
Year Built
1981
Zoning
RM-4
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
750
Cooling
Central A/C
Cooling
yes
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
From US-60 go north on north on AZ-87/ S Country Club Drive. Turn east on W Southern Ave. Turn left onto S Macdonald and then an immediate right down the alley. Subject property is 2nd on right.
Elementary School
Lincoln Elementary School
Elementary School District
Mesa Unified District
General Property Description Elementary School
Lincoln Elementary School
General Property Description Elementary School District2
Mesa Unified District
General Property Description High School
East Valley Academy
General Property Description High School District
Mesa Unified District
General Property Description Jr High School
Carson Junior High School
High School
East Valley Academy
High School District
Mesa Unified District
Middle Or Junior School
Carson Junior High School
Postal City
Mesa
Township
1N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Stucco, Frame - Metal, Frame - Wood
Electric
SRP
General Property Description # of Buildings
1
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
97.48' x 69.43
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
97.48' x 69.43
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Features
>1 Space Per Unit
Parking Total
4
Road Surface Type
Asphalt, Alley
Roof
Built-Up
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
5E
Public Survey Section
27
2 Bedroom Units Avg Rent
658.33
Cap Rate
7.81
Disclosures
Seller Prop Disc Stm
Electric Expense
240
Gross Income
54720
Gross Scheduled Income
57600
Insurance Expense
1260
Listing Terms
Conventional, 1031 Exchange, FHA
Maintenance Expense
2736
Net Operating Income
46779
Operating Expense
7941
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
945
Tax Book Number
139.00
Tax Lot
43
Tax Year
2022
Tenant Pays
Electricity
Trash Expense
360
Water Sewer Expense
2400
Contact - Listing ID 6490501
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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