Listing ID6505822
Sold For$818,000
StatusClosed
Sold Date4/12/2023
CountyMaricopa
SubdivisionMISSION VIEJO SECTION 2
Year Built1973
Property TypeMultiple Dwellings
Rare to find these 4-plexes available in this coveted neighborhood. Consistently fully rented. Plenty of opportunity to double rents with a little TLC.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MISSION VIEJO SECTION 2
Year Built
1973
Zoning
R3
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
700
Cooling
Central A/C
Cooling
yes
Heating
Heat Pump
Heating
yes
Community Features
No Pool
Country
US
Directions
South on 14th St from Northern. West on Vista to property.
Elementary School
Madison Heights Elementary School
Elementary School District
Madison Elementary District
General Property Description Elementary School
Madison Heights Elementary School
General Property Description Elementary School District2
Madison Elementary District
General Property Description High School
Central High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Madison Richard Simis School
High School
Central High School
High School District
Phoenix Union High School District
Middle Or Junior School
Madison Richard Simis School
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Covered Spaces
4
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
140x76
General Property Description Total # of Units
4
Lot Size Dimensions
140x76
Number Of Buildings
1
Number Of Units Total
4
Parking Carport
1
Parking Features
None, Free, 1 Space/Unit, Street Parking, Common
Parking Free
1
Parking Total
4
Road Surface Type
Alley
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
4
2 Bedroom Units Avg Rent
750
Cap Rate
2.4
Current Financing
Assume - No Qualify
Disclosures
Seller Prop Disc Stm
Fuel Expense
3815
Gross Income
34800
Gross Scheduled Income
34800
Insurance Expense
1804
Listing Terms
Conventional, 1031 Exchange, Owner May Carry
Net Operating Income
20756
Operating Expense
11299
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
2400
Tax Annual Amount
1645
Tax Book Number
160.00
Tax Lot
5
Tax Year
2022
Tenant Pays
Gas, Electricity, Cable TV
Water Sewer Expense
1500
Contact - Listing ID 6505822
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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