Listing ID6513600
Sold For$442,400
StatusClosed
Sold Date5/01/2023
CountyMaricopa
SubdivisionPIEDMONT
Year Built1959
Property TypeMultiple Dwellings
Two houses on one lot. The front unit is a 3 bed/1.5 bath unit and the back unit is a 2 bed/1 bath unit.This property is located near the John C Lincoln Hospital corridor, Sunnyslope School District, and a bus stop just south which provides easy transport across the city. 2 SFR homes with separate drives, separate laundry, and private yards. The front unit has a long term tenant on a month-to-month lease at $1300/month. The back house has been remodeled with dual pane windows, new plumbing, new bathroom, and new kichen. The back house is rented for $1600/month on a month-to-month lease. Lots of upside on the front three bedroom house. Water/sewer/trash runs in the ballpark of $175/month. Tenants pay all other utilities.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
PIEDMONT
Year Built
1959
Zoning
R1-6
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
750
3 Bedrooms Units # Baths
15
3 Bedrooms Units Avg SqFt
1200
Cooling
yes
Flooring
Ceramic Tile, Vinyl
Heating
yes
Country
US
Directions
N on 3rd, W on Carol to property
Elementary School District
Washington Elementary District
General Property Description Elementary School District2
Washington Elementary District
General Property Description High School District
Glendale Union High School District
High School District
Glendale Union High School District
Postal City
Phoenix
Township
3N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Block, Frame - Wood
Covered Spaces
1
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
60 x 139
General Property Description Total # of Units
2
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
60 x 139
Number Of Buildings
1
Number Of Units Total
2
Open Parking Spaces
4
Parking Carport
1
Parking Features
Street Parking, Common
Parking Total
5
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
29
2 Bedroom Units Avg Rent
1600
3 Bedrooms Units Avg Rent
1900
Cap Rate
7.33
Disclosures
Seller Prop Disc Stm
Gross Income
42000
Gross Scheduled Income
42000
Insurance Expense
1500
Listing Terms
Conventional, FHA, VA Loan
Maintenance Expense
1800
Net Operating Income
34800
Operating Expense
6421
Owner Pays
Trash Collection, Water, Sewer
Tax Annual Amount
1021
Tax Book Number
159.00
Tax Lot
12
Tax Year
2022
Tenant Pays
Gas, Electricity, Cable TV
Water Sewer Expense
2100
Contact - Listing ID 6513600
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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