Listing ID6525020
Sold For$950,000
StatusClosed
Sold Date6/23/2023
CountyMaricopa
SubdivisionMCDOWELL MANORS
Year Built1971
Property TypeMultiple Dwellings
Remodeled 4 plex near the Coronado Historic District on a large 11,614 sqft lot. All units are 2 bedroom 1 bath, two of the units have private patios. Covered parking and guest parking, large yard with BBQ area, owned community laundry. Near arts districts, midtown, downtown, all of the new restaurants, bars, shopping, dining and more! Current leases: unit 1 $1295, unit 2 $1350, unit 3 $1250 unit 4 $1250, all plus admin/pm fees & taxes
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MCDOWELL MANORS
Year Built
1971
Zoning
R-3
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
690
Cooling
Individual, Electric
Cooling
yes
Heating
Individual, Natural Gas
Heating
yes
Community Features
See Remarks
Country
US
Elementary School
Creighton Elementary School
Elementary School District
Creighton Elementary District
General Property Description Elementary School
Creighton Elementary School
General Property Description Elementary School District2
Creighton Elementary District
General Property Description High School
North High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Creighton Elementary School
High School
North High School
High School District
Phoenix Union High School District
Middle Or Junior School
Creighton Elementary School
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Block
Covered Spaces
4
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
11,614 sf
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
11,614 sf
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Assigned
1
Parking Carport
1
Parking Features
None, Assigned, Add'l Parking Avail, Street Parking, Common
Parking Total
8
Road Surface Type
Asphalt
Roof
Built-Up, Foam
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
34
2 Bedroom Units Avg Rent
1100
Cap Rate
3.69
Current Financing
Not Applicable
Disclosures
None, Seller Prop Disc Stm
Gross Income
52650
Gross Scheduled Income
52650
Listing Terms
No Carry, Conventional, 1031 Exchange, FHA, VA Loan
Net Operating Income
36700
Operating Expense
1379
Owner Pays
Other, Trash Collection, Water, Landscaping
Tax Annual Amount
1379
Tax Block
4
Tax Book Number
117.00
Tax Lot
7
Tax Year
22
Tenant Pays
Electricity, Cable TV
Contact - Listing ID 6525020
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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