$295,000
Phoenix, AZ 85006
MLS# 5711301
Status: Closed
1 / 4
Property Description
This is a great 4-plex in the middle of a family neighborhood. Great ROI! Close to shopping including Ranch Market for groceries. Also there are many restaurants, public transportation and access to down town. Strong tenant base. There was a complete remodel including both roofs, some windows, as well as sheet rock freshening and paint 2016.
Details
Maps
Contract Info
Current Price: $295,000
Sold Price: $295,000
Status: Closed
List Date: 2018-01-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1510
Compass: E
Street Name: PIERCE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3551
Country: USA
County Code: Maricopa
Legal Description (Abbrev): WALLACE TRACT
Subdivision: Wallace Tract
Assessor's Map #: 19
Assessor's Parcel #: 178
Add'l Parcels: No
Assessor Number: 116-19-178
Legal: LOT 1 BLOCK 1 WALLACE TRACT MCR 000604
Census Tract: 113201
Tax Municipality: Phoenix
Taxes: 1320
Tax Year: 2017
Marketing Name: uknown
General Property Description
Lot Size Dimensions: 50 x 137
Year Built: 1983
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 2
Zoning: [R-4] Multiple
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 16th St & Pierce St
Directions: From 16th & Roosevelt go south on 16th to Pierce. Turn right on Pierce and look for the property on the right.
Geo Lat: 33.456062
Geo Lon: -112.049412
Status Change Info
Status Change Date: 2018-03-01
Off Market Date: 2018-03-01
Under Contract Date: 2018-01-23
Close of Escrow Date: 2018-02-28
Sold Price: $295,000
Legal Info
Township: 1N
Range: 3E
Section: 4
Lot Number: 1
Income & Expenses
Annual Ins Exp: 1000
Annual Landscape Exp: 600
Annual Maint Exp: 1500
Annual Mgmt Exp: 4800
Annual Wtr/Swr Exp: 2300
Owner Association: No
Operating Exp: 11520
Gross Annual Sch Inc: 26700
Vacancy Allowance: 0.1
Adjusted Gross Inc: 24030
Totl Mnth Rntal Inc: 2200
Net Operating Income: 13500
Pmt & Rate Info
Cap Rate: 4.52
Equity: 299000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 500
Avg SqFt: 615
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Metal
Const - Finish: Painted; Siding
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Personal Property
Community Amenities: Play Area
Exterior Amenities: Partially Fenced
Interior Amenities: Unfurnished; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Alley
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: July - 20 - 2022
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