$275,000
Phoenix, AZ 85029
MLS# 5756681
Status: Closed
1 / 6
Property Description
This is a wonderful opportunity for various kinds of investors. This 4 plex provides strong cash flow, operational stability, rental rate upside potential, and value-add components. This 4 plex runs very smoothly and the tenancy has been professionally placed and managed.
Details
Maps
Contract Info
Current Price: $275,000
Sold Price: $275,000
Status: Closed
List Date: 2018-04-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L33
House Number: 2032
Compass: W
Street Name: CACTUS
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5518
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PT S2 SE4 SE4 SEC 13 DAF BEG SE COR SD W2 SE4 SE4 TH W 255.5F TH N 322.01F TO POB TH N 94F TH E 102.
Assessor's Map #: 4
Assessor's Parcel #: 22
Add'l Parcels: No
Assessor Number: 149-04-022
Legal: PT S2 SE4 SE4 SEC 13 DAF BEG SE COR SD W2 SE4 SE4 TH W 255.5F TH N 322.01F TO POB TH N 94F TH E 102.
Census Tract: 103900
Tax Municipality: Maricopa - COUNTY
Taxes: 1538.76
Tax Year: 2016
Marketing Name: Garden Villas 4-plex
General Property Description
Lot Size Dimensions: 94X102
Year Built: 1963
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 19th Avenue & Cactus Road
Directions: From 19th Avenue, head West. Garden Villas is on the North side of the Street.
Geo Lat: 33.597524
Geo Lon: -112.102382
Status Change Info
Status Change Date: 2018-05-31
Off Market Date: 2018-05-07
Under Contract Date: 2018-04-28
Close of Escrow Date: 2018-05-30
Sold Price: $275,000
Legal Info
Township: 3N
Range: 2E
Section: 13
Income & Expenses
Owner Association: No
Operating Exp: 1538.76
Net Operating Income: 18402.98
Pmt & Rate Info
Cap Rate: 6.82
Equity: 269900
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 725
Avg SqFt: 900
# Baths: 1
Sold Info
Loan Type: Conventional
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Rolled
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma
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: Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: May - 31 - 2018
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