$225,000
Phoenix, AZ 85009
MLS# 5712681
Status: Closed
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Property Description
Low maintenance/turnkey 4-lex with modern electric/plumbing/stucco and low maintenance desertscape. Owner has done all major upgrades. This is not your typical 4-plex. This is owner managed and maintained. It is NOT your typical ''professionally mismanaged'' property, as I call them. Here is your cash cow/armchair investment. Easy access to all freeways. Fenced and secure property w/Large parking. Steady returns and income are yours HERE!
Details
Maps
Documents
Contract Info
Current Price: $225,000
Sold Price: $225,000
Status: Closed
List Date: 2018-01-22
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q33
House Number: 4002
Compass: W
Street Name: TONTO
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 5300
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 23 BLOCK 5 HOMEDALE 13 TO 18 MCR 003112
Subdivision: HOMEDALE 13 TO 18
Assessor's Map #: 19
Assessor's Parcel #: 117
Add'l Parcels: No
Assessor Number: 106-19-117
Legal: LOT 23 BLOCK 5 HOMEDALE 13 TO 18 MCR 003112
Census Tract: 114600
Tax Municipality: Maricopa - COUNTY
Taxes: 464
Tax Year: 2017
Marketing Name: Homedale Homerun 4-Plex
General Property Description
Lot Size Dimensions: 6850
Year Built: 1981
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: M-M, R-3
Elementary School District: Riverside Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: S 40th Ave and Tonto
Directions: I-10- and 35th av.
South to either Grant/Sherman or Buckeye.
West to 39th ave south to Tonto.
From Buckeye please go north on 39th or 40th ave. Subject is on the NWC of 40th av & Tonto.
Clean property
Geo Lat: 33.439101
Geo Lon: -112.145578
Status Change Info
Status Change Date: 2018-04-27
Off Market Date: 2018-03-16
Under Contract Date: 2018-03-13
Close of Escrow Date: 2018-04-26
Sold Price: $225,000
Legal Info
Township: 1N
Range: 2E
Section: 10
Block: 5
Lot Number: 23
Income & Expenses
Annual Ins Exp: 1000
Annual Maint Exp: 1500
Annual Mgmt Exp: 2000
Annual Wtr/Swr Exp: 2100
Owner Association: No
Operating Exp: 7064
Gross Annual Sch Inc: 26009
Vacancy Allowance: 0.05
Adjusted Gross Inc: 24708.55
Net Operating Income: 17428.9
Pmt & Rate Info
Cap Rate: 7.29
Equity: 239000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 538
Avg SqFt: 390
# Baths: 1
Contact Info
List Agent Home Phn: 602-265-6617
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner; 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: VA; FHA; Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Unbranded Flyer 
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: April - 27 - 2018
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