$169,000
4516 N 8TH Place
Phoenix, AZ 85014
MLS# 5793373
Status: Closed



4516 N 8TH Place, Phoenix, AZ 85014
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Property Description
OWNER WANTS SOLD YESTERDAY!! This property could function as an owner occupant on one side as one unit is month to month, the other unit has a new 12 month lease in place. The rent can help offset your mortgage payment! And talk about LOCATION, these little babies are in a prime Phoenix location. If you keep both tenants you can collect income while making redevelopment plans in this constantly evolving area. Units are separately metered and both are occupied by longtime residents. Homes in this area are rapidly appreciating - don't miss the boat! There is no sign on the property, this is a drive by only, please do not disturb tenants in place. Owner pays water/trash, tenants pay for power, cable TV/internet. Access upon executed contract only for inspections. VERY MOTIVATED SELLER!

Details
Maps
Contract Info
Current Price: $169,000
Sold Price: $169,000
Status: Closed
List Date: 2018-07-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 4516
Compass: N
Street Name: 8TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 3815
Country: USA
County Code: Maricopa
Legal Description (Abbrev): MINNEZONA AMD PT LOT 5 N 40' BLK 6
Subdivision: MINNEZONA AMD
Assessor's Map #: 20
Assessor's Parcel #: 49
Add'l Parcels: No
Assessor Number: 155-20-049
Legal: LOT 5 BLOCK 6 MINNEZONA AMD MCR 001718
Census Tract: 108602
Tax Municipality: Phoenix
Taxes: 440
Tax Year: 2017
Marketing Name: Minnezona
General Property Description
Lot Size Dimensions: 40X128
Year Built: 1939
Total # of Units: 2
# of Buildings: 1
Zoning: R
Elementary School: Madison Camelview Elementary
Jr. High School: Madison Park School
High School: North High School
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th Street & Camelback
Directions: Head South on 7th to Minnezona, turn East to 8th Place, turn South and it's the second lot on your right.
Geo Lat: 33.502597
Geo Lon: -112.063144
Status Change Info
Status Change Date: 2018-11-17
Off Market Date: 2018-10-25
Under Contract Date: 2018-10-08
Close of Escrow Date: 2018-11-16
Sold Price: $169,000
Legal Info
Township: 2N
Range: 3E
Section: 21
Block: 6
Lot Number: 5
Income & Expenses
Annual Ins Exp: 608
Annual Maint Exp: 500
Annual Mgmt Exp: 1104
Owner Association: No
Annual Other Expense: 1000
Operating Exp: 3652
Vacancy Allowance: 0.05
Totl Mnth Rntal Inc: 1075
Net Operating Income: 8948
Pmt & Rate Info
Cap Rate: 5.11
Equity: 175000
Efficiency Units
# Efficiency Units: 1
Avg Rent: 500
Avg SqFt: 500
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 550
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 2250
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Block; Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Amenities: Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer
Cooling: Electric; Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; Street Parking
Roads/Streets: Asphalt; Alley
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV; Landscaping
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Existing 1st Loan: Private
Existing 1st Ln Type: Adjustable/Graduated
Existing 1st Ln Trms: Non Assumable; Not Applicable
Existing 2nd Loan: Other (See Remarks)
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; 1031 Exchange; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Gary Call Real Estate

Last Updated: March - 08 - 2023

4516 N 8TH Place, Phoenix, AZ 85014 - MLS# 5793373
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