$336,500
Phoenix, AZ 85013
MLS# 5749675
Status: Closed
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Property Description
Back on Market, and ''HUGE'' PRICE DROP! Buyers Loan Denied! Property in a Landlord and Tenants Dream Location! Positioned on a Quiet Street in the Much Sought After Melrose District in Central Phoenix. This Camelback Corridor Neighborhood is On Fire with Walkable Access to Numerous Vibrant and Exciting Restaurants, Shops & a Quick Light Rail Trip to the Downtown Entertainment District. 3 Bed 2 Bath House in front and a Duplex w/Two 1 Bedroom Units on the Back of the Lot. These units are Always Occupied! Fresh Exterior Paint and Security Doors on Each Unit. Fresh 2 Tone Interior Paint, Newer Carpet, New Interior Doors, Blinds, Fans, Light Fixtures and the list goes on! Whether you enjoy Vintage, Antique or Retro you will find it in this cool and vibrant community
Details
Maps
Contract Info
Current Price: $336,500
Sold Price: $336,500
Status: Closed
List Date: 2018-04-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 733
Compass: W
Street Name: COOLIDGE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2482
Country: USA
County Code: Maricopa
Legal Description (Abbrev): INCOME ACRES E2 N2 OF TR 12
Subdivision: INCOME ACRES
Assessor's Map #: 37
Assessor's Parcel #: 21
Add'l Parcels: No
Assessor Number: 155-37-021
Legal: INCOME ACRES E2 N2 OF TR 12
Census Tract: 108902
Tax Municipality: Phoenix
Taxes: 1088
Tax Year: 2017
Marketing Name: Income Acres
General Property Description
Lot Size Dimensions: 135' x 65'
Year Built: 1965
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 2
Zoning: R3
Elementary School: Other
Jr. High School: Other
High School: Other
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th Ave. & Camelback
Directions: From Camelback South on 7th Ave. Right/West on Coolidge St, Property on left
Geo Lat: 33.504571
Geo Lon: -112.084834
Status Change Info
Status Change Date: 2018-09-13
Off Market Date: 2018-09-13
Under Contract Date: 2018-08-23
Close of Escrow Date: 2018-09-12
Sold Price: $336,500
Legal Info
Township: 2N
Range: 3E
Section: 19
Block: 4000
Lot Number: TBD
Income & Expenses
Annual Ins Exp: 1200
Annual Maint Exp: 1500
Annual Mgmt Exp: 1199
Annual Wtr/Swr Exp: 1500
Owner Association: No
Operating Exp: 6487
Gross Annual Sch Inc: 29976
Other Income: 400
Vacancy Allowance: 0.03
Adjusted Gross Inc: 29464.72
Totl Mnth Rntal Inc: 2498
Net Operating Income: 22990
Pmt & Rate Info
Cap Rate: 6.78
Equity: 339000
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 749
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 950
# Baths: 2
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: %
Seller Concession to Buyer: 2
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Partially Fenced; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Other (See Remarks)
Heating: Individual
Cooling: Ceiling Fan(s); Electric
Water: Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas
Parking: Carport; 1 Space/Unit; Free; Paved Parking; Other (See Remarks)
Roads/Streets: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Unknown; Other (See Remarks)
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; No Carry
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Keller Williams Arizona Realty
Last Updated: February - 17 - 2023
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