$1,680,000
Phoenix, AZ 85008
MLS# 6698244
1 / 42
Property Description
Wonderful Opportunity! Multi Family Dwelling which includes Three Buildings with Two Units Per Building for a Total of Six Units. Each Unit is approximately 1200 Sq Ft and comes with 2 Bedrooms / 2 Bathrooms. Exterior Building was painted in June of 2023 and Interior of Units have new paint also. Property also includes 4 newer AC Units and the other two are approximately 10 Years of age. Roof was replaced with 40 Year Shingles 5 Years Ago. Property also includes a very spacious parking area for Tenants and Guest. Parcels # 121-76-050-B and 121-76-050-C are being sold together. Both Lots have their own lot dimensions per plat records. Prime Location: Enjoy the convenience of urban living with close proximity to downtown Phoenix, trendy restaurants, shopping centers, parks, & major freeways
Details
Maps
Contract Info
Current Price: $1,680,000
List Price: $1,680,000
Status: Active
List Date: 2024-04-29
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1002
Compass: N
Street Name: 27TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4979
Country: USA
County Code: Maricopa
Legal Description (Abbrev): DEL REY MCR 14/5 LOT 119 E2 EX N 39F & EX E 25F RD & EX 12F RAD CUR D/P 84 122916
Subdivision: DEL REY LOTS 101-140
Assessor's Map #: 76
Assessor's Parcel #: 50
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 121-76-050-C
Legal: DEL REY MCR 14/5 LOT 119 E2 EX N 39F & EX E 25F RD & EX 12F RAD CUR D/P 84 122916
Census Tract: 113501
Tax Municipality: Phoenix
Taxes: 1605
Tax Year: 2022
Marketing Name: Del Rey Lots 101-140
General Property Description
Lot Size Dimensions: Unknown
Year Built: 1983
Uncvrd Parking Spcs: 15
Total # of Units: 6
# of Buildings: 3
Zoning: Multi-Family
Flood Zone: No
Elementary School: Creighton Elementary School
Jr. High School: Gateway School
High School: Camelback High School
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 24th St and Roosevelt
Directions: 202 to 24th Street, South to Roosevelt, East to 27th Place. Property is located on the NW Corner of 27th Place and Roosevelt.
Geo Lat: 33.458757
Geo Lon: -112.022936
Status Change Info
Status Change Date: 2024-04-29
Legal Info
Township: 1N
Range: 3E
Section: 2
Lot Number: 119
Income & Expenses
Annual Ins Exp: 1000
Annual Trash Exp: 2400
Annual Wtr/Swr Exp: 4800
Owner Association: No
Operating Exp: 9805
Gross Annual Sch Inc: 86400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 82080
Net Operating Income: 72275
Pmt & Rate Info
Cap Rate: 4.3
Equity: 1680000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Satellite Dish; Cable TV Available; TV Antenna
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Disposal; Microwave; W/D Hookup
Heating: 2 or More Units
Cooling: Electric; 2 or More Units
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; City Electric; Individual Meter
Gas: None
Parking: >1 Space Per Unit; Add'l Parking Avail
Roads/Streets: Asphalt; Concrete; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Seller May Carry
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Kristopher Realty
Last Updated: April - 29 - 2024
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