$1,690,000
Phoenix, AZ 85006
MLS# 6138547
Status: Closed
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Property Description
Two separate 4-plex parcels.This asset offers a truly turnkey ownership experience with top rents. All are 1-bed/1-bath apartments with individual electric meters. The property has undergone extensive remodeling, and features newer roofs, all new ACs, plumbing and electric fixtures, tub surrounds, polished concrete floors, modern cabinetry, upgraded counter tops, interior and exterior paint, insulated low energy windows, doors, and lush modern desert landscaping. All units have separate private patios in the rear and gated front patios. All have individual washer/dryers. ----Bulk sale: 116-27-040 sold for $845,000. 116-27-041 sold for $845,000----
Details
Maps
Contract Info
Current Price: $1,690,000
Sold Price: $1,690,000
Status: Closed
List Date: 2020-09-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1017-1021
Compass: E
Street Name: MCKINLEY
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3285
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 78 HIGHLAND ADD. LOTS 93-102 MCR 000235
Subdivision: HIGHLAND ADD. LOTS 93-102
Assessor's Map #: 27
Assessor's Parcel #: 40
Add'l Parcels: Yes
Assessor Number: 116-27-040
Legal: LOT 78 HIGHLAND ADD. LOTS 93-102 MCR 000235
Census Tract: 113202
Tax Municipality: Phoenix
Taxes: 1075
Tax Year: 2020
Marketing Name: Garfield Cpurt
General Property Description
Lot Size Dimensions: Irr
Year Built: 1984
Uncvrd Parking Spcs: 10
Total # of Units: 8
# of Buildings: 2
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Roosevelt & 7th St
Directions: South on 7th St, East On McKinley
Geo Lat: 33.456485
Geo Lon: -112.059833
Status Change Info
Status Change Date: 2021-05-20
Off Market Date: 2021-05-20
Under Contract Date: 2021-04-09
Close of Escrow Date: 2021-05-19
Sold Price: $1,690,000
Legal Info
Township: 1N
Range: 3E
Section: 4
Lot Number: 78
Income & Expenses
Owner Association: No
Operating Exp: 1075
Pmt & Rate Info
Equity: 1800000
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1036
Avg SqFt: 481
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Concrete
Sale Includes: Building(s) Only; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Street Parking; >1 Space Per Unit; Paved Parking
Roads/Streets: Asphalt; Sidewalk(s); Alley
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
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; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: REI Marketing
Last Updated: July - 21 - 2021
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