$280,000
Phoenix, AZ 85006
MLS# 5778288
Status: Closed
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Property Description
Excellent investment opportunity in the highly desired Garfield historic district. Cash flowing du-plex, recently renovated on a large lot. Zoning is multi family and allows for up to 3 units. Buy for future development, owner occupy, or take advantage of existing rents for a great ROI.
Details
Maps
Contract Info
Current Price: $280,000
Sold Price: $280,000
Status: Closed
List Date: 2018-06-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1117
Compass: E
Street Name: GARFIELD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3239
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 38 SUNNYSIDE TRACT MCR 000237
Subdivision: SUNNYSIDE TRACT
Assessor's Map #: 27
Assessor's Parcel #: 182
Add'l Parcels: No
Assessor Number: 116-27-182
Legal: LOT 38 SUNNYSIDE TRACT MCR 000237
Census Tract: 113202
Tax Municipality: Phoenix
Taxes: 511
Tax Year: 2017
Marketing Name: Garfield
General Property Description
Lot Size Dimensions: 6875
Year Built: 1926
Total # of Units: 2
# of Buildings: 2
Zoning: R-3
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7TH St Roosevelt
Directions: East on Roosevelt, South on 11th, East on Garfield.
Geo Lat: 33.457455
Geo Lon: -112.058081
Status Change Info
Status Change Date: 2019-04-11
Off Market Date: 2019-04-11
Under Contract Date: 2019-03-06
Close of Escrow Date: 2019-04-10
Sold Price: $280,000
Legal Info
Township: 1N
Range: 3E
Section: 4
Lot Number: 38
Income & Expenses
Annual Ins Exp: 1200
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 4111
Vacancy Allowance: 0.05
Totl Mnth Rntal Inc: 2100
Net Operating Income: 21089
Pmt & Rate Info
Cap Rate: 5.62
Equity: 375000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 568
# Baths: 1
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: Duplex; Other (See Remarks)
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: BI Oven/Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Natural Gas
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking: >1 Space Per Unit; Other (See Remarks)
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Landscaping
Source of Fincl Data: Provided by Owner
Special: Economic Redevelopment Zone
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: CTL; VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: January - 14 - 2020
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