$995,000
Phoenix, AZ 85006
MLS# 6683188
1 / 11
Property Description
The Repp in Garfield is comprised of two single family homes and one duplex built in 1965, 1968, and 1996. The community consists of (1) large 2-bed / 2-bath home and (3) studio units. In 2023 the property underwent extensive interior and exterior renovations. The exterior renovations consist of all new landscaping, new windows, new sewer line, well-designed private backyards for all units, and much more. The interior renovations consist of all new stainless steel appliance packages, quartz countertops, installation of all new stackable washers and dryers, along with many other improvements. Residents and prospective investors are sure to notice that the Seller paid great attention to detail and spared no expense while rebuilding this property. Ideal for Owner Occupancy.
Details
Maps
Contract Info
Current Price: $995,000
List Price: $995,000
Status: Active
List Date: 2024-03-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1241
Compass: E
Street Name: MCKINLEY
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3458
Country: USA
County Code: Maricopa
Legal Description (Abbrev): ERHARTS SUB
Subdivision: ERHARTS SUB
Assessor's Map #: 24
Assessor's Parcel #: 38
Add'l Parcels: No
Assessor Number: 116-24-038
Legal: ERHARTS SUB
Census Tract: 113201
Tax Municipality: Phoenix
Taxes: 1077
Tax Year: 2023
Marketing Name: The Repp in Garfield
General Property Description
Lot Size Dimensions: 6,738
Year Built: 1965
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.456493
Geo Lon: -112.054687
Status Change Info
Status Change Date: 2024-03-27
Legal Info
Township: 1N
Range: 3E
Section: 4
Lot Number: 14
Income & Expenses
Owner Association: No
Operating Exp: 1077
Gross Annual Sch Inc: 58718
Vacancy Allowance: 0.5
Adjusted Gross Inc: 29359
Net Operating Income: 42058
Pmt & Rate Info
Cap Rate: 4.23
Down Payment %: 30
Monthly Payments: 3309
Equity: 995000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 3
Avg Rent: 945
Avg SqFt: 360
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1995
Avg SqFt: 832
# Baths: 2
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Electric
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: March - 28 - 2024
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