$918,000
1301 W WELDON Avenue
Phoenix, AZ 85013
MLS# 6342951
Status: Closed



1301 W WELDON Avenue, Phoenix, AZ 85013
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Property Description
WE L D O N is a 3-unit triplex located just northeast of the 15thAve and Osborn Road intersection in the heart of Midtown Phoenix. Nestled in a residential neighborhood, just across the street from Clarendon Elementary School, the property is less than one and a half miles from Central Avenue. This iconic avenue runs through the center of the Innovation Corridor, one of the largest employment corridors in the state. In addition to more than  171,000 employees and  1,700 companies that call it home, the area is ripe with some of the most popular entertainment and dining options in the valley. Developed in 1949, Weldon is comprised of a one-bedroom unit covering 600 square feet, as well as two two-bedroom units offering 790 square feet each . Future ownership will have the opp

Details
Maps
Contract Info
Current Price: $918,000
Sold Price: $918,000
Status: Closed
List Date: 2022-01-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 1301
Compass: W
Street Name: WELDON
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 5603
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1 BLOCK 2 CLARENDON SQUARE MCR 004134
Subdivision: CLARENDON SQUARE
Assessor's Map #: 14
Assessor's Parcel #: 21
Add'l Parcels: No
Assessor Number: 110-14-021
Legal: LOT 1 BLOCK 2 CLARENDON SQUARE MCR 004134
Census Tract: 110400
Tax Municipality: Phoenix
Taxes: 1259
Tax Year: 2021
Marketing Name: Weldon
General Property Description
Lot Size Dimensions: 130x60x112x42
Year Built: 1949
Total # of Units: 3
# of Buildings: 1
Zoning: R-3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 13th Ave & Indian School Rd
Directions: From cross streets, south to Weldon Ave, property is on SW Corner of 13th Ave & Weldon
Geo Lat: 33.490121
Geo Lon: -112.089318
Status Change Info
Status Change Date: 2022-04-01
Off Market Date: 2022-01-24
Under Contract Date: 2022-01-22
Close of Escrow Date: 2022-03-31
Sold Price: $918,000
Legal Info
Township: 2N
Range: 3E
Section: 30
Block: 2
Lot Number: 1
Income & Expenses
Annual Ins Exp: 825
Annual Landscape Exp: 900
Annual Legal & Acctg: 975
Annual Maint Exp: 1425
Annual Mgmt Exp: 2368
Annual Wtr/Swr Exp: 1574
Owner Association: No
Annual Rplcmnt Rsrvs: 900
Annual Other Expense: 675
Operating Exp: 10901
Gross Annual Sch Inc: 50160
Vacancy Allowance: 0.05
Adjusted Gross Inc: 47652
Net Operating Income: 38312
Pmt & Rate Info
Cap Rate: 4.4
Equity: 870000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1270
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1450
Avg SqFt: 790
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Foam
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Fenced; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave
Heating: Natural Gas; Individual
Cooling: Ceiling Fan(s); Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Garage; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Supplements
improve operations of the property by eliminating loss-to-lease and implementing a RUBS program on all three units.

Listing Office: Platinum Living Realty

Last Updated: January - 25 - 2023

1301 W WELDON Avenue, Phoenix, AZ 85013 - MLS# 6342951
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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