$650,000
1317 W MONROE Street, B
Phoenix, AZ 85007
MLS# 6317060
Status: Closed



1317 W MONROE Street, B, Phoenix, AZ 85007
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1317 W MONROE Street, B, Phoenix, AZ 85007

Property Description
This is one of the properties that is cool and hip to live in. This is now FULLY occupied. Successful for the owner but they are moving up. Well kept and easy to manage. Downtown Phoenix and easy access to all venues and work places. Buyer to verify all facts and figures.

Details
Maps
Contract Info
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2021-11-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1317
Compass: W
Street Name: MONROE
St Suffix: Street
Unit #: B
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2736
Country: USA
County Code: Maricopa
Subdivision: WOODLAND PLACE
Assessor's Map #: 3
Assessor's Parcel #: 76
Add'l Parcels: No
Assessor Number: 112-03-076
Legal: LOT 5 BLOCK B WOODLAND PLACE MCR 000229
Census Tract: 114301
Tax Municipality: Phoenix
Taxes: 1284
Tax Year: 2021
Marketing Name: Fourplex
General Property Description
Lot Size Dimensions: 50' X 125'
Year Built: 1926
Uncvrd Parking Spcs: 1
Total # of Units: 4
# of Buildings: 2
Zoning: R5
Elementary School: Phoenix Prep Academy
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 13TH AVE & VAN BUREN
Directions: From Van Buren turn north on 13 Ave to Monroe. Turn Right on to Monroe and property is on the south side of the street
Geo Lat: 33.449889
Geo Lon: -112.090142
Status Change Info
Status Change Date: 2022-05-19
Off Market Date: 2022-05-16
Under Contract Date: 2022-05-16
Close of Escrow Date: 2022-05-19
Sold Price: $650,000
Legal Info
Township: 1N
Range: 3E
Section: 7
Lot Number: 5
Income & Expenses
Annual Ins Exp: 1500
Annual Landscape Exp: 300
Annual Maint Exp: 2500
Annual Wtr/Swr Exp: 1200
Owner Association: No
Operating Exp: 6784
Gross Annual Sch Inc: 27960
Vacancy Allowance: 0.03
Adjusted Gross Inc: 27121.2
Totl Mnth Rntal Inc: 2330
Net Operating Income: 20337
Pmt & Rate Info
Cap Rate: 2.81
Equity: 725000
Efficiency Units
# Efficiency Units: 4
Avg Rent: 600
Avg SqFt: 450
# Baths: 1
Sold Info
Loan Type: FHA
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 10000
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block; Brick
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Wood
Sale Includes: Land & Building
Payment Includes: Principal; Taxes; Insurance
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished; Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator
Heating: Natural Gas; Wall Furnace
Cooling: Window/Wall Unit; Evaporative Cooling
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Garage; Street Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
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 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; Wraparound
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Gerchick Real Estate

Last Updated: May - 19 - 2022

1317 W MONROE Street, B, Phoenix, AZ 85007 - MLS# 6317060
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