$810,000
Phoenix, AZ 85006
MLS# 6656680
1 / 12
Property Description
The 1501 E Oak Street tripex offering is open to anyone looking to owner occupy a fully turnkey multifamily dwelling or for the traditional multifamily investor. The Seller of 1501 is also selling 1505, 1509, 1521, 1527 & 1527 E Oak Street as well each of which are individual triplexes. Each one of these triplexes are set to be sold individually or as a package. Each triplex offers a unit mix of (100%) 2-bedroom / 1-bathroom units. Each unit is individually metered for electricity. Capital Improvement Summary: Renovations were started in 2022 and and completed in 2023. Exterior remodel consist of modern paint colors, installation, new roofs and desert landscaping. The interiors of all units feature new vinyl flooring, stainless steel appliances, , updated counter tops and in-suit W/D.
Details
Maps
Documents
Contract Info
Current Price: $810,000
List Price: $810,000
Status: Active
List Date: 2024-01-24
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1501
Compass: E
Street Name: OAK
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 1766
Country: USA
County Code: Maricopa
Legal Description (Abbrev): RANCHITOS BONITOS PT LOT 1 W 57' OF N2 EX N 25' EX N 25' & EX S 8'
Subdivision: RANCHITOS BONITAS LOTS 1-4
Assessor's Map #: 18
Assessor's Parcel #: 104
Add'l Parcels: No
Assessor Number: 117-18-104
Legal: RANCHITOS BONITOS PT LOT 1 W 57' OF N2 EX N 25' EX N 25' & EX S 8'
Census Tract: 111700
Tax Municipality: Phoenix
Taxes: 1142
Tax Year: 2023
Marketing Name: 1501 E Oak Street
General Property Description
Lot Size Dimensions: 7,301
Year Built: 1957
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 1
Zoning: R-4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.472737
Geo Lon: -112.049668
Status Change Info
Status Change Date: 2024-03-12
Legal Info
Township: 2N
Range: 3E
Section: 33
Lot Number: 1
Income & Expenses
Owner Association: No
Operating Exp: 1142
Gross Annual Sch Inc: 55956
Vacancy Allowance: 0.6
Adjusted Gross Inc: 22382.4
Net Operating Income: 42800
Pmt & Rate Info
Cap Rate: 5.28
Down Payment %: 25
Monthly Payments: 3980
Equity: 810000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1533
Avg SqFt: 800
# Baths: 1
Property Features
Project Type: Tri-Plex; 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range
Cooling: Ceiling Fan(s); Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: SW Gas
Parking: Street Parking; >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner; Projected Proforma
Lockbox Type: None
New Financing: VA; FHA; Conventional
Reports/Disclosures: None
Environmental: None
Rent Roll 
Listing Office: ABI Multifamily
Last Updated: March - 12 - 2024
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