$800,000
Phoenix, AZ 85020
MLS# 6683093
1 / 11
Property Description
Three 2 bedroom/2bath owner/agent offering with 1031 participation. All units recently remodeled including new windows, all stainless steel appliances, dishwasher, oven/range, refrigerator, quartz countertops, new bathrooms with steel tub for bath, custom shower surround with high quality shower doors, vanities, 309 remodeled in 2019, 307 in 2022 and 311 in 2023. All rents are $1495. 311 is currently for lease and vacant/lockbox. HOA pays water, trash, exterior maintenance, roof maintenance. Roofs recoated in 2021, painted in 2016, parking lot resealed March 2024. Self managed HOA. Previous tenants in 307 & 311 were there 12 years. Great area one block north of the canal on Central to ride bikes, hike mountain trails, bus on Central takes you to the light rail station on Camelback
Details
Maps
Contract Info
Current Price: $800,000
List Price: $800,000
Status: Active
List Date: 2024-03-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 214
Compass: E
Street Name: Ruth
St Suffix: Avenue
Unit #: 311
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 3165
Country: USA
County Code: Maricopa
Legal Description (Abbrev): RUTHGATE 2 CONDOMINIUMS MCR 251-33 UNIT 0011 BLDG 000A TOG WI AN UNDIV 1/39 INT IN THE COMMON ELEM
Subdivision: RUTHGATE 2 CONDOMINIUMS
Assessor's Map #: 51
Assessor's Parcel #: 173
Add'l Parcels: No
Assessor Number: 160-51-173
Legal: RUTHGATE 2 CONDOMINIUMS MCR 251-33 UNIT 0011 BLDG 000A TOG WI AN UNDIV 1/39 INT IN THE COMMON ELEM
Census Tract: 105300
Tax Municipality: Phoenix
Taxes: 489
Tax Year: 2023
Marketing Name: Ruthgate II Condominiums
General Property Description
Lot Size Dimensions: condo
Year Built: 1984
Total # of Units: 3
# of Buildings: 2
Zoning: R-5
Flood Zone: No
Elementary School: Desert View Elementary School
Jr. High School: Royal Palm Middle School
High School: Sunnyslope High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: Central/Dunlap
Directions: South on Dunlap to Ruth then turn East to 214 E Ruth Avenue. Park in Uncovered or on the street.
Geo Lat: 33.563365
Geo Lon: -112.071456
Status Change Info
Status Change Date: 2024-04-21
Legal Info
Township: 3N
Range: 3E
Section: 32
Lot Number: 11
Income & Expenses
Annual Ins Exp: 2019
Annual Legal & Acctg: 350
Owner Association: Yes
Annual Ownr Asoc Fee: 7200
Operating Exp: 10058
Gross Annual Sch Inc: 53820
Vacancy Allowance: 0.05
Adjusted Gross Inc: 51129
Net Operating Income: 44251
Pmt & Rate Info
Cap Rate: 5.53
Down Payment %: 800000
Equity: 800000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1495
Avg SqFt: 952
# Baths: 2
Property Features
Project Type: Tri-Plex; Other (See Remarks)
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up; Other (See Remarks)
Floors: Ceramic Tile
Sale Includes: Personal Property
Community Amenities: Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; Patio/Balcony; Pet Restrictions; Separate Storage
Interior Amenities: Unfurnished; Vertical Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Master Meter
Gas: None
Parking: 1 Space/Unit; Assigned
Roads/Streets: Asphalt; Dedicated Street
Owner Pays: None; See Remarks
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner; Books Shwn Accpt Ofr
Special: Owner/Agent
Showing Notification Methods: Text; Phone Call
Lockbox Type: Supra (ARMLS)
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: Cash; 1031 Exchange; Trade
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Rimsza Realty
Last Updated: April - 21 - 2024
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