$765,000
Phoenix, AZ 85015
MLS# 6696177
1 / 14
Property Description
Great investment opportunity! 4 unit property with a large piece of land. Unit Mix - Three - 2bed/1bath units - One - 3bed/2bath unit Rent: Approximately $6000 per month gross. All units are renovated: Including Kitchens, flooring, cabinets, bathrooms, etc. In unit washers and dryers
Details
Maps
Contract Info
Current Price: $765,000
List Price: $765,000
Status: Active
List Date: 2024-04-24
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2237
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4834
Country: USA
County Code: Maricopa
Legal Description (Abbrev): BEG 211.78' E & 107' N OF SW COR N2 NW4 SW4 SE4 TH N 222.02' E 72.08' TH S 222.09' M/L TO PT 107'
Assessor's Map #: 29
Assessor's Parcel #: 12
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 154-29-012-C
Legal: BEG 211.78' E & 107' N OF SW COR N2 NW4 SW4 SE4 TH N 222.02' E 72.08' TH S 222.09' M/L TO PT 107'
Census Tract: 109003
Tax Municipality: Phoenix
Taxes: 1856
Tax Year: 2023
Marketing Name: Glenrosa apartments
General Property Description
Lot Size Dimensions: 192 feet by 72 feet
Year Built: 1954
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R3
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.498302
Geo Lon: -112.107535
Status Change Info
Status Change Date: 2024-04-24
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 012C
Income & Expenses
Owner Association: No
Operating Exp: 1856
Gross Annual Sch Inc: 72000
Other Income: 4800
Vacancy Allowance: 0.05
Adjusted Gross Inc: 72960
Net Operating Income: 55000
Pmt & Rate Info
Cap Rate: 7.19
Down Payment %: 20
Monthly Payments: 3000
Equity: 765000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1500
Avg SqFt: 900
# Baths: 3
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1600
Avg SqFt: 1000
# Baths: 2
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range; F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Other
Cooling: Ceiling Fan(s); Electric; Individual; Other
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Free
Roads/Streets: Dirt; Concrete
Owner Pays: Water; Electric
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange; Affordable Housing
Reports/Disclosures: None
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: April - 24 - 2024
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