$975,000
Phoenix, AZ 85015
MLS# 6219809
Status: Closed
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Property Description
Obtain a 6 unit property that has been redone. Large Storage rooms for additional Income along w/Owner Owned Coin-Op Laundry. The ample parking lot has been recoated w/new striping. The Exterior newly painted w/MODERN paint. The interior has been painted along w/ 4 inch baseboards and all outlets have been replaced. New tenants being placed now at $895 per door. There is a Gazebo with a new Picnic area for the Tenants. All Exterior Doors have been refinished. New Thresholds in every unit. Solar Security Lighting has been added as well as Exterior Security Doors. New Doors on all of the Water Heater Closets. ALL new sunscreens added. The interior have all new laminate wood grain flooring with padding. New ceiling fan and much more-see the document tab-Buyer to verify all facts & figures
Details
Maps
Contract Info
Current Price: $975,000
Sold Price: $975,000
Status: Closed
List Date: 2021-04-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P33
House Number: 2347
Compass: W
Street Name: COOLIDGE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 36 ROWLETT PLACE 2 MCR 003202
Subdivision: ROWLETT PLACE 2
Assessor's Map #: 13
Assessor's Parcel #: 15
Add'l Parcels: No
Assessor Number: 154-13-015
Legal: LOT 36 ROWLETT PLACE 2 MCR 003202
Census Tract: 109002
Tax Municipality: Phoenix
Taxes: 1956
Tax Year: 2020
Marketing Name: 6 Unit
General Property Description
Lot Size Dimensions: irr
Year Built: 1985
Uncvrd Parking Spcs: 10.5
Total # of Units: 6
# of Buildings: 2
Zoning: MFAM
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 23 Ave and Camelback RD
Directions: Turn south onto 23 Ave to Coolidge. Turn Right at Coolidge and property is on the south side of the street.
Geo Lat: 33.504694
Geo Lon: -112.110379
Status Change Info
Status Change Date: 2021-08-24
Off Market Date: 2021-08-05
Under Contract Date: 2021-08-05
Close of Escrow Date: 2021-08-24
Sold Price: $975,000
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 36
Income & Expenses
Annual Ins Exp: 2310
Annual Maint Exp: 705
Annual Mgmt Exp: 5636
Annual Wtr/Swr Exp: 7046
Owner Association: No
Annual Other Expense: 705
Operating Exp: 18358
Gross Annual Sch Inc: 64800
Other Income: 7600
Vacancy Allowance: 0.03
Adjusted Gross Inc: 70228
Totl Mnth Rntal Inc: 5400
Net Operating Income: 52099
Pmt & Rate Info
Cap Rate: 5.22
Down Payment %: 30
Equity: 998000
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 895
Avg SqFt: 600
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool; Barbecue
Exterior Amenities: Desert Landscaping; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: >1 Space Per Unit; Assigned; Free; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: August - 24 - 2021
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