$1,049,888
Phoenix, AZ 85008
MLS# 6679503
1 / 49
Property Description
True 7%+ CAP Rate! Solid tenants! 5 units, fully rented, recently renovated. New windows, Stucco, AC units, Roofing, and Paint! No carpet in any unit! All tenants pay their own electric. Property is conveniently located near Arizona State University, Phoenix Sky Harbor Airport, Pueblo Grande Museum, Phoenix Zoo, Botanical Gardens, AZ Science Center, Food City, I-10, AZ-51, Loop-202. shopping, food, and more! All offers will be taken under consideration. Owner/Agent
Details
Maps
Contract Info
Current Price: $1,049,888
List Price: $1,049,888
Status: Active
List Date: 2024-03-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2537
Compass: E
Street Name: WILLETTA
St Suffix: Street
Unit #: 1-5
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4661
Country: USA
County Code: Maricopa
Legal Description (Abbrev): N ELSINORE
Subdivision: NORTH ELSINORE BLOCK 13-14
Assessor's Map #: 78
Assessor's Parcel #: 122
Add'l Parcels: No
Assessor Number: 121-78-122
Legal: N ELSINORE
Census Tract: 113501
Tax Municipality: Phoenix
Taxes: 866
Tax Year: 2023
Marketing Name: Willetta 5
General Property Description
Lot Size Dimensions: 7025 sq ft
Year Built: 1946
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 3
Zoning: Multi Family
Elementary School: Excelencia School
Jr. High School: Excelencia School
High School: Camelback High School
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: N 24TH STREET/ E MCDOWELL RD
Directions: Loop 202/ North 24th Street/ Right on E Willetta Street/ Property on Right
Geo Lat: 33.463734
Geo Lon: -112.026431
Status Change Info
Status Change Date: 2024-03-19
Legal Info
Township: 1N
Range: 3E
Section: 2
Lot Number: 19
Income & Expenses
Annual Elec Exp: 136
Annual Landscape Exp: 2250
Annual Maint Exp: 1975
Annual Wtr/Swr Exp: 3123
Owner Association: No
Operating Exp: 8350
Gross Annual Sch Inc: 84973
Other Income: 856
Vacancy Allowance: 0.05
Adjusted Gross Inc: 81537.55
Net Operating Income: 78343
Pmt & Rate Info
Cap Rate: 7.46
Equity: 1049888
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 1
Avg Rent: 1220
Avg SqFt: 400
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1426
Avg SqFt: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1830
Avg SqFt: 800
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle; Other (See Remarks)
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only; Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Amenities: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Individual; Heat Pump; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Individual; Central A/C
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking: Carport; Street Parking; 1 Space/Unit; Attached
Roads/Streets: Gravel
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Non Assumable
New Financing: Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Charles Edward Realty
Last Updated: April - 24 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.