$2,400,000
Phoenix, AZ 85051
MLS# 6675427
1 / 8
Property Description
Three brand new 3 bedroom 2 bath duplexes. Pictures are on a near identical property built by same builder up the street. New photos will follow of this property soon. Tax parcel number is of the parent parcel. Each of the 6 units have separate tax parcel numbers. Great investment property! Concrete driveway with covered parking. Inside laundry in each unit. Come see today! A condo plat and CC&Rs are on the property. No HOA set up yet. Buyer can return to one tax parcel or keep as individual condos. Any operating expenses listed in MLS are estimates. Owner Agent
Details
Maps
Contract Info
Current Price: $2,400,000
List Price: $2,400,000
Status: Active
List Date: 2024-03-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2544
Compass: W
Street Name: STATE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6726
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 98 VISTA INCOME ESTATES UNIT 5 MCR 002112
Subdivision: VISTA INCOME ESTATES UNIT 5
Assessor's Map #: 31
Assessor's Parcel #: 100
Add'l Parcels: Yes
Assessor Number: 157-31-100
Legal: LOT 98 VISTA INCOME ESTATES UNIT 5 MCR 002112
Census Tract: 106001
Tax Municipality: Phoenix
Taxes: 1127
Tax Year: 2022
Marketing Name: State Avenue Apartments
General Property Description
Lot Size Dimensions: 192.72 x 96.91
Year Built: 2024
Uncvrd Parking Spcs: 6
Total # of Units: 6
# of Buildings: 3
Zoning: R3
Flood Zone: No
Elementary School: Washington Elementary School - Phoenix
Jr. High School: Royal Palm Middle School
High School: Glendale High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 27th Ave/State Ave
Directions: Property is located on State Ave between I-17 Southbound Access Road and 27th Ave.
Geo Lat: 33.544961
Geo Lon: -112.114773
Status Change Info
Status Change Date: 2024-03-11
Legal Info
Township: 2N
Range: 2E
Section: 1
Lot Number: 98
Income & Expenses
Annual Elec Exp: 1200
Annual Ins Exp: 3000
Annual Landscape Exp: 2400
Annual Maint Exp: 3600
Annual Mgmt Exp: 7200
Annual Wtr/Swr Exp: 7200
Owner Association: No
Operating Exp: 25727
Gross Annual Sch Inc: 151200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 143640
Totl Mnth Rntal Inc: 12600
Net Operating Income: 119050
Pmt & Rate Info
Cap Rate: 4.96
Down Payment %: 25
Equity: 2400000
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 6
Avg Rent: 2100
Avg SqFt: 1000
# Baths: 12
Contact Info
List Agent Home Phn: 623-979-7438
Property Features
Project Type: Duplex; 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: Carport; Paved Parking
Roads/Streets: Asphalt; Dedicated Street; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Hilton Realty Corporation
Last Updated: March - 12 - 2024
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