$285,000
Phoenix, AZ 85032
MLS# 5796124
Status: Closed
1 / 3
Property Description
HUGE VALUE ADD OPPORTUNITY: Newly painted exterior. All units are in top condition, have W/D hook ups and newer appliances. BEST INVESTORS PRICE IN PALOMINO POINTE. Room to raise rents, average 2 beds are rents in the area are. $800 . Opportunity to purchase 2446, 2434, 2425& 2423 Waltann
Details
Maps
Documents
Contract Info
Current Price: $285,000
Sold Price: $285,000
Status: Closed
List Date: 2018-07-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L35
House Number: 2802
Compass: E
Street Name: MONTE CRISTO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8312
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 40 GREENWAY MANOR LOT 1-72 TR A-E MCR 023347
Subdivision: GREENWAY MANOR LOT 1-72 TR A-E
Assessor's Map #: 39
Assessor's Parcel #: 68
Add'l Parcels: No
Assessor Number: 214-39-068
Legal: LOT 40 GREENWAY MANOR LOT 1-72 TR A-E MCR 023347
Census Tract: 103306
Tax Municipality: Phoenix
Taxes: 1235.7
Tax Year: 2017
Marketing Name: Palomino Point
General Property Description
Lot Size Dimensions: irr
Year Built: 1982
Total # of Units: 4
# of Buildings: 1
Zoning: Multi Family
Elementary School District: Out of Area
High School District: Out of Area
Remarks & Misc
Cross Street: 32nd Street & Greenway
Directions: West to 29th Street; North to Marconi; East to 28th Street; South to Monte Cristo; West to property.
Geo Lat: 33.632331
Geo Lon: -112.021971
Status Change Info
Status Change Date: 2018-11-02
Off Market Date: 2018-11-02
Under Contract Date: 2018-10-17
Close of Escrow Date: 2018-11-01
Sold Price: $285,000
Legal Info
Township: 3N
Range: 3E
Section: 2
Lot Number: 40
Income & Expenses
Annual Ins Exp: 951
Annual Maint Exp: 1919
Owner Association: Yes
Annual Ownr Asoc Fee: 7740
Operating Exp: 11845.7
Gross Annual Sch Inc: 30294
Adjusted Gross Inc: 30294
Net Operating Income: 18448
Pmt & Rate Info
Cap Rate: 6.47
Equity: 285000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 479
Avg SqFt: 929
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 655
Avg SqFt: 1105
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 795
Avg SqFt: 1300
# Baths: 3
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property; Pool Equipment
Community Amenities: Pool; Spa(s); Manager Res/Office
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; >1 Space Per Unit
Roads/Streets: Asphalt; Dedicated Street
Owner Pays: Other; See Remarks
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: None
Listing Flyer 
Listing Office: West USA Realty
Last Updated: November - 02 - 2018
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.