$725,000
Phoenix, AZ 85032
MLS# 6686429
1 / 20
Property Description
- Exceptional fourplex in a growing neighborhood - Four units, each with 2 beds and 2 baths - All have washer and dryer in unit - Gross income of $6,114/month with low expenses - Next to a elementary school - Located in a gated community with: - Pool - Covered parking - Pristine landscaping - Spacious units for spacious living - Immediate returns and long-term value - Perfect blend of convenience and investment opportunity
Details
Maps
Contract Info
Current Price: $725,000
List Price: $725,000
Status: Active
List Date: 2024-04-03
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2825
Compass: E
Street Name: MONTE CRISTO
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8320
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 5 GREENWAY MANOR MCR 023347
Subdivision: GREENWAY MANOR
Assessor's Map #: 39
Assessor's Parcel #: 33
Add'l Parcels: Yes
Assessor Number: 214-39-033
Legal: LOT 5 GREENWAY MANOR MCR 023347
Census Tract: 103306
Tax Municipality: Phoenix
Taxes: 1346
Tax Year: 2023
Marketing Name: Monte Cristo Fourplex
General Property Description
Lot Size Dimensions: 64 feet by 92 feet
Year Built: 1982
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: R3
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Remarks & Misc
Geo Lat: 33.631955
Geo Lon: -112.020881
Status Change Info
Status Change Date: 2024-04-24
Legal Info
Township: 3N
Range: 3E
Section: 2
Lot Number: 5
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 8580
Operating Exp: 9926
Gross Annual Sch Inc: 73368
Vacancy Allowance: 0.05
Adjusted Gross Inc: 69699.6
Net Operating Income: 55000
Pmt & Rate Info
Cap Rate: 7.59
Down Payment %: 20
Monthly Payments: 3000
Equity: 725000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1528.5
Avg SqFt: 1000
# Baths: 8
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Other (See Remarks)
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only; Laundry Equipment
Community Amenities: Pool; Spa(s); Manager Res/Office; Clubhouse; Barbecue
Exterior Amenities: Fenced; Security Light(s)
Appliances Included: BI Oven/Range; Refrigerator; Disposal; Microwave; Washer/Dryer
Heating: Other
Cooling: Other
Water: Other
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking: Carport; >1 Space Per Unit; Free
Roads/Streets: Asphalt; Private Street
Owner Pays: None
Tenant Pays: None
Source of Fincl Data: Provided by Owner
Lockbox Type: None
New Financing: Cash; VA; 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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