$958,000
Phoenix, AZ 85018
MLS# 6185694
Status: Closed
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Property Description
This beautiful paradise for tenants looks to be off the beaten path with full mature landscaping full privacy hedges, banana trees, bougainvillea and so forth.this nearly half acre in Arcadia lite property has a Full Single family house and a four plex! The pool has been closed off to only use in the 3 bedroom house that is currently vacant. This property is a value add dream! Currently four units have been left vacant for the purpose of a sale! Property is on Lockbox call for info! There is a second parcel at 3323 n 40th st if interested in both parcels Owner will sell for 1,800,000.
Details
Maps
Contract Info
Current Price: $958,000
Sold Price: $958,000
Status: Closed
List Date: 2021-01-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P36
House Number: 3139
Compass: N
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 10 PALO ALTO PARK MCR 004431
Subdivision: PALO ALTO PARK
Assessor's Map #: 15
Assessor's Parcel #: 48
Add'l Parcels: Yes
Assessor Number: 127-15-048
Legal: LOT 10 PALO ALTO PARK MCR 004431
Census Tract: 111000
Tax Municipality: Phoenix
Taxes: 3511
Tax Year: 2020
Marketing Name: Arcadia Groves on 40th
General Property Description
Lot Size Dimensions: 0 x 0
Year Built: 1955
Uncvrd Parking Spcs: 8
Total # of Units: 5
# of Buildings: 2
Zoning: R-3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.486069
Geo Lon: -111.995085
Status Change Info
Status Change Date: 2021-04-13
Off Market Date: 2021-04-09
Under Contract Date: 2021-03-12
Close of Escrow Date: 2021-04-12
Sold Price: $958,000
Legal Info
Township: 2N
Range: 4E
Section: 30
Lot Number: 10
Income & Expenses
Annual Ins Exp: 2000
Annual Landscape Exp: 1200
Annual Maint Exp: 3000
Annual Mgmt Exp: 7488
Annual Wtr/Swr Exp: 2568
Owner Association: No
Operating Exp: 19767
Gross Annual Sch Inc: 93600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 88920
Net Operating Income: 69153
Pmt & Rate Info
Cap Rate: 6.59
Equity: 1050000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 621
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 3000
Avg SqFt: 1682
# Baths: 2
Sold Info
Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units; Packaged Offering
Construction: Block; Adobe
Const - Finish: Painted; Brick Trim/Veneer
Roofing: Comp Shingle; Tile; Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal
Community Amenities: Pool; Other; See Remarks
Exterior Amenities: Landscape Wtr System
Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup
Heating: Window/Wall Unit(s); Wall Furnace
Cooling: Window/Wall Unit
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: <1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional; No Carry
Reports/Disclosures: None
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: April - 16 - 2021
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