$975,000
Phoenix, AZ 85007
MLS# 6154019
Status: Closed
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Property Description
What an amazing opportunity in Central Phoenix! 2 year old block construction features 2 Duplexes for a total of 4 units. These duplexes are identical. Each duplex offers a 3bd/2ba w/ 1438sf & 2bd/1ba w/ 962sf. Total livable area is 4800sf. Absolute attention to every detail! Each home has stunning grey cabinets, beautiful counter tops, stainless steel appliances, high ceilings, all tile flooring, inside laundry, private driveway w/ covered parking. This ideal location is just 1 block from the Phoenix Capitol. Easy access to all of the downtown sports, cultural, and entertainment venues. Close to downtown ASU & UofA. This part of Phoenix is being revamped and is an up and coming area & an excellent investment opportunity.
Details
Maps
Contract Info
Current Price: $975,000
Sold Price: $975,000
Status: Closed
List Date: 2020-10-30
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 315
Compass: N
Street Name: LAUREL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2673
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 18 CAPITOLA PLACE MCR 000407
Subdivision: CAPITOLA PLACE
Assessor's Map #: 26
Assessor's Parcel #: 16
Add'l Parcels: No
Assessor Number: 111-26-016
Legal: LOT 18 CAPITOLA PLACE MCR 000407
Census Tract: 112900
Tax Municipality: Phoenix
Taxes: 5885
Tax Year: 2019
Marketing Name: Capitola
General Property Description
Year Built: 2018
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R-5
Elementary School: Capitol Elementary School
Jr. High School: Capitol Elementary School
High School: Central High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 15th AVE & VAN BUREN ST
Geo Lat: 33.452066
Geo Lon: -112.092629
Status Change Info
Status Change Date: 2021-08-12
Off Market Date: 2021-08-12
Under Contract Date: 2021-05-21
Close of Escrow Date: 2021-08-12
Sold Price: $975,000
Legal Info
Township: 1N
Range: 3E
Section: 6
Lot Number: 18
Income & Expenses
Annual Ins Exp: 1800
Annual Landscape Exp: 1200
Annual Legal & Acctg: 960
Annual Maint Exp: 1150
Annual Mgmt Exp: 2054.4
Annual Wtr/Swr Exp: 800
Owner Association: No
Annual Other Expense: 1350
Operating Exp: 15199.4
Gross Annual Sch Inc: 50520
Adjusted Gross Inc: 50520
Totl Mnth Rntal Inc: 4800
Net Operating Income: 42556
Pmt & Rate Info
Cap Rate: 4.32
Equity: 985000
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 930
Avg SqFt: 962
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1186
Avg SqFt: 1438
# Baths: 2
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Buyer - B
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex; Four Plex
Other Type: Packaged Offering
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Breakfast Bar
Appliances Included: BI Oven/Range; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Electric; Central A/C
Water: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport; <1 Space Per Unit; Attached; Add'l Parking Avail; Assigned
Roads/Streets: Asphalt
Owner Pays: Water; None
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed; Not Applicable
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Development Plan Avl
Environmental: None
Listing Office: Realty ONE Group
Last Updated: February - 14 - 2022
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