$1,150,000
Phoenix, AZ 85018
MLS# 6310104
Status: Closed
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Property Description
The Earll is a fantastic turnkey four-plex opportunity located in the heart of Arcadia Lite. The property consists of (2) 1 bed / 1 bath units averaging $1,295 rents and (2) 2 bed / 1 bath units averaging $1,475 rents. The property is fully turnkey with in-suite washer / dryer, new kitchens, flooring, bathroom and roof, electrical panels and more. One of the 2 bed / 1 bath units is lightly renovated with no in-suite washer / dryer. The amenities include ample covered and uncovered parking and an on-site laundry facility.
Details
Maps
Contract Info
Current Price: $1,150,000
Sold Price: $1,150,000
Status: Closed
List Date: 2021-10-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3429
Compass: E
Street Name: Earll
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: USA
County Code: Maricopa
Assessor's Map #: 30
Assessor's Parcel #: 17
Assessor Parcel Ltr: D
Add'l Parcels: No
Assessor Number: 127-30-017-D
Legal: W CITRUS AC MCR 24/17 W 82F OF LOT 189
Tax Municipality: Maricopa - COUNTY
Taxes: 1959
Tax Year: 2021
Marketing Name: WEST CITRUS ACRES
General Property Description
Lot Size Dimensions: 8,624
Year Built: 1973
Uncvrd Parking Spcs: 3
Total # of Units: 4
# of Buildings: 1
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.483911
Geo Lon: -112.007236
Status Change Info
Status Change Date: 2021-12-28
Off Market Date: 2021-12-28
Under Contract Date: 2021-11-09
Close of Escrow Date: 2021-12-27
Sold Price: $1,150,000
Legal Info
Lot Number: 189
Income & Expenses
Owner Association: No
Operating Exp: 1959
Gross Annual Sch Inc: 65000
Adjusted Gross Inc: 65000
Net Operating Income: 55000
Pmt & Rate Info
Cap Rate: 4.58
Down Payment %: 25
Equity: 1200000
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1295
Avg SqFt: 750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1475
Avg SqFt: 850
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: %
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator
Heating: Individual
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
New Financing: VA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: December - 28 - 2021
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