$700,000
Phoenix, AZ 85008
MLS# 6195385
Status: Closed
1 / 27
Property Description
Massive Opportunity to own 4 FULLY Renovated units with high end finishes and SOLID New Tenants! Exterior Paint Just completed, Landscape just completed, New Slate patios, new windows, new doors and security doors, new drywall and paint, smooth finish modern look, new wood look plank tile in every unit new white shaker soft close cabinets, new granite, WASHER DRYER in every unit, new bathrooms, new Kitchen, Stainless Samsung Appliances, new lighting, new fixtures, new window treatments, Roofs inspected, HVAC is serviced in each unit and new T-Stats, electrical upgraded, new water heaters, new ceiling fans in every room, These units rented in minutes, not days! Carports at every unit, HOA is $170 per month per unit, covers water sewer trash and landscape cleanup, plus roof and exterior.
Details
Maps
Contract Info
Current Price: $700,000
Sold Price: $700,000
Status: Closed
List Date: 2021-02-17
Ownership: Condominium
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q36
House Number: 4016
Compass: E
Street Name: MORELAND
St Suffix: Street
Unit #: 1-4
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5550
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1 BLOCK 26 MORELAND ESTATES CONDOMINIUMS MCR 055407
Subdivision: MORELAND ESTATES CONDOMINIUMS
Assessor's Map #: 20
Assessor's Parcel #: 85
Add'l Parcels: Yes
Assessor Number: 125-20-085
Legal: LOT 1 BLOCK 26 MORELAND ESTATES CONDOMINIUMS MCR 055407
Census Tract: 113700
Tax Municipality: Maricopa - COUNTY
Taxes: 1136
Tax Year: 2020
Marketing Name: Moreland Estates
General Property Description
Lot Size Dimensions: 25X34 Each unit
Year Built: 1963
Total # of Units: 4
# of Buildings: 1
Zoning: M-H R-4
High School: Camelback High School
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 40th Street and McDowell
Directions: South of 40th to Moreland St, East to property
Geo Lat: 33.461609
Geo Lon: -111.994104
Status Change Info
Status Change Date: 2021-04-22
Off Market Date: 2021-03-29
Under Contract Date: 2021-03-26
Close of Escrow Date: 2021-04-19
Sold Price: $700,000
Legal Info
Township: 1N
Range: 4E
Section: 6
Block: 26
Lot Number: 1
Income & Expenses
Annual Ins Exp: 600
Owner Association: Yes
Annual Ownr Asoc Fee: 8160
Operating Exp: 9896
Gross Annual Sch Inc: 57804
Vacancy Allowance: 0.1
Adjusted Gross Inc: 52023.6
Net Operating Income: 48008
Pmt & Rate Info
Cap Rate: 6.41
Down Payment %: 25
Monthly Payments: 2371
Equity: 749000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1175
Avg SqFt: 752
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas
Parking: Carport; 1 Space/Unit
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Owner Pays: Other
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner; Provided by Accntnt; Books Shwn Accpt Ofr
Special: Owner/Agent
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Private
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional; 1031 Exchange; Trade
Reports/Disclosures: None
Environmental: None
Listing Office: Diligence Realty
Last Updated: July - 26 - 2021
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.