$975,000
Phoenix, AZ 85015
MLS# 6681040
Status: Closed
1 / 20
Property Description
Value add potential and opportunity in this 8 unit property. All tenants are long term and month to month with under market rents. One unit is being used for storage and is not occupied. Tenants share a washer/dryer in a separate room next to the maintenance closet. No photos available on the interior of the property and interior condition is unknown and cannot be viewed without an accepted LOI or contract. All facts and figures are approximate buyer verify MLS information. Drive by only.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $975,000
Sold Price: $975,000
Status: Closed
List Date: 2024-03-21
Location, Tax & Legal
Assessor's Map #: 28
Legal Description (Abbrev): FRUITLAND ACRES PT E2 LOT 9 S 98' OF N 413' & S 72' OF N 485' EX 23RD AVE PER DKT 610/501
Assessor's Parcel #: 4
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109003
Taxes: 3020
Legal: FRUITLAND ACRES PT E2 LOT 9 S 98' OF N 413' & S 72' OF N 485' EX 23RD AVE PER DKT 610/501
Marketing Name: 8 unit at Fruitland Acres
House Number: 4206
Compass: N
Street Name: 23RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 7047
Country: US
County Code: Maricopa
Subdivision: FRUITLAND ACRES
Assessor Number: 154-28-004-B
Tax Year: 2023
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 10
Lot Size Dimensions: unknown
Flood Zone: TBD
Total # of Units: 8
Year Built: 1963
Zoning: R-3
Legal Info
Range: 2E
Section: 24
Township: 2N
Lot Number: 9
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 2500
Annual Gas Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 300
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 3000
Annual Wtr/Swr Exp: 3240
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 13060
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 48306
Pmt & Rate Info
Cap Rate: 4.55
Equity: 785000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
See Remarks: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Exterior Amenities
Separate Storage: 1
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 0
Avg SqFt: 300
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 533
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 637
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 23rd Ave and Indian School
Directions: east from 1-17 on Indian School, north on 23rd. Pass Devonshire to property.
Geo Lat: 33.497459
Geo Lon: -112.108744
Status Change Info
Off Market Date: 2024-04-14
Under Contract Date: 2024-03-29
Close of Escrow Date: 2024-04-13
Sold Price: $975,000
Income Expenses
Gross Annual Sch Inc: 49800
Net Operating Income: 35740
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: See Remarks
Exterior Amenities: Separate Storage; Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 27 - 2026
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