$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
Current Price: $975,000
Sold Price: $975,000
Status: Closed
List Date: 2024-03-21
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4206
Compass: N
Street Name: 23RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 7047
Country: USA
County Code: Maricopa
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
Subdivision: FRUITLAND ACRES
Assessor's Map #: 28
Assessor's Parcel #: 4
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 154-28-004-B
Legal: FRUITLAND ACRES PT E2 LOT 9 S 98' OF N 413' & S 72' OF N 485' EX 23RD AVE PER DKT 610/501
Census Tract: 109003
Tax Municipality: Phoenix
Taxes: 3020
Tax Year: 2023
Marketing Name: 8 unit at Fruitland Acres
General Property Description
Lot Size Dimensions: unknown
Year Built: 1963
Uncvrd Parking Spcs: 10
Total # of Units: 8
# of Buildings: 3
Zoning: R-3
Flood Zone: TBD
Elementary School District: Out of Area
High School District: Out of Area
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
Status Change Date: 2024-04-14
Off Market Date: 2024-04-14
Under Contract Date: 2024-03-29
Close of Escrow Date: 2024-04-13
Sold Price: $975,000
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 9
Income & Expenses
Annual Elec Exp: 2500
Annual Landscape Exp: 300
Annual Maint Exp: 1000
Annual Trash Exp: 3000
Annual Wtr/Swr Exp: 3240
Owner Association: No
Operating Exp: 13060
Gross Annual Sch Inc: 49800
Vacancy Allowance: 0.03
Adjusted Gross Inc: 48306
Net Operating Income: 35740
Pmt & Rate Info
Cap Rate: 4.55
Equity: 785000
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 1
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
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Other
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: See Remarks
Exterior Amenities: Separate Storage; Other (See Remarks)
Interior Amenities: Other (See Remarks)
Appliances Included: BI Oven/Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Carport; Free
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by 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
Reports/Disclosures: None
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 14 - 2024
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