$1,250,000
Phoenix, AZ 85016
MLS# 6638604
1 / 25
Property Description
No P&L, No T-12 or Financials. Seller Finance with minimum $250K Down Payment & 6% Interest only payment 3 years balloon payment. 5-Plex has 5 Single story, garden style community located in the highly sought after 85016 area code. The property offers several potential options for investors. The Seller has previously been told that can be approved for 9 luxury townhomes or can be updated the existing units & add 4 more units. The Lot size is 25,579 and it is comprised of 4 X1 bed/1 bath units, and one 2 bed/1 bath unit + one storage building. All units have in suite laundry & under roof parking next to each unit. The 5plex offers a large greenbelt with several large shade trees. During the Seller's ownership property been kept in great condition.
Details
Maps
Contract Info
Current Price: $1,250,000
List Price: $1,250,000
Status: Active
List Date: 2023-12-08
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4208
Compass: N
Street Name: 17TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5355
Country: USA
County Code: Maricopa
Legal Description (Abbrev): MORNINGSIDE AC PT LOT 20 N2
Subdivision: MORNINGSIDE ACRES
Assessor's Map #: 28
Assessor's Parcel #: 42
Add'l Parcels: No
Assessor Number: 163-28-042
Legal: MORNINGSIDE AC PT LOT 20 N2
Census Tract: 108501
Tax Municipality: Phoenix
Taxes: 1266
Tax Year: 2023
Marketing Name: APARTMENTS ON HUGE LOT
General Property Description
Lot Size Dimensions: 298.49 X 85.45 X 86.13 X 298.43(25,579 SQFT)
Year Built: 1950
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 6
Zoning: R3 MULTI FAMILY
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 17TH ST & INDIAN SCHOOL RD
Directions: INDIAN SCHOOL RD TO 17TH STREET. NORTH ON 17TH STREET TO PROPERTY ON THE LEFT
Geo Lat: 33.49681
Geo Lon: -112.046002
Status Change Info
Status Change Date: 2023-12-08
Legal Info
Township: 2N
Range: 3E
Section: 22
Lot Number: 20
Income & Expenses
Annual Ins Exp: 1500
Annual Landscape Exp: 1500
Annual Wtr/Swr Exp: 3100
Owner Association: No
Operating Exp: 7366
Gross Annual Sch Inc: 69000
Other Income: 2100
Adjusted Gross Inc: 71100
Totl Mnth Rntal Inc: 5750
Net Operating Income: 59700
Pmt & Rate Info
Cap Rate: 4.78
Equity: 1250000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1100
Avg SqFt: 485
# Baths: 4
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 645
# Baths: 2
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Fenced
Interior Amenities: Unfurnished
Appliances Included: None
Heating: Central
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport; Street Parking; Add'l Parking Avail
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Realty ONE Group
Last Updated: May - 07 - 2024
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.