$750,000
Phoenix, AZ 85041
MLS# 6029355
Status: Closed
1 / 33
Property Description
Over $93,000 in revenue from fully leased complex. LOS PINOS sign on corner of this 10 unit compound with great courtyard feeling. Exterior repainting completed February 2020. 5 Building Configuration: Building 1-UNIT 1, 3 BR 1 Bath; Building 2-UNIT 2, 1 BR 1 Bath; Building 3-UNITS 3,4,5,6,7, ALL 1 BR 1 Bath; Building 4-UNIT 8, 1 BR 1 Bath Building 5-UNIT 9, 2 BR 1 Bath & UNIT 10, 1 BR 1 Bath. 10 Parking Spaces, 7 paved on south end of lot and 3 unpaved on west side of lot. See Documents section for Information on; Rent & Expenses, Completed remodeling cost and photo of building and unit location. County Year Built 1936-793 sq ft, 1950-2000 sq ft, 1957-968 sq ft & 462 sq ft, 1958-484 sq ft. Lot dimensions per county W 200.76, E 200.25, N 121.04, S 119.81.
Details
Maps
Contract Info
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2020-01-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: $
Location, Tax & Legal
Map Code/Grid: R34
House Number: 48
Compass: W
Street Name: TAMARISK
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85041
Zip4: 2423
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SEC 29 1N 3E LOT 10 BEG 773' S & 533' W OF NE COR NW4 W 117' S 200' E 117' N 200' TO BEG .53 AC
Assessor's Map #: 30
Assessor's Parcel #: 48
Add'l Parcels: No
Assessor Number: 113-30-048
Legal: SEC 29 1N 3E LOT 10 BEG 773' S & 533' W OF NE COR NW4 W 117' S 200' E 117' N 200' TO BEG .53 AC
Census Tract: 115802
Tax Municipality: Phoenix
Taxes: 1341
Tax Year: 2019
Marketing Name: none
General Property Description
Lot Size Dimensions: W 200.76, E 200.25, N 121.04, S 119.81
Year Built: 1950
Uncvrd Parking Spcs: 10
Total # of Units: 10
# of Buildings: 4
Zoning: R-3
Elementary School: Sunland Elementary School
Jr. High School: Sunland Elementary School
High School: Cesar Chavez High School
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Broadway & Central
Directions: South of Broadway on Central, West on Tamarisk. Property on the NE corner of 2nd Ave and Tamarisk.
Geo Lat: 33.404308
Geo Lon: -112.075297
Status Change Info
Status Change Date: 2020-11-03
Off Market Date: 2020-11-03
Under Contract Date: 2020-09-15
Close of Escrow Date: 2020-11-03
Sold Price: $750,000
Legal Info
Township: 1N
Range: 3E
Section: 29
Income & Expenses
Annual Elec Exp: 6300
Annual Gas Exp: 4000
Annual Ins Exp: 1500
Annual Wtr/Swr Exp: 3600
Owner Association: No
Operating Exp: 16741
Gross Annual Sch Inc: 87600
Vacancy Allowance: 0.1
Adjusted Gross Inc: 78840
Totl Mnth Rntal Inc: 7300
Net Operating Income: 62099
Pmt & Rate Info
Cap Rate: 7.81
Equity: 795000
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 750
Avg SqFt: 400
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 950
Avg SqFt: 500
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 300
Avg SqFt: 800
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco; Siding
Roofing: Comp Shingle; Metal
Floors: Concrete; Vinyl; Sealed; Wood
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Partially Fenced; Patio/Balcony; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Refrigerator; Washer/Dryer
Heating: Natural Gas; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Window/Wall Unit; Individual; Central A/C; 2 or More Units
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; 1 Space/Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Reports/Disclosures: Boundary Survey Avlb
Environmental: None
Listing Office: RE/MAX Excalibur
Last Updated: November - 03 - 2020
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Broker Attribution:
480-612-7475