$815,000
Phoenix, AZ 85008
MLS# 6664741
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Property Description
This meticulously updated triplex rental property boasts a vibrant tempo, featuring two cozy 1-bedroom units and one spacious 2-bedroom unit. All units are currently leased. Each residence is equipped with convenient covered parking and refreshing air conditioning to ensure maximum tenant satisfaction. The effortlessly maintained landscaping adds a touch of charm to the outdoor spaces. Nestled near Papago Park, the Phoenix Zoo, and SR 143, residents enjoy easy access to exciting local destinations. Prospective buyers are encouraged to conduct thorough due diligence to secure this promising investment opportunity.
Details
Maps
Contract Info
Current Price: $815,000
List Price: $815,000
Status: Active
List Date: 2024-02-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4832
Compass: E
Street Name: WILLETTA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 5878
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 PALOMINO ESTATES MCR 008323
Subdivision: PALOMINO ESTATES
Assessor's Map #: 13
Assessor's Parcel #: 51
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 125-13-051-A
Legal: LOT 7 PALOMINO ESTATES MCR 008323
Census Tract: 111202
Tax Municipality: Phoenix
Taxes: 841
Tax Year: 2023
Marketing Name: PALOMINO ESTATES
General Property Description
Lot Size Dimensions: 111,202
Year Built: 1960
Total # of Units: 3
# of Buildings: 1
Zoning: R3
Flood Zone: No
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 48th Street and McDowell
Geo Lat: 33.463558
Geo Lon: -111.976775
Status Change Info
Status Change Date: 2024-02-21
Legal Info
Township: 1N
Range: 4E
Section: 5
Lot Number: 7
Income & Expenses
Owner Association: No
Operating Exp: 841
Gross Annual Sch Inc: 52321.8
Vacancy Allowance: 0.03
Adjusted Gross Inc: 50752.15
Net Operating Income: 48136.06
Pmt & Rate Info
Cap Rate: 5.81
Down Payment %: 25
Monthly Payments: 697500
Equity: 829000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1695
Avg SqFt: 800
# Baths: 1
Contact Info
List Agent Home Phn: 480-239-7793
Property Features
Project Type: Tri-Plex
Construction: Block; Brick
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: See Remarks
Exterior Amenities: Green Landscaping; Desert Landscaping
Interior Amenities: Fire Sprinklers
Appliances Included: F/S Oven/Range; Refrigerator; Microwave
Cooling: Ceiling Fan(s); Window/Wall Unit
Water: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: 1 Space/Unit; Add'l Parking Avail
Roads/Streets: Concrete; Sidewalk(s)
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: ARRT of Real Estate
Last Updated: April - 22 - 2024
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