$874,000
Phoenix, AZ 85003
MLS# 6697207
1 / 16
Property Description
Huge duplex being built with completion in May 2024. This duplex has 2 units, both units have 5 bedrooms and 2.5 baths each. Each unit has the primary bedroom downstairs along with the kitchen, family room and 1/2 bath. There are 4 bedrooms and a bathroom upstairs along with a walkout balcony that over looks downtown Phoenix. These are all new construction and come with a 1 year full builder warranty. Both units have a large 2 car carport and small private backyard as well, each unit is separately meter for water and electric both. So you can live in one unit and rent the other. Lending programs offer only 5% downpayment to purchase the building this way. Pictures will continue to get updated as the construction continues.
Details
Maps
Contract Info
Current Price: $874,000
List Price: $874,000
Status: Active
List Date: 2024-04-26
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 501
Compass: W
Street Name: MOHAVE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2745
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SAGUARO TR
Subdivision: SAGUARO TRACT
Assessor's Map #: 37
Assessor's Parcel #: 120
Add'l Parcels: No
Assessor Number: 112-37-120
Legal: SAGUARO TR
Census Tract: 114900
Tax Municipality: Phoenix
Taxes: 571
Tax Year: 2023
Marketing Name: Large Duplex
General Property Description
Lot Size Dimensions: Rectangular
Year Built: 2024
Uncvrd Parking Spcs: 8
Total # of Units: 2
# of Buildings: 1
Zoning: Multi
Flood Zone: No
Elementary School: Silvestre S Herrera School
Jr. High School: Silvestre S Herrera School
High School: Central High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th Ave & I17 freeway
Directions: 7th ave to Mohave and east to the building
Geo Lat: 33.430849
Geo Lon: -112.080703
Status Change Info
Status Change Date: 2024-04-26
Legal Info
Township: 1N
Range: 3E
Section: 17
Block: 6
Lot Number: 1
Income & Expenses
Annual Ins Exp: 1500
Annual Maint Exp: 1000
Owner Association: No
Operating Exp: 3071
Gross Annual Sch Inc: 68400
Adjusted Gross Inc: 68400
Totl Mnth Rntal Inc: 5700
Net Operating Income: 65100
Pmt & Rate Info
Cap Rate: 7.44
Equity: 875000
Showing Notification Methods
Showing Service: Aligned Showings
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 2950
Avg SqFt: 2200
# Baths: 25
Property Features
Project Type: Duplex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle; Rolled
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central A/C; 2 or More Units
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electric; Trash; Landscaping
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Other (See Remarks)
Listing Office: Realty Executives
Last Updated: May - 06 - 2024
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