$695,000
Tempe, AZ 85282
MLS# 5949684
Status: Closed
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Property Description
Amazing fully remodeled triplex in the heart of Tempe! This property has one 4 bedroom 2 bath home with a pool that has just been updated to pebble tech and new pool deck and also has a two car garage. The other two units are both two bedroom one bath units with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an amazing residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 5,000. This building is preforming at 7% cap on actual numbers. Drive by only all facts and figures are approx
Details
Maps
Contract Info
Current Price: $695,000
Sold Price: $695,000
Status: Closed
List Date: 2019-07-08
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R36
House Number: 521
Compass: W
Street Name: PEBBLE BEACH
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4826
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 LAGUNA ESTATES 2 MCR 012409
Subdivision: LAGUNA ESTATES 2
Assessor's Map #: 45
Assessor's Parcel #: 140
Add'l Parcels: Yes
Assessor Number: 123-45-140
Legal: LAGUNA ESTATES 2
Census Tract: 319705
Tax Municipality: Tempe
Taxes: 2200
Tax Year: 2018
Marketing Name: LAGUNA ESTATES APARTMENTS
General Property Description
Lot Size Dimensions: 9596
Year Built: 1972
Total # of Units: 3
# of Buildings: 1
Elementary School: Carminati School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Elementary School District: Tempe Elementary School District
Remarks & Misc
Cross Street: Southern & Mill
Directions: Head west on Southern and turn left on Roosevelt St, turn left on Pebble Beach Dr - home is on the right
Geo Lat: 33.390816
Geo Lon: -111.94705
Status Change Info
Status Change Date: 2019-12-20
Off Market Date: 2019-12-20
Under Contract Date: 2019-11-14
Close of Escrow Date: 2019-12-19
Sold Price: $695,000
Legal Info
Township: 1N
Range: 4E
Section: 33
Lot Number: 7
Income & Expenses
Annual Elec Exp: 600
Annual Ins Exp: 600
Annual Landscape Exp: 700
Annual Maint Exp: 3000
Annual Mgmt Exp: 2400
Owner Association: No
Annual Other Expense: 2200
Operating Exp: 11700
Gross Annual Sch Inc: 60000
Adjusted Gross Inc: 60000
Totl Mnth Rntal Inc: 5000
Net Operating Income: 48300
Pmt & Rate Info
Cap Rate: 6.9
Equity: 700000
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 775
# Baths: 1
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 2200
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Built-Up
Floors: Concrete
Sale Includes: Land & Building; Pool Equipment
Community Amenities: Pool
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator
Cooling: Electric
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: Garage; Carport; Street Parking; >1 Space Per Unit; Auto Door Opener
Roads/Streets: Private Street
Owner Pays: Landscaping; Pool/Spa Maintenance
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV
Source of Fincl Data: Unknown
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: No Carry; 1031 Exchange; Other (See Remarks)
Reports/Disclosures: None
Environmental: None
Supplements
approximate please verify MLS information
Listing Office: Grace CRE
Last Updated: February - 28 - 2023
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