$700,000
5641 S JACARANDA Road
Gold Canyon, AZ 85118
MLS# 6210909
Status: Closed



5641 S JACARANDA Road, Gold Canyon, AZ 85118
  1 / 1  
5641 S JACARANDA Road, Gold Canyon, AZ 85118

Property Description
This property is in the Stunning area of Gold Canyon. The views are spectacular and where will you find 2 bedroom units that are over 1000 square feet? All 2 bedroom-2.5 bathroom units are occupied. See the rental study-rents are substantially under market. Most rents are month to month. All documents are under the tab and there is little product available in this area. Perfect to use for a short term rental! Buyer to verify all facts and figures..

Details
Maps
Contract Info
Current Price: $700,000
Sold Price: $700,000
Status: Closed
List Date: 2021-03-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: S46
House Number: 5641
Compass: S
Street Name: JACARANDA
St Suffix: Road
City/Town Code: Gold Canyon
State/Province: AZ
Zip Code: 85118
Country: USA
County Code: Pinal
Assessor's Map #: 13
Assessor's Parcel #: 68
Add'l Parcels: No
Assessor Number: 104-13-068
Legal: Legal Description supplied by title to govern
Tax Municipality: Apache Junction
Taxes: 3150
Tax Year: 2020
Marketing Name: Fourplex
General Property Description
Lot Size Dimensions: IRR
Year Built: 1997
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 1
Zoning: CR-5
Jr. High School: Peralta School
High School: Apache Junction High School
Elementary School District: Out of Area
High School District: Out of Area
Remarks & Misc
Cross Street: ALAMEDA/KINGS RANCH
Directions: Take S Kings Ranch Rd to S Jacaranda Rd 4 min (1.7 mi) Slight left toward S Kings Ranch Rd 256 ft Continue onto S Kings Ranch Rd 1.4 mi Turn left onto S Alameda Rd Jacaranda turn south and property EA
Geo Lat: 33.363486
Geo Lon: -111.436046
Status Change Info
Status Change Date: 2021-05-24
Off Market Date: 2021-05-02
Under Contract Date: 2021-05-01
Close of Escrow Date: 2021-05-24
Sold Price: $700,000
Legal Info
Lot Number: 68
Income & Expenses
Annual Ins Exp: 2300
Annual Maint Exp: 1500
Annual Mgmt Exp: 5550
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Other Expense: 600
Operating Exp: 14900
Gross Annual Sch Inc: 57216
Vacancy Allowance: 0.03
Adjusted Gross Inc: 55499.52
Totl Mnth Rntal Inc: 2625
Net Operating Income: 40600
Pmt & Rate Info
Cap Rate: 5.6
1st Interest Rate: 6
1st Payment Freq: None
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 725000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 650
Avg SqFt: 1075
# Baths: 2
Sold Info
Loan Type: Cash
Loan Years: 30
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual; Heat Pump
Cooling: Heat Pump; Individual
Water: Private Franchise; Individual Meter
Sewer: Septic in & Cnctd
Electric: SRP; Individual Meter
Gas: None
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electric; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Special: Unincorporated Area
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Fixed
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; Wraparound; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: Gerchick Real Estate

Last Updated: May - 24 - 2021

5641 S JACARANDA Road, Gold Canyon, AZ 85118 - MLS# 6210909
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.