$475,000
Phoenix, AZ 85014
MLS# 5832570
Status: Closed
1 / 46
Property Description
This is your opportunity to sit back, relax as you watch your investment grow. The property is an eye-pleasing, well-maintained gem in the trendy North Central Community. Located between Bethany & Glendale. REAR HOME is connected only by breezeway and features its own private pool. On-site laundry, covered parking round out the park like setting. Walking distance to the Vig, Rockery/ Richardson's and other trend setting establishments. Only 1 bed unit is on a lease. Owner originally occupied rear unit. Inspection upon contract. Rear gated RV parking. Flood Irrigation. Previously was orange orchard. Do not walk or talk to the tenants as they are unaware of the sale. All facts , figures, statements believed to be correct BUT BUYER to verify prior to COE any and all items of
Details
Maps
Documents
Contract Info
Current Price: $475,000
Sold Price: $475,000
Status: Closed
List Date: 2018-10-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 6221
Compass: N
Street Name: 14TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1753
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 11 ROSE LANE TERRACE MCR 007144
Subdivision: ROSE LANE TERRACE
Assessor's Map #: 9
Assessor's Parcel #: 54
Add'l Parcels: No
Assessor Number: 161-09-054
Legal: LOT 11 ROSE LANE TERRACE MCR 007144
Census Tract: 106502
Tax Municipality: Phoenix
Taxes: 2043
Tax Year: 2017
Marketing Name: Rose Lane Terrace Triple
General Property Description
Lot Size Dimensions: 10781
Year Built: 1958
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 2
Zoning: R3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 16th St & Bethany Home Rd
Directions: SR-51 to 16th st or 12th St. North to Rose Lane .; East or West to 14th St North on 14th to property. 100% occupied
Geo Lat: 33.528281
Geo Lon: -112.051019
Status Change Info
Status Change Date: 2018-12-01
Off Market Date: 2018-10-29
Under Contract Date: 2018-10-28
Close of Escrow Date: 2018-11-30
Sold Price: $475,000
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 11
Income & Expenses
Annual Ins Exp: 1200
Annual Landscape Exp: 2140
Annual Maint Exp: 750
Annual Mgmt Exp: 2579
Annual Wtr/Swr Exp: 1500
Owner Association: No
Operating Exp: 10212
Gross Annual Sch Inc: 31518
Vacancy Allowance: 0.03
Adjusted Gross Inc: 30572.46
Totl Mnth Rntal Inc: 2626
Net Operating Income: 20360
Pmt & Rate Info
Cap Rate: 4.11
Equity: 495000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 988
# Baths: 1
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: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: Pool
Exterior Amenities: Green Landscaping; Fenced; Cable TV Available; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Disposal
Heating: Natural Gas; Individual; Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport; Street Parking; <1 Space Per Unit; 1 Space/Unit; Attached; Add'l Parking Avail; Assigned; RV/Boat Parking; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
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: VA; FHA; Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
A lead-based hazard disclosure 
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: December - 04 - 2018
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.