$265,000
Phoenix, AZ 85020
MLS# 5830706
Status: Closed
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Property Description
This is a long standing 4 plex that is so easy to manage. Great location and room to grow the rents. Good mix of units! See Document Tab for Rent Roll and other information. DO NOT DISTURB TENANTS! Drive by only! Buyer to verify all Facts and Figures
Details
Maps
Documents
Contract Info
Current Price: $265,000
Sold Price: $265,000
Status: Closed
List Date: 2018-10-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 714
Compass: E
Street Name: CAROL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2139
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 12 TENGEN PLACE MCR 002040
Subdivision: TENGEN PLACE
Assessor's Map #: 37
Assessor's Parcel #: 71
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 159-37-071-A
Legal: LOT 12 TENGEN PLACE MCR 002040
Census Tract: 104701
Tax Municipality: Phoenix
Taxes: 1141
Tax Year: 2018
Marketing Name: Fourplex
General Property Description
Lot Size Dimensions: 140 X 73
Year Built: 1971
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 2
Zoning: MH
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: Hatcher and 7 Street
Directions: Go north of Hatcher to Carol. Turn East and Property is on the norhtside of the street
Geo Lat: 33.572561
Geo Lon: -112.064325
Status Change Info
Status Change Date: 2019-02-12
Off Market Date: 2019-02-07
Under Contract Date: 2019-02-06
Close of Escrow Date: 2019-02-12
Sold Price: $265,000
Legal Info
Township: 3N
Range: 3E
Section: 28
Lot Number: 12
Income & Expenses
Annual Elec Exp: 360
Annual Ins Exp: 700
Annual Maint Exp: 800
Annual Wtr/Swr Exp: 3000
Owner Association: No
Operating Exp: 6001
Gross Annual Sch Inc: 21600
Adjusted Gross Inc: 21600
Totl Mnth Rntal Inc: 1800
Net Operating Income: 15247
Pmt & Rate Info
Cap Rate: 4.62
Equity: 330000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 450
# Baths: 4
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block; Slump Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping; Fenced; Partially Fenced; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup
Heating: Central
Cooling: Ceiling Fan(s); Central A/C
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS
Gas: None
Parking: >1 Space Per Unit; Free
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Conventional
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Non Assumable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Non Assumable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Insurance Loss Run 
Listing Office: Gerchick Real Estate
Last Updated: February - 13 - 2019
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