$199,000
Phoenix, AZ 85003
MLS# 5856026
Status: Closed
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Property Description
Beautiful opportunity to own 3 separate detached rental homes walking distance to down town Phoenix! This is a cash cow triplex! Each unit is Sante Fe/Casita style units & each unit is 1 bed 1 bath! Great investment & great value add opportunity with room to increase rents!! Some Long term tenants! $13K in recently improved/new stucco!
Details
Maps
Contract Info
Current Price: $199,000
Sold Price: $199,000
Status: Closed
List Date: 2018-12-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 915
Compass: S
Street Name: MONTEZUMA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 BLOCK 30 MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102 MCR 000240
Subdivision: MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102
Assessor's Map #: 24
Assessor's Parcel #: 93
Add'l Parcels: No
Assessor Number: 112-24-093
Legal: LOT 7 BLOCK 30 MONTGOMERY ADD AMD BLKS 75, 83, 84, 91, 99-102 MCR 000240
Census Tract: 114200
Tax Municipality: Maricopa - COUNTY
Taxes: 360
Tax Year: 2018
Marketing Name: triplex
General Property Description
Lot Size Dimensions: 129 X 50
Year Built: 1940
Total # of Units: 3
# of Buildings: 3
Zoning: [R-4] Multiple
Elementary School: Lowell Elementary School - Phoenix
High School: Central High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Central & Buckeye Rd
Directions: West approximtely 3 Blocks to Montezuma St., then North 2 blocks
Geo Lat: 33.438527
Geo Lon: -112.077992
Status Change Info
Status Change Date: 2019-03-30
Off Market Date: 2019-03-02
Under Contract Date: 2019-02-25
Close of Escrow Date: 2019-03-29
Sold Price: $199,000
Legal Info
Township: 1N
Range: 3E
Section: 8
Block: 30
Lot Number: 7
Income & Expenses
Annual Ins Exp: 600
Annual Landscape Exp: 495
Annual Mgmt Exp: 1480
Annual Wtr/Swr Exp: 1531
Owner Association: No
Operating Exp: 4466
Vacancy Allowance: 0.05
Net Operating Income: 10839
Pmt & Rate Info
Cap Rate: 4.98
Equity: 217500
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 498
Avg SqFt: 450
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 3750
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Other (See Remarks)
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced; Partially Fenced
Appliances Included: BI Oven/Range; Refrigerator
Heating: None
Cooling: Evaporative Cooling
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas; None
Parking: Street Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner; Projected Proforma
Special: Owner/Agent
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: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; None
Environmental: None
Listing Office: Rosenbaum Realty Group
Last Updated: June - 12 - 2020
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