$999,000
Phoenix, AZ 85014
MLS# 6258504
Status: Closed
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Property Description
Amazing Triplex opportunity in a prime Phoenix location and quiet neighborhood surrounded by single family homes. *Madison School District* 2 units are 1 bed 1 bath and 1 unit is 2 bed 1 bath. .Newer air conditioning units on 2 of 3 units. Irrigated lush property. 4 covered parking spots and full washer dryer facility on the premises. One tenant is on a month to month lease giving you access for owner occupancy/ financing! the other two tenants have 6 months left on their lease.
Details
Maps
Contract Info
Current Price: $999,000
Sold Price: $999,000
Status: Closed
List Date: 2021-07-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 919
Compass: E
Street Name: OCOTILLO
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1059
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 ORANGEDALE TERRACE MCR 007730
Subdivision: ORANGEDALE TERRACE
Assessor's Map #: 5
Assessor's Parcel #: 80
Add'l Parcels: No
Assessor Number: 161-05-080
Legal: LOT 2 ORANGEDALE TERRACE MCR 007730
Census Tract: 106501
Tax Municipality: Phoenix
Taxes: 2205
Tax Year: 2020
Marketing Name: Phoenix Tri-Plex
General Property Description
Lot Size Dimensions: 9065
Year Built: 1955
Total # of Units: 3
# of Buildings: 1
Zoning: R1-6
Elementary School: Madison #1 Middle School
Jr. High School: Madison #1 Middle School
High School: North High School
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Glendale & 10th Street
Geo Lat: 33.534366
Geo Lon: -112.061124
Status Change Info
Status Change Date: 2021-12-11
Off Market Date: 2021-12-11
Under Contract Date: 2021-10-19
Close of Escrow Date: 2021-12-10
Sold Price: $999,000
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 2
Income & Expenses
Annual Ins Exp: 820
Annual Landscape Exp: 1200
Annual Wtr/Swr Exp: 1560
Owner Association: No
Operating Exp: 5785
Gross Annual Sch Inc: 17000
Adjusted Gross Inc: 17000
Totl Mnth Rntal Inc: 1400
Net Operating Income: 17000
Pmt & Rate Info
Cap Rate: 1.7
Equity: 999000
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 700
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 875
Avg SqFt: 910
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession to Seller: 24063
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Fenced
Appliances Included: BI Oven/Range; F/S Oven/Range; Refrigerator; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water: Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Carport; 1 Space/Unit; Add'l Parking Avail
Roads/Streets: Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Phone Call
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; Conventional; Seller May Carry; Lease Purchase; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: West USA Realty
Last Updated: June - 29 - 2023
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