$435,000
Phoenix, AZ 85021
MLS# 5833487
Status: Closed
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Property Description
Extremely well located investment property on nearly a half acre in a wonderful mature Central Phoenix neighborhood. Buildings are surrounded by upgraded single family homes, so it's a truly a one-of-a-kind multi-family property. Total of 4 Dwelling Units configured in 2 Duplexes with Value Added Rental upside. Currently fully tenant occupied. All units have separate washer & dryer hookups with additional on-site storage available. Shared Driveway has been recently re-paved. NOTE: Please see Documents under Documents TAB for Disclosure Notice to Prospective Purchasers. Any Tenant owned appliances (refrigerators, washers, dryers) do not convey with purchase.
Details
Maps
Contract Info
Current Price: $435,000
Sold Price: $435,000
Status: Closed
List Date: 2018-10-15
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 929
Compass: W
Street Name: MYRTLE
St Suffix: Avenue
Unit #: 1-4
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 8682
Country: USA
County Code: Maricopa
Building Number: 1-2
Legal Description (Abbrev): S 255FOF N 280F OF W2 W2 E2 NW4 SE4 SE4
Subdivision: Metes and Bounds
Assessor's Map #: 10
Assessor's Parcel #: 42
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 157-10-042-C
Legal: S 255F OF N 280F OF W2 W2 E2 NW4 SE4 SE4 SEC 6, T2N, R3E
Census Tract: 106100
Tax Municipality: Phoenix
Taxes: 1245
Tax Year: 2018
Marketing Name: 2-Duplexes
General Property Description
Lot Size Dimensions: 83 x 255
Year Built: 1956
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R1-10
Elementary School: Orangewood School
Jr. High School: Orangewood School
High School: Washington High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: GLENDALE AVE & 7th AVE
Directions: North on Glendale AVE to Myrtle AVE; West on Myrtle AVE to Multi-Family Homes on South Side of Myrtle AVE.
Geo Lat: 33.541615
Geo Lon: -112.085599
Status Change Info
Status Change Date: 2018-11-19
Off Market Date: 2018-11-19
Under Contract Date: 2018-10-17
Close of Escrow Date: 2018-11-19
Sold Price: $435,000
Legal Info
Township: 2N
Range: 3E
Section: 6
Lot Number: Metes and Bounds
Income & Expenses
Annual Elec Exp: 140
Annual Ins Exp: 2650
Annual Landscape Exp: 3900
Annual Maint Exp: 4637
Annual Mgmt Exp: 4068
Annual Trash Exp: 420
Annual Wtr/Swr Exp: 2163
Owner Association: No
Annual Other Expense: 350
Operating Exp: 19573
Gross Annual Sch Inc: 30544
Vacancy Allowance: 0.05
Adjusted Gross Inc: 29016.8
Totl Mnth Rntal Inc: 2622
Net Operating Income: 10570
Pmt & Rate Info
Cap Rate: 3.25
Monthly Payments: 840
1st Encumbrance: 20605
1st Interest Rate: 9
1st Years Remaining: 4
Total Owed: 20605
Equity: 304395
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 655
Avg SqFt: 880
# Baths: 4
Contact Info
List Agent Home Phn: 480-767-7799
List Agent Cell Phn2: 602-397-0524
Sold Info
Loan Type: Conventional
Loan Years: 25
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Duplex; Four Plex
Construction: Block; Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle; Tile
Floors: Concrete; Vinyl; Carpet
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping; Cable TV Available; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Washer/Dryer; W/D Hookup; Other (See Remarks)
Heating: Natural Gas; Individual; Central
Cooling: Electric; Individual; Central A/C
Water: Irrigation; Master Meter; CAP
Sewer: Sewer - Public; Sewer - Available; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Underground; Individual Meter
Parking: Carport; Street Parking; <1 Space Per Unit; Assigned; Paved Parking
Roads/Streets: Asphalt; Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Other (See Remarks)
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: CTL; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: February - 10 - 2021
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