$220,000
Phoenix, AZ 85008
MLS# 5861269
Status: Closed
1 / 12
Property Description
Fix up opportunity. 4 - 1 bedroom 1 bath units in two separate duplexes on one parcel, on corner lot. Separate Electric and Gas meters. Roof and Electrical breakers were replaced sometime in the year of 2000's. Two units were refurbished in the past, two are in need. Plenty of room for expansion, upward or out This can remain as rental units or live in one unit and rent the others out to cover mortgage. Current rents below market. Great cash flow property once repairs are done. The area is always in demand for rental units since it is central to freeways Scottsdale, Tempe, Sky Harbor Airport, and hospitals etc. Location! Location! Location! Centrally Located. Great Investment Opportunity!!! Time for another investor to profit! Hurry, won't last!
Details
Contract Info
Current Price: $195,000
Sold Price: $195,000
Status: Closed
List Date: 2018-12-29
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 2602
Compass: E
Street Name: MONTE VISTA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2751
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SUNSET AC W 60' LOT 19 EX S 20' & EX 15' TRI IN SW COR FOR RD
Subdivision: SUNSET ACRES
Assessor's Map #: 30
Assessor's Parcel #: 16
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 120-30-016-B
Legal: SUNSET AC W 60' LOT 19 EX S 20' & EX 15' TRI IN SW COR FOR RD
Census Tract: 111501
Tax Municipality: Phoenix
Taxes: 891
Tax Year: 2018
Marketing Name: Unknown
General Property Description
Lot Size Dimensions: 60' X 150'
Year Built: 1950
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 2
Zoning: R4
Elementary School: Creighton Elementary School
Jr. High School: Monte Vista Elementary School
High School: Monte Vista Elementary School
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 24th St and North of McDowell
Geo Lat: 33.471944
Geo Lon: -112.025802
Status Change Info
Status Change Date: 2019-01-25
Off Market Date: 2019-01-25
Under Contract Date: 2019-01-06
Close of Escrow Date: 2019-01-25
Sold Price: $195,000
Legal Info
Township: 2N
Range: 3E
Section: 35
Lot Number: 19
Income & Expenses
Annual Ins Exp: 1200
Annual Wtr/Swr Exp: 2640
Owner Association: No
Operating Exp: 4731
Vacancy Allowance: 0.5
Pmt & Rate Info
Equity: 230000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 525
Avg SqFt: 473
# Baths: 1
Contact Info
List Agent Home Phn: 602-763-9795
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
Const - Finish: Painted
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Other; See Remarks
Appliances Included: F/S Oven/Range
Heating: Individual
Cooling: Ceiling Fan(s); Window/Wall Unit; Individual
Water: Irrigation; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Street Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
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: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: New Venture Realty
Last Updated: June - 17 - 2019
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Broker Attribution:
602-763-9795
