$455,000
Phoenix, AZ 85013
MLS# 5977051
Status: Closed
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Property Description
Fully remodeled duplex in the heart of Phoenix with no expense spared. This is a true ''turn key'' investment. New 30 year roof, new dual pane windows, new flooring throughout (no carpet!), new shaker style cabinets, new vanities, new toilets, new shower surrounds, quartz countertops, new stainless steel appliances. These units are hip and trendy. One unit is a 2 bed 1 bath that rents for $1295, the other unit is a 3 bed 2 bath and rents for $1395. Each unit has inside washer/dryer hookups and private yards. All this and tenants pay all utilities! Water, gas, power all individually metered. Location couldn't be better - walk or bike to Lux, Clever Koi, Pane Bianco, George and Dragon or the light rail for a few minute's ride to downtown.
Details
Contract Info
Current Price: $437,500
Sold Price: $437,500
Status: Closed
List Date: 2019-09-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N33
House Number: 4220
Compass: N
Street Name: 3rd
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 3031
Country: USA
County Code: Maricopa
Subdivision: Indian Park
Assessor's Map #: 32
Assessor's Parcel #: 23
Add'l Parcels: No
Assessor Number: 155-32-023
Legal: LOT 23 INDIAN PARK MCR 003937
Tax Municipality: Phoenix
Taxes: 991
Tax Year: 2019
Marketing Name: Remodeled
General Property Description
Lot Size Dimensions: 6720
Year Built: 1950
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: 1
Zoning: R-4/m-h
Elementary School: Clarendon School
Jr. High School: Osborn Middle School
High School: Central High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Indian School road and 3rd ave
Directions: Indian School Rd to 3rd Ave. One block north to 4220
Geo Lat: 33.497549
Geo Lon: -112.078426
Status Change Info
Status Change Date: 2019-10-16
Off Market Date: 2019-10-16
Under Contract Date: 2019-09-14
Close of Escrow Date: 2019-10-15
Sold Price: $437,500
Legal Info
Township: 2n
Range: 3E
Section: 20
Lot Number: 23
Income & Expenses
Annual Ins Exp: 800
Owner Association: No
Operating Exp: 1791
Gross Annual Sch Inc: 32280
Adjusted Gross Inc: 32247.72
Totl Mnth Rntal Inc: 2690
Net Operating Income: 30389
Pmt & Rate Info
Cap Rate: 6.68
Equity: 455000
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1295
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1395
Avg SqFt: 900
# Baths: 175
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Duplex
Construction: Brick
Const - Finish: Other (See Remarks)
Roofing: Comp Shingle
Floors: Wood
Sale Includes: Land & Building
Community Amenities: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Microwave; W/D Hookup
Cooling: Central A/C
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Paved Parking
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electric; Gas; Trash; Cable TV; Landscaping
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Go 4 Cash Flow
Last Updated: October - 16 - 2019
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