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$460,000
Fountain Hills, AZ 85268
MLS# 5488302
Status: Closed
1 / 25
Property Description
ONLY 4 PLEX ON THE MARKET IN TOWN!! - RARE FOUNTAIN HILLS INVESTMENT OPPORTUNITY! 2 - 2 bedroom 2 bathroom units (1275 SF) and 2- 2 bedroom 1 bathroom units (900SF) within the complex. Each unit has covered parking space and laundry. 100% occupancy with ample room for revenue increases. Efficient block construction. Easy to lease properties in very desirable area. Great location in the center of beautiful Fountain Hills close to grocery stores, restaurants, shopping, banks, coffee shops, etc.. . Buyer to confirm all facts and figures.
Details
Maps
Contract Info
Current Price: $445,000
Sold Price: $445,000
Status: Closed
List Date: 2016-08-24
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L40
House Number: 16640
Compass: E
Street Name: ALMONT
St Suffix: Drive
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 2790
Country: USA
County Code: Maricopa
Legal Description (Abbrev): FOUNTAIN HILLS ARIZONA FINAL PLAT NO 102
Subdivision: FOUNTAIN HILLS AZ FP 102 BLK 1,2,3
Assessor's Map #: 5
Assessor's Parcel #: 30
Add'l Parcels: No
Assessor Number: 176-05-030
Legal: FOUNTAIN HILLS ARIZONA FINAL PLAT NO 102
Census Tract: 216818
Tax Municipality: Fountain Hills
Taxes: 1803
Tax Year: 2015
Marketing Name: 4 PLEX
General Property Description
Lot Size Dimensions: 113x126x120x125
Year Built: 1974
Total # of Units: 4
# of Buildings: 2
Zoning: RES MULTI
Elementary School: McDowell Mountain Elementary School
Jr. High School: Fountain Hills Middle School
High School: Fountain Hills High School
Elementary School District: Fountain Hills Unified District
High School District: Fountain Hills Unified District
Remarks & Misc
Cross Street: Saguaro & Palisades
Directions: From the intersection of Saguaro Blvd and Palisades Blvd proceed West on Palisades to Almont Drive. Turn right (North) onto Almont, property is on the left (West) side of the Rd. No sign on property.
Geo Lat: 33.610226
Geo Lon: -111.720528
Status Change Info
Status Change Date: 2017-01-20
Off Market Date: 2016-12-29
Under Contract Date: 2016-11-26
Close of Escrow Date: 2017-01-20
Sold Price: $445,000
Legal Info
Township: 3N
Range: 6E
Section: 15
Block: 2
Lot Number: 22
Income & Expenses
Annual Ins Exp: 1974
Annual Landscape Exp: 1300
Annual Mgmt Exp: 4875
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 12352
Gross Annual Sch Inc: 37500
Adjusted Gross Inc: 37500
Totl Mnth Rntal Inc: 3125
Net Operating Income: 25148
Pmt & Rate Info
Cap Rate: 5.47
Equity: 460000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 756
Avg SqFt: 1087
# Baths: 6
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up; Foam
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Cable TV Available; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Street Parking; 1 Space/Unit; Assigned
Roads/Streets: Gravel; Dirt; Asphalt; Private Street
Owner Pays: Water; Landscaping
Tenant Pays: Electric; Trash; 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: Seller Prop Disc Stm
Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: November - 07 - 2017
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