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$175,000
Phoenix, AZ 85009
MLS# 5508608
Status: Closed
1 / 1
Property Description
Fantastic investment opportunity! Four units, with opportunity to own eight units. These units are always rented, and many have long term tenants in them. Each unit is one bedroom and one bathroom with washer and dryer hookups. Rent averages $450 per unit per month. Each unit is individually metered. Also for sale is adjacent property at 3135 Almeria.
Details
Maps
Contract Info
Current Price: $150,000
Sold Price: $150,000
Status: Closed
List Date: 2016-10-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P33
House Number: 3129
Compass: W
Street Name: Almeria
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Country: USA
County Code: Maricopa
Assessor's Map #: 26
Assessor's Parcel #: 107
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 108-26-107-C
Legal: Northwest Homesites 2 LOT 5 & E 10' LOT 6 BLK 24
Tax Municipality: Phoenix
Taxes: 1244
Tax Year: 2015
Marketing Name: N/A
General Property Description
Lot Size Dimensions: .16 acres/ 7,140 sqft
Year Built: 1966
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: R-4 (M-H)
Elementary School: Esperanza Elementary School - 85009
Jr. High School: Isaac Middle School
High School: Carl Hayden High School
Elementary School District: Isaac Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Mcdowell and 32nd ave
Directions: I 10 exit at 35th Ave, North to McDowell, East to 32nd Ave, North to Almeria, East to complex
Geo Lat: 33.4668
Geo Lon: -112.126398
Status Change Info
Status Change Date: 2016-12-16
Off Market Date: 2016-12-12
Under Contract Date: 2016-11-07
Close of Escrow Date: 2016-12-15
Sold Price: $150,000
Legal Info
Township: 2N
Range: 2E
Section: 35
Block: 24
Lot Number: 5
Income & Expenses
Annual Ins Exp: 1160
Annual Wtr/Swr Exp: 4800
Owner Association: No
Annual Other Expense: 1600
Operating Exp: 8804
Totl Mnth Rntal Inc: 1800
Net Operating Income: 12796
Pmt & Rate Info
Cap Rate: 7.31
Equity: 175000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 450
Avg SqFt: 552
# Baths: 1
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: Comp Shingle
Floors: Concrete
Sale Includes: Land & Building
Community Amenities: No Pool
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Tax Return
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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: CTL; VA; FHA; Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Realty ONE Group
Last Updated: February - 23 - 2021
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