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$1,190,000
Phoenix, AZ 85021
MLS# 6551016
Status: UCB (Under Contract-Backups)
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Property Description
Every interior has been renovated with all new appliances and section 8 tenants in place. Shared laundry with new washer/dryers by tenants. Gas is onsite and there are six shared water heaters. Units 1-4 share the green space and every unit has a patio and/or yard space. Owner has onsite storage for maintenance items. Proforma rents for the last three while one is being completed and the others are being filled with section 8 tenants. All facts and figures are approximate buyer verify MLS information. Drive by only.
Details
Maps
Contract Info
Current Price: $1,190,000
List Price: $1,190,000
Status: UCB (Under Contract-Backups)
List Date: 2023-04-28
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 1802
Compass: W
Street Name: VOGEL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 0914
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 19 BLOCK 1 IDLE EASE MCR 003320
Subdivision: IDLE EASE
Assessor's Map #: 21
Assessor's Parcel #: 82
Add'l Parcels: No
Assessor Number: 158-21-082
Legal: LOT 19 BLOCK 1 IDLE EASE MCR 003320
Census Tract: 104501
Tax Municipality: Phoenix
Taxes: 1105
Tax Year: 2022
Marketing Name: 8 on Vogel
General Property Description
Year Built: 1962
Uncvrd Parking Spcs: 10
Total # of Units: 8
# of Buildings: 2
Zoning: multifam
Flood Zone: No
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 19th Ave and Dunlap
Directions: Go north on 19th ave, turn right on Vogel, property will be on the left
Geo Lat: 33.573916
Geo Lon: -112.097724
Status Change Info
Status Change Date: 2024-05-13
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 3N
Range: 3E
Section: 30
Block: 1
Lot Number: 19
Income & Expenses
Annual Elec Exp: 5200
Annual Gas Exp: 2000
Annual Ins Exp: 3200
Annual Landscape Exp: 1000
Annual Maint Exp: 2500
Annual Mgmt Exp: 18000
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 1000
Owner Association: No
Operating Exp: 35005
Gross Annual Sch Inc: 186408
Vacancy Allowance: 0.05
Adjusted Gross Inc: 177087.6
Net Operating Income: 142082
Pmt & Rate Info
Cap Rate: 8.12
Equity: 1750000
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1340
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1924
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2863
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block; Brick
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Building(s) Only; Laundry Equipment
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator; Washer/Dryer
Heating: Heat Pump
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport; >1 Space Per Unit; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV; Other (See Remarks)
Source of Fincl Data: Provided by Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: CTL; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: May - 13 - 2024
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