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$1,299,000
Phoenix, AZ 85018
MLS# 6637076
1 / 3
Property Description
FANTASTIC OPPORTUNITY IN PRIME AREA OF ARCADIA!! Multi-family 4-plex fully rented. Properties have been updated and include all appliances, copper/pex plumbing, updated central heating/AC and newer water heaters. On site area for laundry with washer/dryer. Each unit also has a covered carport. Arcadia is a popular neighborhood known for its convenience & charm. Residents enjoy easy access to a variety of dining, shopping, & entertainment options, making it a perfect location. No appointments to show without an accepted contract - drive by only. Please do not disturb tenants.
Details
Maps
Contract Info
Current Price: $1,299,000
List Price: $1,299,000
Status: Active
List Date: 2023-12-01
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 3638
Compass: E
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 12 CAMELBACK HORIZONS MCR 007832
Subdivision: CAMELBACK HORIZONS
Assessor's Map #: 31
Assessor's Parcel #: 33
Add'l Parcels: No
Assessor Number: 170-31-033
Legal: LOT 12 CAMELBACK HORIZONS MCR 007832
Census Tract: 108302
Tax Municipality: Phoenix
Taxes: 3275
Tax Year: 2023
Marketing Name: Camelback Horizons
General Property Description
Lot Size Dimensions: 11683
Year Built: 1959
Total # of Units: 4
# of Buildings: 1
Zoning: Multi Family
Elementary School: Biltmore Preparatory Academy
Jr. High School: Ingleside Middle School
High School: Camelback High School
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 36th Street & Campbell
Directions: Camelback Road to 36th Street - S on 36th Street to Glenrosa Ave - E to property on South side
Geo Lat: 33.498634
Geo Lon: -112.002528
Status Change Info
Status Change Date: 2023-12-05
Legal Info
Township: 2N
Range: 3E
Section: 24
Lot Number: 12
Income & Expenses
Annual Elec Exp: 164
Annual Ins Exp: 251.58
Annual Landscape Exp: 100
Annual Trash Exp: 107.2
Owner Association: No
Operating Exp: 3897.78
Gross Annual Sch Inc: 40836
Vacancy Allowance: 0.03
Adjusted Gross Inc: 39610.92
Net Operating Income: 36938.02
Pmt & Rate Info
Cap Rate: 2.84
Down Payment %: 260000
Monthly Payments: 5368
Equity: 1299000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 828.33
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 918
Avg SqFt: 900
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping; Patio/Balcony
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Heat Pump
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Carport; Assigned
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: FHA; Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Redfin Corporation
Last Updated: March - 01 - 2024
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