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$599,000
Phoenix, AZ 85020
MLS# 6691433
Status: UCB (Under Contract-Backups)
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Property Description
Renovated, positive cash flowing 4 plex in the heart of Central Phoenix.Interior amenities include; new plumbing, new wood plank vinylflooring, new interior paint, fully equippedkitchens with stainless appliances and newcounter tops, updated bathrooms, new hardware, lighting, and shutters throughout. Additionally, the sewer line and exterior plumbing was all just replaced. New electrical panels installed throughout, new exterior paint , new landscaping, and new fencing. There is a common laundry area and separate storage, and all units are separately metered. Close to Route 51, Interstate 10, Downtown Phoenix, and Biltmore.
Details
Maps
Contract Info
Current Price: $599,000
List Price: $599,000
Status: UCB (Under Contract-Backups)
List Date: 2024-04-13
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 9028
Compass: N
Street Name: 11TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2692
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 24 WALTMORE MCR 002914
Subdivision: WALTMORE
Assessor's Map #: 35
Assessor's Parcel #: 106
Add'l Parcels: No
Assessor Number: 159-35-106
Legal: WALTMORE
Census Tract: 104702
Tax Municipality: Phoenix
Taxes: 797
Tax Year: 2023
Marketing Name: WALTMORE
General Property Description
Lot Size Dimensions: .209 acres
Year Built: 1944
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 3
Zoning: M-H
Flood Zone: No
Elementary School: Sunnyslope Elementary School
High School: Sunnyslope High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 12th Street and Northern
Geo Lat: 33.568877
Geo Lon: -112.059766
Status Change Info
Status Change Date: 2024-05-16
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 3N
Range: 3E
Section: 28
Lot Number: 24
Income & Expenses
Owner Association: No
Operating Exp: 797
Gross Annual Sch Inc: 51480
Adjusted Gross Inc: 51480
Net Operating Income: 51480
Pmt & Rate Info
Cap Rate: 8.59
Equity: 599000
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 2
Avg Rent: 900
Avg SqFt: 350
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1395
Avg SqFt: 825
# Baths: 1
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Wood; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Other; See Remarks
Exterior Amenities: Fenced; Separate Storage
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Cooling: Window/Wall Unit; Individual
Water: Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water
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: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: SRL Group
Last Updated: May - 16 - 2024
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