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$980,000
Laveen, AZ 85339
MLS# 6207630
Status: Closed
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Property Description
Fantastic income generating opportunity in a great location. There are 7 units in this complex -- five 2/1's and two 1/1's. Most of have been recently remodeled with new roofs, new flooring, new kitchens, new baths, new AC, new siding, new paint, etc. There is also a manufactured home associated with one of the units that adds another 1/2 bath and studio on top of the 7 units. Rents are due to be raised in all of the units. A list of capital improvements can be found in the documents section.
Details
Maps
Documents
Contract Info
Current Price: $960,000
Sold Price: $960,000
Status: Closed
List Date: 2021-03-15
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: S33
House Number: 9642
Compass: S
Street Name: 27TH
St Suffix: Avenue
City/Town Code: Laveen
State/Province: AZ
Zip Code: 85339
Zip4: 7716
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LAS LOMAS MCR 19/37 LOT 13
Subdivision: LAS LOMAS
Assessor's Map #: 79
Assessor's Parcel #: 17
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 300-79-017-C
Legal: LOT 13 LAS LOMAS
Census Tract: 116612
Tax Municipality: Maricopa - COUNTY
Taxes: 3502
Tax Year: 2020
Marketing Name: Laveen 7-plex
General Property Description
Lot Size Dimensions: 215x215
Year Built: 1946
Uncvrd Parking Spcs: 6
Total # of Units: 7
# of Buildings: 9
Zoning: R-43
Flood Zone: No
Elementary School: Bernard Black Elementary School
Jr. High School: Bernard Black Elementary School
High School: Cesar E Chavez Community School
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 27th Ave & Dobbins
Directions: South on 27th Ave to the property on the right.
Geo Lat: 33.357985
Geo Lon: -112.118088
Status Change Info
Status Change Date: 2021-10-01
Off Market Date: 2021-07-09
Under Contract Date: 2021-07-07
Close of Escrow Date: 2021-09-30
Sold Price: $960,000
Legal Info
Township: 1S
Range: 2E
Section: 11
Lot Number: 13
Income & Expenses
Annual Elec Exp: 200
Annual Ins Exp: 2600
Annual Landscape Exp: 1826
Annual Trash Exp: 3639
Annual Wtr/Swr Exp: 2970
Owner Association: No
Operating Exp: 14737
Gross Annual Sch Inc: 5889
Adjusted Gross Inc: 5889
Net Operating Income: 70668
Pmt & Rate Info
Cap Rate: 7.07
Equity: 1000000
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 768
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 871
Avg SqFt: 730
# Baths: 1
Mobile Home Prk Info
# Single Wide Spaces: 1
Sold Info
Loan Type: Conventional
Payment Type: Adjustable
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood; Frame - Metal
Const - Finish: Painted; Siding
Roofing: Comp Shingle
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Land & Building; Other (See Remarks)
Community Amenities: No Pool
Exterior Amenities: Green Landscaping; Partially Fenced; RV/Boat Parking; Pet Restrictions; Separate Storage; Security Light(s)
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Heating: Central; Heat Pump
Cooling: Central A/C
Water: City Franchise
Sewer: Septic Tank; Septic in & Cnctd
Electric: SRP
Gas: None
Parking: Carport; Add'l Parking Avail; RV/Boat Parking; Other (See Remarks)
Roads/Streets: Gravel; Dirt; Private Street; Concrete; Sidewalk(s)
Owner Pays: Trash Collection
Tenant Pays: Water; Electric; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Capital Improvements 
Listing Office: Turf Realty
Last Updated: December - 17 - 2021
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