1432 W 5th Street, Tempe, AZ 85281 (MLS# 5559941)

$220,000

1432 W 5th Street
Tempe, AZ 85281
MLS# 5559941
Status: Closed

Unit A and B with grassy private front yards - fully fenced with mature landscape.

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Unit A with grassy private front yard - fully fenced with mature landscape.

Unit B with grassy private front yard - fully fenced with mature landscape.

Great Room concept with fresh paint and tons of natural light.

Remodeled Kitchen with white cabinetry, range, refrigerator and eat in breakfast room.

Bedroom #1 with Tile Flooring, Ceiling Fans and Fresh Paint.

Bedroom #2 with Tile Flooring, Ceiling Fans and Fresh Paint.

Bathroom with Sink/Vanity and Tub/Shower Combo.

Bathroom with Pedestal Sink, and Tub/Shower Combo.

Shared backyard with separate storage area, tons of grass and parking.

Property Description
Cash Only! In the heart of Tempe, this fully remodeled duplex w/ no deferred maintenance and consists of two 2 bed, 1 bat units w/ fresh paint, white appliances & tile flooring. These units are GORGEOUS with LONG TERM TENANTS (20+ years @ $750/Mo, 7+ years @ $910/Mo). Fully fenced lot w/ parking out back. This is a bargain with a great cap rate and perfect for the first time investor who wants to get their feet wet or a seasoned professional who wants to add a ‘no brainer’ to their rental portfolio. Located just 5 minutes from the airport, Phoenix zoo, ‘A’ Mountain, Tempe Beach Park/Town Lake, Mill Avenue, Tempe Art Center, Tempe Marketplace, Hayden Ferry Lakeside and tons of shopping, restaurants and more! Get it while it lasts because duplexes like this don’t come on the market very ofte

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $220,000

Sold Price: $220,000

Status: Closed

List Date: 2017-02-10

Location, Tax & Legal

Assessor's Map #: 38

Legal Description (Abbrev): LOT 4 GINNY MAE ESTATES 1 LOTS 1-16 MCR 010643

Assessor's Parcel #: 8

Add'l Parcels: No

Tax Municipality: Tempe

Census Tract: 319704

Taxes: 1411.66

Legal: Lot 4, of Ginny Mae Estates

Marketing Name: Ginny Mae Estates

Map Code/Grid: R37

House Number: 1432

Compass: W

Street Name: 5th

St Suffix: Street

City/Town Code: Tempe

State/Province: AZ

Zip Code: 85281

Zip4: 2486

County Code: Maricopa

Subdivision: Ginny Mae Estates

Assessor Number: 124-38-008

Tax Year: 2016

General Property Description

# of Buildings: 1

Uncvrd Parking Spcs: 4

Lot Size Dimensions: 120 x 60

Total # of Units: 2

Elementary School District: Tempe Elementary School District

High School District: Tempe Union High School District

Elementary School: Scales Technology Academy

Jr. High School: Geneva Epps Mosley Middle School

High School: Tempe High School

Year Built: 1968

Zoning: R-3

Legal Info

Range: 4E

Section: 17

Township: 1N

Lot Number: 4

Project Type

Duplex: 1

Construction

Block: 1

Const - Finish

Painted: 1

Brick Veneer: 1

Siding: 1

Roofing

Other: 1

Floors

Ceramic Tile: 1

Carpet: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 0

Annual Gas Exp: 0

Annual Ins Exp: 1019

Annual Land Lse Exp: 0

Annual Landscape Exp: 0

Annual Legal & Acctg: 0

Annual Maint Exp: 996

Annual Mgmt Exp: 0

Annual Trash Exp: 0

Annual Wtr/Swr Exp: 1200

Owner Association: No

Annual Ownr Asoc Fee: 0

Annual PAD Fee: 0

Annual Rplcmnt Rsrvs: 0

Annual Other Expense: 0

Operating Exp: 4626.66

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 19920

Total Monthly Rental Income: 1660

Pmt & Rate Info

Cap Rate: 6.95

Down Payment: 20

Equity: 220000

Down Payment %: 44000

Monthly Payments: 0

Total Owed: 0

Assessment Balance: 0

Community Features

No Pool: 1

Heating

Heat Pump: 1

Electric: 1

Natural Gas: 1

Individual: 1

Central: 1

2 or More Units: 1

Cooling

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Individual: 1

2 or More Units: 1

Exterior Amenities

Landscape Water System: 1

Fenced: 1

Curb(s) & Gutter(s): 1

Satellite Dish: 1

Cable TV Available: 1

Sidewalk(s): 1

Patio/Balcony: 1

Separate Storage: 1

Interior Features

Unfurnished: 1

Fire/Smoke Alarm(s): 1

Vertical Blinds: 1

Tenant Pays

Gas: 1

Electricity: 1

Cable TV: 1

Appliances Included

Dishwasher: 1

Disposal: 1

Microwave: 1

Refrigerator: 1

Free-Standing Range: 1

W/D Hookup: 1

Road Access Type

Alley: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Master Meter: 1

Sewer

Sewer - Public: 1

Sewer - Available: 1

Sewer-In & Connected: 1

Parking Features

Free: 1

>1 Space Per Unit: 1

Paved: 1

Add'l Parking Avail: 1

Electric

SRP: 1

Individual Meter: 1

Gas

SW Gas: 1

Individual Meter: 1

Owner Pays

Water: 1

Sewer: 1

Trash Collection: 1

New Financing

Other (See Remarks): 1

Special

Owner/Agent: 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 1st Loan Type

Not Applicable: 1

Existing 1st Loan Terms

Not Applicable: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2

Avg Rent: 830

Avg SqFt: 782

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Normal - N

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: %

Seller Concession to Buyer: 0

Seller Concession $/%: %

Remarks Misc

Cross Street: Priest Drive and University Drive

Directions: North on Priest. West on 5th Street to home which is located on the right side of the street. ***Please do not disturb tenants.***

Geo Lat: 33.42595

Geo Lon: -111.962425

Status Change Info

Off Market Date: 2017-04-03

Under Contract Date: 2017-03-13

Close of Escrow Date: 2017-04-17

Sold Price: $220,000

Income Expenses

Gross Annual Sch Inc: 19920

Net Operating Income: 15293.34

Property Features

Project Type: Duplex

Construction: Block

Const - Finish: Painted; Brick Veneer; Siding

Roofing: Other

Floors: Ceramic Tile; Carpet

Sale Includes: Land & Building

Community Features: No Pool

Exterior Amenities: Landscape Water System; Fenced; Curb(s) & Gutter(s); Satellite Dish; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage

Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds

Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup

Heating: Natural Gas; Individual; Central; Heat Pump; 2 or More Units

Cooling: Ceiling Fan(s); Electric; Individual; Central Air; 2 or More Units

Water Source: City Franchise; Master Meter

Sewer: Sewer - Public; Sewer - Available; Sewer-In & Connected

Electric: SRP; Individual Meter

Gas: SW Gas; Individual Meter

Parking Features: >1 Space Per Unit; Add'l Parking Avail; Free; Paved

Road Access Type: Alley

Road Surface Type: Asphalt

Owner Pays: Water; Trash Collection

Tenant Pays: Electricity; Gas; Cable TV

Source of Fincl Data: Owner

Special: Owner/Agent

Existing 1st Loan: Treat as Free&Clear

Existing 1st Loan Type: Not Applicable

Existing 1st Loan Terms: Not Applicable

Existing 2nd Loan: Treat as Free&Clear

Existing 2nd Loan Type: Not Applicable

Existing 2nd Loan Terms: Not Applicable

Existing 3rd Loan: Treat as Free&Clear

Existing 3rd Loan Type: Not Applicable

Existing 3rd Loan Terms: Not Applicable

Existing Othr Ln Trm: Not Applicable

New Financing: Other (See Remarks)

Environmental: None

Listing Office: Keller Williams Realty Phoenix

Last Updated: December - 21 - 2024