$645,000
2845 E KATHLEEN Road
Phoenix, AZ 85032
MLS# 6666173
Status: Closed

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Property Description
Exceptional investment opportunity awaits in North Phoenix! Discover this fourplex strategically located just minutes away from the vibrant Desert Ridge Marketplace. The ideal unit mix includes one 1-bedroom/1-bathroom unit, two 2-bedroom/2-bathroom units, and one 3-bedroom/2-bathroom unit. Each unit boasts generous square footage and convenient washer/dryer hookups. Embrace outdoor living with ground level patios or balconies for each unit, providing a perfect spot to relax just steps away from the inviting community pool. Enjoy a hassle-free ownership experience with no owner utilities to worry about. The HOA covers essential services, including trash, common area maintenance, landscaping, pool maintenance. Tenants pay electric and water and sewer.

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $645,000
Sold Price: $645,000
Status: Closed
List Date: 2024-02-19
Location, Tax & Legal
Assessor's Map #: 39
Legal Description (Abbrev): LOT 61 GREENWAY MANOR MCR 023347
Assessor's Parcel #: 89
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 1343
Legal: LOT 61 GREENWAY MANOR MCR 023347
Marketing Name: GREENWAY MANOR
House Number: 2845
Compass: E
Street Name: KATHLEEN
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 7993
County Code: Maricopa
Subdivision: GREENWAY MANOR
Assessor Number: 214-39-089
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 5933 sqft
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Elementary School: Palomino Primary School
High School: Paradise Valley High School
Year Built: 1982
Zoning: MULTI
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 61
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 3120
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 6944.04
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 11407.04
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 30144.56
Total Monthly Rental Income: 4334.88
Pmt & Rate Info
Cap Rate: 3.14
Down Payment: 0
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Combo: 1
Community Features
Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Sidewalk(s): 1
Patio/Balcony: 1
Interior Features
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Assigned: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 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
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 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
# 1 Bedroom Units: 1
Avg Rent: 1337.58
Avg SqFt: 729
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1350.25
Avg SqFt: 905
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1647.05
Avg SqFt: 1100
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Total Number Spaces: 8
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: GREENWAY AND 29TH ST.
Directions: From Greenway, north on 29th St. Entrance on the West side. Through main gate, make first left on 28th Pl., left onto Kathleen. Building is last one on the right.
Geo Lat: 33.630457
Geo Lon: -112.02019
Status Change Info
Off Market Date: 2024-03-22
Under Contract Date: 2024-02-22
Close of Escrow Date: 2024-03-22
Sold Price: $645,000
Income Expenses
Gross Annual Sch Inc: 31731.12
Net Operating Income: 20432.12
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Building(s) Only
Community Features: Pool
Exterior Amenities: Sidewalk(s); Patio/Balcony
Interior Features: Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; Assigned
Road Surface Type: Asphalt
Owner Pays: Trash Collection
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra; Combo
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Environmental: None
IDX
Listing Office: ES Realty

Last Updated: March - 22 - 2024

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