$650,000
Phoenix, AZ 85032
MLS# 6266641
Status: Closed
1 / 40
Property Description
Newer Roof & A/C! New Doors; Dual Pane Windows; Bathrooms remodeled in 2010; Full Sized Washer/Dryer in Indoor Laundry in each unit! Copper Plumbing; Romex Wiring Large 2/1 units with ~882sf ea. Private Patios! No HOA; Seasoned Tenants paying below market rents; Median rents in area are $1050/mo. All tenants have been there between 3 - 10 yrs. Pro-Forma P&L: Rents $1050 * 4 units * 12 months = $50,400 / Insurance ($1382); Taxes ($1283) 2020 Final; Water, Sewer, Trash ($4560); Maintenance ($2000) estimate; House Lights; = Net Cash Flow $41,175.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2021-07-19
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): N2 SW4 SW4 NE4 DAF BEG N4 COR TH E 660.94F TH S TO INTERSEC 29TH ST & GRANDVIEW TH CONT S 41.85F TH
Assessor's Parcel #: 31
Assessor Parcel Ltr: K
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103305
Taxes: 1283
Legal: N2 SW4 SW4 NE4 DAF BEG N4 COR TH E 660.94F TH S TO INTERSEC 29TH ST & GRANDVIEW TH CONT S 41.85F TH
Marketing Name: 4 PLEX
Map Code/Grid: L35
House Number: 2849
Compass: E
Street Name: GRANDVIEW
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 3000
County Code: Maricopa
Assessor Number: 214-31-031-K
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 5
Lot Size Dimensions: IRR
Total # of Units: 4
Year Built: 1985
Zoning: MF
Legal Info
Range: 3E
Section: 2
Township: 3N
Lot Number: 00
Project Type
Four Plex: 1
Construction
Other: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Income & Expenses
Annual Gas Exp: 0
Annual Land Lse Exp: 0
Annual Legal & Acctg: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 1283
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 48000
Pmt & Rate Info
Cap Rate: 5.88
Down Payment: 0
Equity: 650000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
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
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: 4
Avg Rent: 625
Avg SqFt: 882
# 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: 10000
Seller Concession $/%: $
Remarks Misc
Cross Street: Greenway Parkway & 32nd St
Directions: Bell Rd & 32nd St
Geo Lat: 33.634993
Geo Lon: -112.020172
Status Change Info
Off Market Date: 2021-09-20
Under Contract Date: 2021-08-11
Close of Escrow Date: 2021-09-15
Sold Price: $650,000
Income Expenses
Gross Annual Sch Inc: 48000
Net Operating Income: 38235
Property Features
Project Type: Four Plex
Construction: Other
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Building(s) Only; Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
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: FHA; Conventional
Environmental: None
Listing Office: United Southwest Realty
Last Updated: September - 21 - 2021
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
You must be logged in to post a comment.