$1,230,000
Phoenix, AZ 85020
MLS# 22203901
Status: Closed
2761 sqft
1 / 1
Property Description
With the level of remodeling that is underway now and the new rental comps to be in the 1750-1800 range, this is an opportunity to own in the North Central Phoenix corridor. All two bedrooms have everything new. See the list of capital improvements but it is an over-the top remodel. Tours can be arranged through the listing agent. This is still under construction and most of these will go to contract before being finished. Inspections will not start until reno is done. Next door is another one-owns 8 units w/residential financing. Buyer to verify all facts and figures.
Details
Address Information
Street #: 1302
Direction: E
Street Name: Vista
Suffix: Avenue
State/Province: AZ
Zip Code: 85020
County: Maricopa
Country: USA
Location Tax Legal
Tax Code: 160-22-120
Area: Maricopa
Subdivision: Out Of Pima County
Contract Information
Current Price: $1,230,000
Sold Price: $1,230,000
Listing Date: 2022-02-12
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2022-03-31
Pending Date: 2022-03-30
Sold Date: 2022-07-01
Sold Price: $1,230,000
Sold Price/SqFt: 445.49
Lot Sz Sold Prc/SqFt: 95.27
How Sold: Conventional
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: irr
Lot Acres: 0.3
Lot Sqft: 12910
Lot Size Source: Assessor
Combined SqFt: 2761
Year Built: 1973
Total Parking: 7
School District: Other
Elementary School: Other
Middle School: Other
High School: Other
Horse Property: No
Horse Facilities: No
List Price/SqFt: 452.73
Lot Size Price/SqFt: 96.82
Remarks Misc
Geo Lat: 33.546174
Geo Lon: -112.053978
Showing Information
Directions: 14 Street and Northern
Go south on 14 Street from Northern to Vista Turn East on Vista and the property is on the north side of the street,
Unit Info
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1700
Unit 1 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 2
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Unit 2 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 1
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Unit 3 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 1
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Unit 4 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 2
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Analysis
Cap Rate %: 5.87
Gross Rent Multi: 14.47
Vacancy Rate %: 3
Exp/SqFt: 4.65
Exp % of Gross: 15.1
Income
Gross Scheduled Rent: 86400
Vacancy Loss: 2592
Other Income: 1200
Adjusted Gross: 85008
Total Expenses: 12838
Net Opp Income: 72170
Expenses
Contract Services: 400
Insurance: 1227
Management: 6705
Taxes/Assessments: 1706
Water/Sewer: 2200
Other Expenses: 600
Figures Presented: Proforma
Electric
Electric Company: APS
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Driveway
Paved: Asphalt
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: Yes
Submit With Offer
Seller Title Company: Empire Title Agency
Home Protection
Offered: No
Sold Info
Est. Closing Date: 2022-07-01
Property Features
Construction: Concrete Block
Style: Contemporary
Roof: Foam
Living Areas: Great Room; Off Kitchen
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Double Sink; Electric Range
Bathroom Features: Dual Sinks/Primary; Shower & Tub/Primary
Laundry: Laundry Closet; Dryer Included; Washer Included
Extra Room: None
Interior Features: Ceiling Fan(s)
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: Cable TV
Main Cooling: Ceiling Fan(s); Heat Pump
Main Heating: Heat Pump
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Security Lights
Pool: None
Spa: None
Fence: See Remarks
Landscape - Front: Decorative Gravel
Landscape - Rear: Decorative Gravel
View: Mountain(s)
Road Type: Chip/Seal
Exterior Feature: None
Lot Features: Corner Lot
Neighborhood Features: Lighted; Paved Street
Terms: Cash; Conventional
Submit With Offer: Additional Addendum; Income Property Addendum; Lender Pre-Approval; Proof of Funds
Property Disclosures: Addendum; Equipment List; Floor Plan; Lead Based Paint; Marketing Package Available; Plat Map; CC&Rs; Insurance Claims History Report
Special Conditions: None
Listing Office: Gerchick Real Estate
Last Updated: December - 16 - 2024
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