$915,000
13913 N PALM Street
El Mirage, AZ 85335
MLS# 5992715
Status: Closed

13913 N PALM Street, El Mirage, AZ 85335
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13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335 13913 N PALM Street, El Mirage, AZ 85335

Property Description
3-5 plexes on 3 parcels.This offering of 14 (2 Bd/1 Bath) & 1 (1 Bd/1Bath) units is located in the city of El Mirage. The property is fully occupied with the exception of 1 unit which is currently being utilized as an office/storage for the property..The current owner plans to return it to a rented unit in December. All units fully renovated in past 3-5 years. Easy Desert Landscape makes upkeep a breeze! Plenty of parking for all units!! HUGE UPSIDE! 6.75 cap rate on market/proforma rents. 2 roofs recently replaced. Located in the West Valley between Surprise and Sun City, just off US 60 and the 101.

Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $915,000
Sold Price: $915,000
Status: Closed
List Date: 2019-09-24
Location, Tax & Legal
Assessor's Map #: 27
Legal Description (Abbrev): LOT 7 TRACT O EL MIRAGE 3 TR U, S MCR 003432
Assessor's Parcel #: 77
Add'l Parcels: Yes
Tax Municipality: El Mirage
Census Tract: 60902
Taxes: 784
Legal: LOT 7 TRACT O EL MIRAGE 3 TR U, S MCR 003432
Marketing Name: Palm St 15 Unit
Map Code/Grid: L29
House Number: 13913
Compass: N
Street Name: PALM
St Suffix: Street
City/Town Code: El Mirage
State/Province: AZ
Zip Code: 85335
County Code: Maricopa
Subdivision: EL MIRAGE 3 TR U, S
Assessor Number: 501-27-077
Tax Year: 2019
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 25200
Total # of Units: 15
Elementary School District: Dysart Unified District
High School District: Dysart Unified District
Year Built: 1973
Zoning: MU
Legal Info
Range: 1W
Section: 12
Township: 3N
Lot Number: 7
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Metal: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 480
Annual Gas Exp: 0
Annual Ins Exp: 7013.26
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 7500
Annual Mgmt Exp: 7560
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 9860
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2320
Operating Exp: 36517.26
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 94506
Pmt & Rate Info
Cap Rate: 4.93
Down Payment: 0
Equity: 1175000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Window/Wall Unit(s): 1
Cooling
Evaporative Cooling: 1
Window/Wall Unit: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Cable TV Available: 1
Interior Amenities
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-265-6617
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 14
Avg Rent: 599
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Thunderbird & North Palm St
Directions: Take Exit 11 from AZ-101 to 91st Ave toward US60/Grand Ave Take US60/Grand Ave NW to Thunderbird Rd Turn Left onto Thunderbird Rd Turn Right onto North Palm St Property will be on the right
Geo Lat: 33.610583
Geo Lon: -112.322222
Status Change Info
Off Market Date: 2020-02-11
Under Contract Date: 2020-02-02
Close of Escrow Date: 2020-02-07
Sold Price: $915,000
Income Expenses
Gross Annual Sch Inc: 99480
Net Operating Income: 57972.74
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition; Metal
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Window/Wall Unit(s)
Cooling: Window/Wall Unit; Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: February - 12 - 2020

13913 N PALM Street, El Mirage, AZ 85335 - MLS# 5992715

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