$950,000
Phoenix, AZ 85006
MLS# 6525020
Status: Closed
1 / 50
Property Description
Remodeled 4 plex near the Coronado Historic District on a large 11,614 sqft lot. All units are 2 bedroom 1 bath, two of the units have private patios. Covered parking and guest parking, large yard with BBQ area, owned community laundry. Near arts districts, midtown, downtown, all of the new restaurants, bars, shopping, dining and more! Current leases: unit 1 $1295, unit 2 $1350, unit 3 $1250 unit 4 $1250, all plus admin/pm fees & taxes
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $950,000
Sold Price: $950,000
Status: Closed
List Date: 2023-02-23
Location, Tax & Legal
Assessor's Map #: 16
Legal Description (Abbrev): LOT 7 BLOCK 4 MCDOWELL MANORS MCR 003102
Assessor's Parcel #: 71
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 111602
Taxes: 1379
Legal: A
Marketing Name: NA
Map Code/Grid: P35
House Number: 1717
Compass: E
Street Name: ALMERIA
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2311
County Code: Maricopa
Subdivision: MCDOWELL MANORS
Assessor Number: 117-16-071-B
Tax Year: 22
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 11,614 sf
Total # of Units: 4
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Creighton Elementary School
Jr. High School: Creighton Elementary School
High School: North High School
Year Built: 1971
Zoning: R-3
Legal Info
Range: 3E
Section: 34
Township: 2N
Block: 4
Lot Number: 7
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Foam: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Land Lse Exp: 0
Annual Legal & Acctg: 0
Annual Mgmt Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 1379
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 52650
Pmt & Rate Info
Cap Rate: 3.69
Down Payment: 0
Equity: 995000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Other: 1
See Remarks: 1
Heating
Natural Gas: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Other: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
On Street: 1
Add'l Parking Avail: 1
Assigned: 1
None: 1
Electric
APS: 1
Gas
SW Gas: 1
Other (See Remarks): 1
Owner Pays
Water: 1
Trash Collection: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
VA: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 3rd Loan
Other (See Remarks): 1
Reports/Disclosures
Seller Prop Disc Stm: 1
None: 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: 1100
Avg SqFt: 690
# 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: 3000
Seller Concession $/%: $
Remarks Misc
Cross Street: McDowell and 18th st
Geo Lat: 33.466406
Geo Lon: -112.044632
Status Change Info
Off Market Date: 2023-06-23
Under Contract Date: 2023-06-02
Close of Escrow Date: 2023-06-23
Sold Price: $950,000
Income Expenses
Gross Annual Sch Inc: 52650
Net Operating Income: 36700
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up; Foam
Floors: Concrete
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: Other; See Remarks
Exterior Amenities: Other (See Remarks)
Appliances Included: Other
Heating: Natural Gas; Individual
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas; Other (See Remarks)
Parking Features: Carport; On Street; Add'l Parking Avail; Assigned; None
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Existing 1st Loan: VA
Existing 2nd Loan: Other (See Remarks)
Existing 3rd Loan: Other (See Remarks)
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: America One Luxury Real Estate
Last Updated: April - 29 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Broker Attribution:
602-750-4285