$925,000
Phoenix, AZ 85032
MLS# 6392758
Status: Closed
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Property Description
Beautiful single level 4 plex located near Desert Ridge, PV Mall Redevelopment, Paradise Valley Community College, and in a high rental demand area. The property consists of one 2bed/2bath unit, two 2bed/1bath units, and a studio unit. Each unit has private back yards with landscaping. Future ownership will have the opportunity to renovate the remaining two units and capture the increasing rental demand.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $925,000
Sold Price: $925,000
Status: Closed
List Date: 2022-05-02
Location, Tax & Legal
Assessor's Map #: 16
Legal Description (Abbrev): LOT 3 VILLA PARADISE MCR 010746
Assessor's Parcel #: 67
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 619700
Taxes: 1279
Legal: LOT 3 VILLA PARADISE MCR 010746
Marketing Name: 41st Street 4Plex
Map Code/Grid: K36
House Number: 18026
Compass: N
Street Name: 41ST
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 1796
County Code: Maricopa
Subdivision: VILLA PARADISE
Assessor Number: 215-16-067
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 9
Lot Size Dimensions: 12010
Total # of Units: 4
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 1972
Zoning: R3
Legal Info
Range: 4E
Section: 31
Township: 4N
Lot Number: 3
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1279
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 72600
Pmt & Rate Info
Cap Rate: 5.53
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Cooling
Ceiling Fan(s): 1
Individual: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Separate Storage: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
W/D Hookup: 1
Roads/Streets
Asphalt: 1
Sidewalk(s): 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 900
Avg SqFt: 400
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1600
Avg SqFt: 850
# 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: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 41st Street and Union Hills
Geo Lat: 33.650816
Geo Lon: -111.99435
Status Change Info
Off Market Date: 2022-07-27
Under Contract Date: 2022-05-26
Close of Escrow Date: 2022-07-29
Sold Price: $925,000
Income Expenses
Gross Annual Sch Inc: 72600
Net Operating Income: 58080
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Separate Storage
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Individual
Cooling: Ceiling Fan(s); Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: On Street; >1 Space Per Unit; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Conventional
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: June - 16 - 2025
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