$1,600,000
Phoenix, AZ 85013
MLS# 6266410
Status: Closed
1 / 1
Property Description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One Large 3BR & 2BA unit and five 2BR & 2BA units. All units have private storage rooms & there is a 2 car garage for additional revenue. All 2BR rents are currently below market at $1100-$1165. 2 BR Market rents are $1,250-$1350 Buyer to verify all facts and figures.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
List Date: 2021-07-18
Location, Tax & Legal
Assessor's Map #: 43
Assessor's Parcel #: 186
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 2767
Legal: Legal Description supplied by title to govern
Marketing Name: 6 unites
Map Code/Grid: P35
House Number: 4625-4631
Compass: N
Street Name: 12
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
County Code: Maricopa
Assessor Number: 155-43-186-A
Tax Year: 2021
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 2
Lot Size Dimensions: irr
Total # of Units: 6
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1961
Zoning: R-3
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 3165
Annual Maint Exp: 3978
Annual Mgmt Exp: 7055
Annual Wtr/Swr Exp: 3544
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1200
Operating Exp: 21709
Other Income: 650
Vacancy Allowance: 0.03
Adjusted Gross Inc: 88163.3
Pmt & Rate Info
Cap Rate: 3.91
Equity: 1700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
Individual: 1
Heat Pump: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Partially Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
Roads/Streets
Asphalt: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Alley: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
Carport: 1
Free: 1
On Street: 1
Paved: 1
Garage Door Opener: 1
Assigned: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
No Carry: 1
Special
Owner/Agent: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Sch of Personal Prop: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1151
Avg SqFt: 912
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1695
Avg SqFt: 1092
# Baths: 2
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
Directions: 11 Ave and Camelback Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.
Geo Lat: 33.505
Geo Lon: -112.087662
Status Change Info
Off Market Date: 2021-10-08
Under Contract Date: 2021-10-08
Close of Escrow Date: 2021-12-07
Sold Price: $1,600,000
Legal Info
Lot Number: a
Income Expenses
Gross Annual Sch Inc: 90240
Net Operating Income: 66544
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Personal Property
Community Features: No Pool; Barbecue
Exterior Amenities: Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking Features: Garage; Carport; On Street; Garage Door Opener; Assigned; Free; Paved
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: None
New Financing: Conventional; No Carry
Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: December - 08 - 2021
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