$1,064,000
Phoenix, AZ 85015
MLS# 6420723
Status: Closed
1 / 30
Property Description
Here's what you have been waiting for!!! Two homes and 5 apartments! Always rented!!! This well maintained seven unit community features a slump block triplex and duplex, and two single family homes. The three bedroom home has a washer/dryer and its own back yard! The one bedroom home also has its own yard. The one bedroom units in the triplex and duplex are large and well laid out they have storage too! The homes and units are set back from the street offering privacy for the tenants. Plenty of parking too! The lot is flood irrigated keeping water costs low and make for a lush, green environment with many trees! Lots of deferred maintenance done. Lots of upgrades.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,064,000
Sold Price: $1,064,000
Status: Closed
List Date: 2022-06-19
Location, Tax & Legal
Assessor's Map #: 22
Legal Description (Abbrev): CAMELBACK VISTA LOT 2 BLK 4 EX E 151'
Assessor's Parcel #: 78
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 107300
Taxes: 219
Legal: CAMELBACK VISTA LOT 2 BLK 4 EX E 151'
Marketing Name: 22nd ave luxury arts
Map Code/Grid: N33
House Number: 5139
Compass: N
Street Name: 22ND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 2815
County Code: Maricopa
Subdivision: CAMELBACK VISTA
Assessor Number: 153-22-078-D
Tax Year: 2021
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 10
Lot Size Dimensions: .536 acres
Total # of Units: 7
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Year Built: 1982
Zoning: multi
Legal Info
Range: 2E
Section: 13
Township: 2N
Block: 4
Lot Number: 2
Project Type
5 - 12 Units: 1
Other Type
House + Rental Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 250
Annual Ins Exp: 2689
Annual Trash Exp: 2196
Annual Wtr/Swr Exp: 3180
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8534
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 75310.8
Pmt & Rate Info
Cap Rate: 4.81
Equity: 1175000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Electricity: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Road Access Type
Private Road: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 805
Avg SqFt: 525
# Baths: 1
2 Bedroom Units
Avg Rent: 0
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1200
Avg Rent: 1595
# Baths: 1
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: 22nd Camelback
Directions: 22nd/Camelback
Geo Lat: 33.512718
Geo Lon: -112.105687
Status Change Info
Off Market Date: 2022-12-09
Under Contract Date: 2022-09-30
Close of Escrow Date: 2022-12-08
Sold Price: $1,064,000
Income Expenses
Gross Annual Sch Inc: 77640
Net Operating Income: 56526
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Refrigerator; Disposal
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: <1 Space Per Unit
Road Access Type: Private Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional
Environmental: None
Supplements
This location near 22nd Avenue and Camelback is in an area of much redevelopment. In fact there is a vacant lot directly to the South, ready for new construction. On the corner of 22nd Avenue and Camelback, there is a new shopping center with a grocery store offering convenience for the residents. In addition to the close proximity to Grand Canyon University (three stoplights away!), the Light Rail at 19th Avenue and Camelback, offers tenants alternatives for commutes to all of the Valley employment and entertainment venues. All rents are month to month, making for easy rent increases. Don't wait! Call now!
Please drive by only. Do not walk the property or disturb the residents as they are unaware of the sale.
Listing Office: My Home Group Real Estate
Last Updated: December - 12 - 2022
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