$800,000
Tempe, AZ 85282
MLS# 5577637
Status: Closed
1 / 17
Property Description
Absolute Bargain, Priced Low & Firm for your buyer who wants a great deal on a super investment property in a highly sought after location in Tempe with room for rent growth. It won't last long at this low price! New tile, kitchens, and bathrooms in 4 units. All units occupied. Owner is licensed real estate agent.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2017-03-16
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 8 LAGUNA ESTATES MCR 010239
Assessor's Parcel #: 11
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Tempe
Census Tract: 319705
Taxes: 4471
Legal: LOT 8 LAGUNA ESTATES MCR 010239 and LOT 9 LAGUNA ESTATES MCR 010239
Marketing Name: None
Map Code/Grid: R36
House Number: 530-536
Compass: W
Street Name: MALIBU
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4816
County Code: Maricopa
Subdivision: LAGUNA ESTATES
Assessor Number: 123-45-011-A
Tax Year: 2016
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: Unknown
Total # of Units: 7
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1964
Zoning: R3-R
Legal Info
Range: 4E
Section: 33
Township: 1N
Lot Number: 8
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Rolled: 1
Floors
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 400
Annual Gas Exp: 400
Annual Ins Exp: 3600
Annual Land Lse Exp: 0
Annual Landscape Exp: 1920
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1320
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 12111
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 72105
Total Monthly Rental Income: 6325
Pmt & Rate Info
Cap Rate: 9.01
Down Payment: 0
Equity: 800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Partially Fenced: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Carport: 1
On Street: 1
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Landscaping: 1
Other: 1
See Remarks: 1
New Financing
Conventional: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 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: 6
Avg Rent: 837
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1300
Avg SqFt: 1450
# Baths: 1
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: Southern & Mill
Directions: West to Roosevelt. South to Malibu. East to property.
Geo Lat: 33.392097
Geo Lon: -111.947589
Status Change Info
Off Market Date: 2017-03-21
Under Contract Date: 2017-03-21
Close of Escrow Date: 2017-04-11
Sold Price: $800,000
Income Expenses
Gross Annual Sch Inc: 75900
Net Operating Income: 72105
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Rolled
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Partially Fenced
Appliances Included: Built-In Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Garage; Carport; On Street; >1 Space Per Unit
Owner Pays: Water; Landscaping; Other; See Remarks
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office: eXp Realty
Last Updated: June - 12 - 2020
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