$910,000
Phoenix, AZ 85014
MLS# 6233859
Status: Closed
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Property Description
Rare to the market triplex in Uptown Phoenix. Buy it with the one next door. All 3 units have been remodeled: some newer kitchens, newer baths, flooring, and paint, tankless water heaters. The property also has a huge storage garage/workshop. Low key street, excellent Madison schools district. A perfect neighborhood with a few streets of multifamily homes surrounded by single family homes. Quiet, clean, and in high demand by residents. The back unit has a large private yard and patio. The property has SRP flood irrigation.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $910,000
Sold Price: $910,000
Status: Closed
List Date: 2021-05-10
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 4 ROSE LANE TERRACE MCR 007144
Assessor's Parcel #: 47
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106502
Taxes: 2476
Legal: LOT 4 ROSE LANE TERRACE MCR 007144
Marketing Name: Uptown Phoenix Triplex
Map Code/Grid: N34
House Number: 6220
Compass: N
Street Name: 14TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1794
County Code: Maricopa
Subdivision: ROSE LANE TERRACE
Assessor Number: 161-09-047
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: IRR
Flood Zone: No
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Year Built: 1959
Zoning: Multi
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 4
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 540
Annual Ins Exp: 2350
Annual Landscape Exp: 1400
Annual Wtr/Swr Exp: 2999
Owner Association: Yes
Annual Ownr Asoc Fee: 0
Operating Exp: 9765
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 47820
Total Monthly Rental Income: 3985
Pmt & Rate Info
Cap Rate: 4.11
Equity: 925000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Individual: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Partially Fenced: 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Mini Blinds: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Irrigation: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
1 Space/Unit: 1
Attached: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Conventional: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1175
Avg SqFt: 750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 1227
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 5
Closing Cost Split: Normal - N
Payment Type: Balloon
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Bethany Home and 16th Street
Directions: North to Rose Lane, West to 14th St, north to the property on the West side of the street.
Geo Lat: 33.528284
Geo Lon: -112.051602
Status Change Info
Off Market Date: 2021-05-12
Under Contract Date: 2021-05-12
Close of Escrow Date: 2021-06-01
Sold Price: $910,000
Income Expenses
Gross Annual Sch Inc: 47820
Net Operating Income: 38055
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only; Personal Property
Community Features: No Pool
Exterior Amenities: Green Landscaping; Fenced; Partially Fenced; Patio/Balcony; Separate Storage
Interior Features: Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Natural Gas; Individual; 2 or More Units
Cooling: Ceiling Fan(s); Heat Pump; Individual; 2 or More Units
Water Source: City Franchise; Irrigation
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; 1 Space/Unit; Attached
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: VA; FHA; Conventional
Environmental: None
Listing Office: HomeSmart
Last Updated: March - 17 - 2025
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