$795,000
Phoenix, AZ 85013
MLS# 5799861
Status: Closed
1 / 28
Property Description
Property sold prior to MLS. Offering added for comp purposes. Value add opportunity. Located in the aptly named Subdivision of ''Income Acres''... this excellent opportunity is nestled snuggly between Camelback Rd and the trendy Melrose District. Near employment/shopping venues as well as hospitals, educational, and entertainment venues. Location, Location, Location! Boasting pretty trees and shrubs while not being encumbered by high maintenance landscaping. Always 100% Occupied. 2 parcels means residential financing is possible.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $795,000
Sold Price: $795,000
Status: Closed
List Date: 2018-06-29
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): INCOME ACRES MCR 25/02 LOT 8 W 65F OF S 150F
Assessor's Parcel #: 105
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 108902
Taxes: 2526
Legal: INCOME ACRES MCR 25/02 LOT 8 W 65F OF S 150F
Marketing Name: 718 W Hazelwood St
Map Code/Grid: P34
House Number: 718
Compass: W
Street Name: HAZELWOOD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2664
County Code: Maricopa
Subdivision: INCOME ACRES
Assessor Number: 155-37-105-A
Tax Year: 2017
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 19500 SF
Total # of Units: 8
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Year Built: 1975
Zoning: R-3
Legal Info
Range: 3E
Section: 19
Township: 2N
Lot Number: 8
Project Type
5 - 12 Units: 1
Other Type
Packaged Offering: 1
Construction
Slump Block: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 3499.2
Annual Gas Exp: 0
Annual Ins Exp: 3542
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 2400
Annual Mgmt Exp: 3499.2
Annual Trash Exp: 1668
Annual Wtr/Swr Exp: 2868
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1973.28
Operating Exp: 23175.68
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 59679
Status Update
Multiple Offers Recd: 1
Pmt & Rate Info
Cap Rate: 4.59
Down Payment: 0
Equity: 795000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Heating
Heat Pump: 1
Central: 1
Cooling
Electric: 1
Heat Pump: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-265-6617
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 620
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 650
Avg SqFt: 800
# 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: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: : 7th Ave & Camelback
Directions: South on 7th Ave. Right on Campbell First right onto Hazelwood. Property is around the bend on the north side of the st
Geo Lat: 33.504222
Geo Lon: -112.084208
Status Change Info
Off Market Date: 2018-07-29
Under Contract Date: 2018-06-29
Close of Escrow Date: 2018-07-24
Sold Price: $795,000
Income Expenses
Gross Annual Sch Inc: 62820
Net Operating Income: 36503.32
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Slump Block
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Laundry Equipment
Community Features: Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; W/D Hookup
Heating: Central; Heat Pump
Cooling: Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Status Update: Multiple Offers Recd
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 17 - 2023
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