$400,000
Phoenix, AZ 85007
MLS# 6701725
Status: Closed
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Property Description
Turnkey Triplex located just outside downtown Phoenix which has plenty of dining, entertainment, sports, and ASU's downtown campus. As it is, this property has over a 6% CAP rate and is a great investment opportunity. The complex has new paint, new appliances, flooring, cabinetry, and HVAC, as well as a new roof installed in 2018. The main unit is a 2 bed 1 bath and the other units are 1 bed, 1 bath. This is a great property located close to downtown the light rail and freeway access.
Details
Maps
Contract Info
Current Price: $400,000
Sold Price: $400,000
Status: Closed
List Date: 2024-05-06
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1213
Compass: W
Street Name: PIMA
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 4136
Country: USA
County Code: Maricopa
Legal Description (Abbrev): GILBERT SQUARE
Subdivision: GILBERT SQUARE
Assessor's Map #: 33
Assessor's Parcel #: 47
Add'l Parcels: No
Assessor Number: 105-33-047
Legal: GILBERT SQUARE
Census Tract: 114800
Tax Municipality: Phoenix
Taxes: 515
Tax Year: 2023
Marketing Name: Gilbert Square
General Property Description
Lot Size Dimensions: unknown
Year Built: 1943
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 2
Zoning: R3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 7th Ave and Buckeye
Directions: GPS
Geo Lat: 33.432839
Geo Lon: -112.088515
Status Change Info
Status Change Date: 2024-07-03
Off Market Date: 2024-05-24
Under Contract Date: 2024-05-24
Close of Escrow Date: 2024-07-02
Sold Price: $400,000
Legal Info
Township: 1N
Range: 3E
Section: 18
Lot Number: 19
Income & Expenses
Owner Association: No
Operating Exp: 515
Gross Annual Sch Inc: 30000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 28500
Net Operating Income: 27624
Pmt & Rate Info
Cap Rate: 6.35
Equity: 435000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 650
Avg SqFt: 575
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 925
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 8000
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Washer/Dryer
Heating: Central
Cooling: Other
Water: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Lockbox Type: Other
Existing 1st Loan: FHA; VA; Conventional
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Realty ONE Group
Last Updated: July - 03 - 2024
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