$524,500
Phoenix, AZ 85018
MLS# 6575245
1 / 26
Property Description
Great opportunity to purchase 2 great rentals with the opportunity to build units on this corner lot. This property has 2 separate houses on 1 lot, great long term tenants. The property on Pinchot is 2 bedroom 1 bath unit, rent $1175 the property on the corner is also 2 bedroom 1 bath, rent $1225, both around 900sq.ft. , lots of development in the area, this could be a tear down and build opportunity to get more units on this great corner lot. This is a high demand area for rental properties, this will also increase the overall value of the investment and build long term wealth for the investor.
Details
Maps
Documents
Contract Info
Current Price: $524,500
List Price: $524,500
Status: Active
List Date: 2023-06-30
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3002
Compass: N
Street Name: 34TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 6904
Country: USA
County Code: Maricopa
Legal Description (Abbrev): W CITRUS AC LOT 195 E 150' OF S 45.18'
Subdivision: WEST CITRUS ACRES
Assessor's Map #: 30
Assessor's Parcel #: 28
Add'l Parcels: No
Assessor Number: 127-30-028
Legal: W CITRUS AC LOT 195 E 150' OF S 45.18'
Census Tract: 110901
Tax Municipality: Phoenix
Taxes: 1189
Tax Year: 2022
Marketing Name: West Citrus
General Property Description
Lot Size Dimensions: 150x45.18
Year Built: 1966
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: 2
Zoning: R3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 32Th St./ Thomas
Directions: North on 32Th St. East on Pinchot property on a corner lot of 34Th Pl. and Pinchot Ave. 2 Addreses
Geo Lat: 33.482453
Geo Lon: -112.007822
Status Change Info
Status Change Date: 2023-06-30
Legal Info
Township: 2N
Range: 3E
Section: 25
Lot Number: 195
Income & Expenses
Annual Ins Exp: 1116
Annual Landscape Exp: 250
Annual Legal & Acctg: 300
Annual Maint Exp: 1200
Annual Wtr/Swr Exp: 2040
Owner Association: No
Operating Exp: 6095
Gross Annual Sch Inc: 28800
Adjusted Gross Inc: 28800
Totl Mnth Rntal Inc: 2400
Net Operating Income: 28800
Pmt & Rate Info
Cap Rate: 5.24
Down Payment %: 100
Equity: 549500
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 900
# Baths: 1
Property Features
Project Type: Duplex
Construction: Block; Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle; Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Separate Storage
Interior Amenities: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Disposal; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Carport
Roads/Streets: Asphalt
Owner Pays: Water
Tenant Pays: Electric; Gas; Landscaping
Source of Fincl Data: Provided by Owner; Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Non Assumable
New Financing: CTL; Conventional
Reports/Disclosures: None
Environmental: None
Unbranded Floorplan Listing Office: Arizona Elite Properties
Last Updated: July - 01 - 2024
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