503 E CAROL Avenue, Phoenix, AZ 85020 - MLS #6179122

images$310,000 images******** Beds

images******** Bath images1972

imagesClosed

icon Ask a Question

Description

Opportunity knocks! Great income generating 4 plex/multifamily for sale in Central Phoenix. Recently remodeled interiors, all units rented with long term leases in place. Three, 1-bed 1-bath units and one stand alone studio. 3 units remodeled with wood look tile, kitchen and bath remodel, all appliances owned and convey with the sale. Do Not Disturb Tenants.

Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Window/Wall Unit(s)
Cooling: Electric; Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit; Add'l Parking Avail
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Status Update: Multiple Offers Recd
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Environmental: None
Contract Info
Current Price: $310,000
Sold Price: $310,000
Status: Closed
List Date: 2021-01-09
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: M34
House Number: 503
Compass: E
Street Name: CAROL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2027
County Code: Maricopa
Assessor Number: 159-45-109
Tax Year: 2020
General Property Description
Lot Size Dimensions: 89.10'x86.99'
Year Built: 1972
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: R-3
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Jr. High School: Sunnyslope High School
High School: Sunnyslope High School
Remarks Misc
Cross Street: 7th St and Hatcher Rd
Directions: From 7th, head West on Hatcher Rd to 5th St, head North on 5th, property on the SE corner of 5th and Carol
Geo Lat: 33.572107
Geo Lon: -112.067103
Status Change Info
Off Market Date: 2021-01-28
Under Contract Date: 2021-01-15
Close of Escrow Date: 2021-01-27
Sold Price: $310,000
Legal Info
Township: 3N
Range: 3E
Section: 29
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 32400
Net Operating Income: 25914
Efficiency Units
# Efficiency Units: 1
Avg Rent: 750
Avg SqFt: 288
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 700
Avg SqFt: 416
# Baths: 1
Contact Info
List Agent Home Phn: 623-330-8965
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $