8122 N 33rd Avenue, Phoenix, AZ 85051

$750,000
List Price
$750,000
Status
PENDING
Price Change
▲ $50,000 1638237940
Days on Market
12
MLS#
6323730
City
Phoenix
Lot Size
4
Year Built
1974

Property Description

Stable, well-performing 4-plex in established N. Phx neighborhood close to I-17 freeway, light rail access, GCU, ASU West, and potential redevelopment projects at Metrocenter. Newer stucco building with (1) 3bed/2bath, (3) 2bed/1bath units and 4 garage spots, with a private yard for the main unit. Full renovation to the main 3/2 unit w/modern decor, along with many updates to the remaining 2/1 units. On-site laundry (2 washers/2 dryers) and all units indiv metered for electric (tenant paid). Property is in great condition with over $120k invested in renovations/improvements including new roof, dual-pane windows throughout, and new irrig. system. Main unit is vacant so property could qualify for FHA loan, all other units are MTM. Gross rents around $52000/yr with plenty of room for increase

Additional Information

Gross Annual Sch Inc
51912
Adjusted Gross Inc
50873
Taxes
$2,158
Annual Ins Exp
1292
Annual Maint Exp
2007
Annual Water Sewer Exp
3634
Annual Owner Assoc Fee
1860
Annual Landscape Exp
440
Operating Exp
11391
Net Operating Income
$39,447
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Add'l Parking Avail, Attached, Auto Door Opener, Garage, Paved Parking, Street Parking
Cooling
Ceiling Fan(s), Central A/C, Electric, Individual
Heating
Electric, Heat Pump
Floors
Carpet, Ceramic Tile, Vinyl
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Exterior Amenities
Cable TV Available, Green Landscaping, Landscape Wtr System, Patio/Balcony, Separate Storage
Zoning
R-4
Subdivision
Northern Lanai Unit 1
Community Amenities
No Pool
Electric
Individual Meter, SRP
Gas
None
Water
City Franchise, Master Meter
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
1031 Exchange, Conventional, FHA, VA
Elementary School
Alta Vista Elementary School
Middle School
Palo Verde Middle School
High School
Cortez High School
School District
205 - Glendale Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of HomeSmart.

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