2526 W Ocotillo Road, Phoenix, AZ 85017

$520,000
Sold Price
$520,000
List Price
$495,000
Status
CLOSED
Closing Date
Jan 31, 2022
Days on Market
51
MLS#
6330981
City
Phoenix
Year Built
2006

Property Description

Two on Ocotillo is located near I17 and Grand Canyon University. Both units are 3 bedroom 2 bath units. Both have a large private yard in back Newer construction perfect for a first time investor or owner occupied. Seller just painted building and one unit B is vacant is rent ready. Unit A month to month at $790. Current owner does not have financials. Market rents are $1,300 to $1,500 per unit. Tenants pay for own water sewer and trash. Self managed to family and friends currently. Drive by only tenants are unaware of sale. All facts and figures are approximate buyer verify MLS information.

Additional Information

Gross Annual Sch Inc
32400
Adjusted Gross Inc
30780
Taxes
$1,384
Annual Ins Exp
1200
Annual Maint Exp
1000
Annual Landscape Exp
500
Operating Exp
4084
Net Operating Income
$26,731
Units
2
Project Type
Duplex
Construction
Other (See Remarks)
Roofing
Comp Shingle
Parking
>1 Space Per Unit
Cooling
Ceiling Fan(s), Central A/C, Electric
Heating
Electric, Heat Pump
Floors
Carpet, Vinyl
Interior Amenities
Mini Blinds
Exterior Amenities
Desert Landscaping, Fenced, Separate Storage
Zoning
R
Subdivision
Krall's Homesites
Community Amenities
Other, See Remarks
Electric
APS
Gas
None
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Cable TV, Electric, Sewer, Water
New Financing
Conventional, FHA, VA
Elementary School
Other
Middle School
Other
High School
Washington High School
School District
205 - Glendale Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Grace CRE. Selling Office: HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.