1559 W Mercer Lane, Phoenix, AZ 85029

$550,000
Sold Price
$550,000
List Price
$690,000
Status
CLOSED
Closing Date
Sep 28, 2023
Days on Market
8
MLS#
6606952
City
Phoenix
Lot Size
4
Year Built
1984

Property Description

Nice 4 Unit Fourplex. Great opportunity for Investor to grab this one quick! Close to I-17. All Units have 2 Bedrooms ,2 Full Bathrooms and 1 Fireplace. Downstairs units have their own backyard* Upstair units have vaulted ceilings and private balconies* Landlord owns all appliances and convey with property* Roof replaced 2021* New exterior paint 2022*Buyer to verify all facts and figures.

Additional Information

Gross Annual Sch Inc
60612
Adjusted Gross Inc
60612
Taxes
$1,689
Annual Ins Exp
695
Annual Water Sewer Exp
1272
Annual Owner Assoc Fee
8381
Annual Other Exp
1746
Operating Exp
13783
Net Operating Income
$48,517
Units
4
Project Type
Four Plex
Construction
Frame - Wood
Roofing
Foam, Tile
Parking
1 Space/Unit, Carport, Free, Paved Parking
Cooling
Ceiling Fan(s), Central A/C, Electric
Heating
Central, Electric
Floors
Carpet, Ceramic Tile
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds
Exterior Amenities
Desert Landscaping, Green Landscaping, Landscape Wtr System, Patio/Balcony
Zoning
R3A
Subdivision
Muy Felices Casas Lt 1-20 Tr A-G
Community Amenities
Pool
Electric
APS
Gas
None
Water
City Franchise, Master Meter
Sewer
Sewer - Public, Sewer-In & Connected
Tenant Pays
Cable TV, Electric
New Financing
Other (See Remarks)
Elementary School
Shaw Butte School
Middle School
Mountain Sky Middle School
High School
Greenway High School
School District
Glendale Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Keller Williams Integrity First. Selling Office: Russ Lyon Sotheby's International Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.