1118 S MCCLINTOCK Drive, Tempe, AZ 85281
$532,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$532,500
List Date:
7/21/2020
Last Modified:
1/31/2023
Description
FULLY ocupied-$1295 per unit plus pet rent Over the Top finishes and what a beauty! Firepit, Stone BBQ, Stainless Steel Appliances, Wood Grain Tile, Granite and NEW ROOF w/storage rooms & onsite Laundry. 2 Bedroom 2 bath & carport. Artificial Grass w/new Community BBG and Firepit. The perfect modern colors w/an amazing location. Fully Occupied at $1,295 + pet rent. Clear Termite and Clear Inspection Report as well. Buyer to verify all Facts and Figures. All work done by Licensed Contractor 2 year warranty. . Look at the NEW Colorful Sails.
More Information MLS# 6106003
Contract Info
Ownership: Fee Simple
Current Price: $532,500
Sold Price: $532,500
Status: Closed
List Date: 2020-07-21
Location, Tax & Legal
Assessor's Map #: 61
Legal Description (Abbrev): LOT 65 BORDEN HOMES MCR 004003
Assessor's Parcel #: 65
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319103
Taxes: 1262
Legal: LOT 65 BORDEN HOMES MCR 004003
Marketing Name: Remodeled Duplex
Map Code/Grid: R37
House Number: 1118
Compass: S
Street Name: MCCLINTOCK
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 8517
County Code: Maricopa
Subdivision: BORDEN HOMES
Assessor Number: 132-61-065-B
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: irregular
Total # of Units: 2
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1970
Zoning: Multi
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 65
Project Type
Duplex: 1
Construction
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 1200
Annual Landscape Exp: 600
Annual Maint Exp: 700
Annual Mgmt Exp: 1440
Annual Wtr/Swr Exp: 1080
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6282
Other Income: 300
Vacancy Allowance: 0.03
Adjusted Gross Inc: 30438.6
Pmt & Rate Info
Cap Rate: 4.47
Equity: 540000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
Barbecue: 1
Heating
Heat Pump: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Individual: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Free: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
New Financing
Conventional: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Sch of Personal Prop: 1
Other (See Remarks): 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1295
Avg SqFt: 750
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: McClintock and University
Directions: From University go south to 12 Street. turn West and pull into the first driveway. Property is on the East Side of the driveway.
Geo Lat: 33.416474
Geo Lon: -111.909422
Status Change Info
Off Market Date: 2020-12-09
Under Contract Date: 2020-12-09
Close of Escrow Date: 2021-01-11
Sold Price: $532,500
Income Expenses
Gross Annual Sch Inc: 31080
Net Operating Income: 24156
Property Features
Project Type: Duplex
Construction: Slump Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Features: Barbecue
Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Other
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Cable TV; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; No Carry
Environmental: None
Listing Office:
Gerchick Real Estate
Last Updated: January - 31 - 2023
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