1118 S MCCLINTOCK Drive, Tempe, AZ 85281 (MLS# 6106003)

1118 S MCCLINTOCK Drive, Tempe, AZ 85281

$532,500

1118 S McClintock Dr-large-007-029-Build

Property Type: Multiple Dwellings Status: Closed

Current Price: $532,500 List Date: 7/21/2020 Last Modified: 1/31/2023

Overview

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.

Listing Details MLS# 6106003

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: BORDEN HOMES
Assessor Number: 132-61-065-B
Tax Year: 2020
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irregular
Year Built: 1970
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: Yes
Zoning: Multi
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District

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.

Status Change Info

Off Market Date: 2020-12-09
Under Contract Date: 2020-12-09
Close of Escrow Date: 2021-01-11

Legal Info

Township: 1N
Range: 4E
Section: 23
Lot Number: 65

More Information

Income Expenses

Gross Annual Sch Inc: 31080
Net Operating Income: 24156

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1295
Avg SqFt: 750
# Baths: 2

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Duplex: Yes

Construction

Slump Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes

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: Yes

Community Features

Barbecue: Yes

Heating

Heat Pump: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Desert Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Separate Storage: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes
Other (See Remarks): Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
>1 Space Per Unit: Yes
Add'l Parking Avail: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Cable TV: Yes
Landscaping: Yes

New Financing

Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Sch of Personal Prop: Yes
Other (See Remarks): Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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