114 E MARIPOSA Street, Phoenix, AZ 85012

$1,835,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,835,000 Last Modified: 12/26/2024

Overview

Description

Beautiful, fully leased 10-plex in heart of Central Corridor. Fully remodeled units that retain mid-century charm. New porcelain tile throughout, solid wood cabinets, quartz counters, undermount sink in kitchen. Updated baths with new showers, tub, toilet, vanities, new fans and fixtures throughout. New front and back doors, new fixtures, hardware and blinds throughout. Clean brick elevation with grass, new bushes and new sprinkler/drip system in front yard. Units have a fenced front porch area that really sets the property apart. Neighborhood is blowing up with restaurants, retail and light rail-one of the few residential options truly in walking distance to everything you need. Laundry Room with owned units. Tile roof replaced in 2013. This property really has it all.

Listing Details MLS# 5632812

Location, Tax & Legal

Map Code/Grid
P34
House Number
114
Compass
E
Street Name
MARIPOSA
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85012
Zip4
1645
Country
US
County Code
Maricopa
Subdivision
ST FRANCIS PLACE
Assessor Number
155-27-018
Tax Year
2016
Assessor's Map #
27
Legal Description (Abbrev)
LOT 12 ST FRANCIS PLACE MCR 002447
Assessor's Parcel #
18
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
108802
Taxes
3081
Legal
LOT 12 ST FRANCIS PLACE MCR 002447
Marketing Name
Mariposa Palms

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
19,950 sf
Year Built
1951
Uncvrd Parking Spcs
10
Total # of Units
10
# of Buildings
Yes
Zoning
R-3
Elementary School District
Madison Elementary District
High School District
Phoenix Union High School District
Elementary School
Madison #1 Middle School
Jr. High School
Madison Meadows School
High School
Central High School

Remarks Misc

Cross Street
Central Ave & Camelback Road
Directions
East on Camelback to 3rd Street, South 1 block to Mariposa, west 2 blocks to property on N Side of Street

Status Change Info

Off Market Date
2017-11-16
Under Contract Date
2017-09-12
Close of Escrow Date
2017-11-30

Legal Info

Township
2N
Range
3E
Section
20
Lot Number
12

More Information

Income Expenses

Gross Annual Sch Inc
129481
Net Operating Income
99213

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
882.5
Avg SqFt
650
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
1120.69
Avg SqFt
825
# Baths
Yes

Contact Info

List Agent Home Phn
602-708-1635

Sold Info

Loan Type
Conventional
Loan Years
25
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
27500
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

5 - 12 Units
Yes

Construction

Brick
Yes
Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Tile
Yes

Floors

Other
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
474
Annual Gas Exp
733
Annual Ins Exp
2976
Annual Land Lse Exp
0
Annual Landscape Exp
2825
Annual Legal & Acctg
0
Annual Maint Exp
5000
Annual Mgmt Exp
6125
Annual Trash Exp
1600
Annual Wtr/Swr Exp
2458
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
2740
Operating Exp
28012
Other Income
4440
Vacancy Allowance
0.05
Adjusted Gross Inc
127224.95

Pmt & Rate Info

Cap Rate
5.36
Down Payment
0
Equity
1850000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Natural Gas
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Partially Fenced
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes
Assigned
Yes

Electric

APS
Yes
Submetered System
Yes

Gas

SW Gas
Yes
Submetered System
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Assume - Qualify
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Brick; Slump Block Const - Finish: Painted Roofing: Tile Floors: Other Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator Heating: Natural Gas; Heat Pump Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Submetered System Gas: SW Gas; Submetered System Parking Features: 1 Space/Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume - Qualify Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: Phoenix Prestige Real Estate
Last Updated: December - 26 - 2024
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