1346 E MOUNTAIN VIEW Road, Phoenix, AZ 85020

$1,300,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,300,000 Last Modified: 12/16/2024

Overview

Description

The Kelsey Marie (Mountain view Acres) is a low density property situated on nearly one acre with gated pool. Lots of parking. All units are 2 bed one bath and some are updated. Great investor opportunity to refresh on unit turns and push rents up to market. Lots of potential for value add. New roof in 2005 and exterior painted in 2009.

Listing Details MLS# 5517512

Location, Tax & Legal

Map Code/Grid
L34
House Number
1346
Compass
E
Street Name
MOUNTAIN VIEW
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
6222
Country
US
County Code
Maricopa
Subdivision
MOUNTAIN ACRES LOT 1
Assessor Number
159-30-110
Tax Year
2015
Assessor's Map #
30
Legal Description (Abbrev)
MOUNTAIN ACRES MCR 299-38
Assessor's Parcel #
110
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
104702
Taxes
7060
Legal
MOUNTAIN ACRES MCR 299-38
Marketing Name
The Kelsey Marie

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
39,661
Year Built
1986
Uncvrd Parking Spcs
38
Total # of Units
20
# of Buildings
2
Zoning
R3
Elementary School
Mercury Mine Elementary School
Jr. High School
Sunnyslope High School
High School
Sunnyslope High School

Remarks Misc

Cross Street
Cave Creek Road and Mountain View Road
Directions
From Dunlap take Cave Creek Road North and turn right onto Mountaiview. Property is on your left (north side).

Status Change Info

Off Market Date
2016-12-05
Under Contract Date
2016-12-02
Close of Escrow Date
2016-12-30

Legal Info

Township
3N
Range
3E
Section
28
Lot Number
Yes

More Information

Income Expenses

Net Operating Income
91817

2 Bedroom Units

# 2 Bedroom Units
20
Avg Rent
650
Avg SqFt
80
# Baths
Yes

Contact Info

List Agent Home Phn
480-248-8256

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

13 - 24 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Wood
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
7060
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Cap Rate
6.35
Down Payment
0
Equity
1446000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes
Barbecue
Yes

Heating

Individual
Yes

Cooling

Individual
Yes

Tenant Pays

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

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Landscaping
Yes
Pool Maintenance
Yes

New Financing

Conventional
Yes
Owner May Carry
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
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

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted Roofing: Composition Floors: Vinyl; Wood; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Barbecue Appliances Included: Built-In Range; Refrigerator Heating: Individual Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Free Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable 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; Owner May Carry Environmental: None
IDX
Listing Office: Arizona Investment & Mgt, LLC
Last Updated: December - 16 - 2024
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.