2206 W Granada Road, Tempe, AZ 85282

$535,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $535,000 Last Modified: 7/06/2017

Overview

Description

all 2 bedrooms fully rented

Listing Details MLS# 5234370

Location, Tax & Legal

Map Code/Grid
R37
House Number
2206
Compass
W
Street Name
Granada
St Suffix
Road
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Country
US
County Code
Maricopa
Assessor Number
133-25-024
Tax Year
2014
Assessor's Map #
25
Assessor's Parcel #
24
Add'l Parcels
Yes
Tax Municipality
Tempe
Taxes
3776
Legal
SUNSET VISTA
Marketing Name
Granda

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
17760
Year Built
1965
Uncvrd Parking Spcs
4
Total # of Units
8
# of Buildings
2
Zoning
Res
Elementary School District
Tempe Elementary School District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
Rural/Broadway

Status Change Info

Off Market Date
2015-02-09
Under Contract Date
2015-02-09
Close of Escrow Date
2015-03-02

Legal Info

Lot Number
12

More Information

Income Expenses

Gross Annual Sch Inc
57120
Net Operating Income
29220

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
625
Avg SqFt
800
# Baths
Yes

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

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
2000
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
0
Annual Maint Exp
3000
Annual Mgmt Exp
5712
Annual Trash Exp
0
Annual Wtr/Swr Exp
5600
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
3756
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
54264
Total Monthly Rental Income
4760

Pmt & Rate Info

Cap Rate
5.46
Down Payment
0
Equity
535000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Partially Fenced
Yes
Cable TV Available
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
On Street
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
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: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced; Cable TV Available Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; On Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear 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: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: July - 06 - 2017
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