238 S WILBUR Avenue 1, Gilbert, AZ 85233

$750,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $750,000 List Date: 12/04/2024 Last Modified: 2/15/2025

Overview

Description

Multi Family in Downtown Gilbert!? These two are home are beautifully remodeled. 3/1 and 3/2 Individual fenced lots. Approximately 6500 SF each (Same APN) Separate water and electrical meters. Separate Addresses. Same APN. Amazing opportunity to rent each long term or rent one short, one long etc. Strong VRBO/AIRBNB market.

Listing Details MLS# 6781172

Location, Tax & Legal

House Number
238
Compass
S
Street Name
WILBUR
St Suffix
Avenue
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85233
Zip4
6419
Country
US
County Code
Maricopa
Subdivision
WILBUR HOMES AMD
Assessor Number
302-34-027
Tax Year
2024
Unit #
Yes
Assessor's Map #
34
Legal Description (Abbrev)
WILBUR HOMES AMD
Assessor's Parcel #
27
Add'l Parcels
No
Tax Municipality
Gilbert
Census Tract
422403
Taxes
561
Legal
WILBUR HOMES AMD
Marketing Name
Wilbur

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
100.41 X128.92
Year Built
1956
Uncvrd Parking Spcs
Yes
Total # of Units
2
# of Buildings
2
Zoning
R10
Flood Zone
No
Elementary School District
Gilbert Unified District
High School District
Gilbert Unified District

Remarks Misc

Cross Street
Gilbert/Elliott

Status Change Info

Off Market Date
2025-01-31
Under Contract Date
2025-01-09
Close of Escrow Date
2025-02-14

Legal Info

Township
1S
Range
5E
Section
13
Lot Number
9

More Information

Income Expenses

Gross Annual Sch Inc
52000
Net Operating Income
50440

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
2200
Avg SqFt
1100
# Baths
2

Sold Info

Loan Type
VA
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
$
Seller Concession to Buyer
5000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Duplex
Yes

Other Type

House + Rental Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Composition
Yes
Rolled
Yes

Floors

Wood
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
561
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
50440

Pmt & Rate Info

Cap Rate
6.51
Equity
774990
Down Payment %
5
Monthly Payments
0
Total Owed
0

Lockbox Type

Supra
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Interior Features

Furnished
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

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

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes
Attached
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

See Remarks
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes

Special

Owner/Agent
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Stucco Roofing: Composition; Rolled Floors: Wood; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Interior Features: Furnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; W/D Hookup Cooling: Electric Water Source: Individual Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; 1 Space/Unit; Attached Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Water; Sewer; Electricity; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text Lockbox Type: Supra New Financing: Cash; VA; Conventional Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: February - 15 - 2025
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