4625-4631 N 12 Avenue, Phoenix, AZ 85013 (MLS# 6266410)

4625-4631 N 12 Avenue, Phoenix, AZ 85013

$1,600,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,600,000 Last Modified: 12/08/2021

Overview

Description

Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One Large 3BR & 2BA unit and five 2BR & 2BA units. All units have private storage rooms & there is a 2 car garage for additional revenue. All 2BR rents are currently below market at $1100-$1165. 2 BR Market rents are $1,250-$1350 Buyer to verify all facts and figures.

Listing Details MLS# 6266410

Location, Tax & Legal

Map Code/Grid: P35
House Number: 4625-4631
Compass: N
Street Name: 12
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Country: US
County Code: Maricopa
Assessor Number: 155-43-186-A
Tax Year: 2021
Assessor's Map #: 43
Assessor's Parcel #: 186
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 2767
Legal: Legal Description supplied by title to govern
Marketing Name: 6 unites

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irr
Year Built: 1961
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 3
Zoning: R-3
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Directions: 11 Ave and Camelback Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.

Status Change Info

Off Market Date: 2021-10-08
Under Contract Date: 2021-10-08
Close of Escrow Date: 2021-12-07

Legal Info

Lot Number: a

More Information

Income Expenses

Gross Annual Sch Inc: 90240
Net Operating Income: 66544

2 Bedroom Units

# 2 Bedroom Units: 5
Avg Rent: 1151
Avg SqFt: 912
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 1695
Avg SqFt: 1092
# 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

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes

Sale Includes

Personal Property: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Ins Exp: 3165
Annual Maint Exp: 3978
Annual Mgmt Exp: 7055
Annual Wtr/Swr Exp: 3544
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1200
Operating Exp: 21709
Other Income: 650
Vacancy Allowance: 0.03
Adjusted Gross Inc: 88163.3

Pmt & Rate Info

Cap Rate: 3.91
Equity: 1700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Heat Pump: Yes
Individual: Yes

Cooling

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

Exterior Amenities

Landscape Water System: Yes
Partially 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

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Garage: Yes
Carport: Yes
Free: Yes
On Street: Yes
Paved: Yes
Garage Door Opener: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
No Carry: Yes

Special

Owner/Agent: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
APOD/Backup Avaible: Yes
Sch of Personal Prop: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom 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 Sale Includes: Personal Property Community Features: No Pool; Barbecue Exterior Amenities: Landscape Water System; Partially 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 Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: None Parking Features: Garage; Carport; On Street; Garage Door Opener; Assigned; Free; Paved Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Lockbox Type: None New Financing: Conventional; No Carry Environmental: None

Listing Office: Gerchick Real Estate

Last Updated: December - 08 - 2021