515 W PEBBLE BEACH Drive, Tempe, AZ 85282
$640,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$640,000
Last Modified:
4/08/2022
Description
Amazing fully remodeled triplex in the heart of Tempe! This property has one 4 bedroom 2 bath two car garage. The other two units are both two bedroom one bath units with covered parking. A super rare bonus of this property tenants pay for water sewer and trash and electric! This property is an exceptional residential neighborhood with a beautiful park at the end of the street. This property has been completely renovated! Brand new kitchens, floors, bathrooms, paint, plumbing, lighting, and new windows. There are two year leases in place for a tenant that is doing an Air B &B and is grossing 4,988. This building is preforming at 6% cap on actual numbers.
More Information MLS# 6092861
Contract Info
Ownership: Leasehold
Current Price: $640,000
Sold Price: $640,000
Status: Closed
List Date: 2020-06-19
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LAGUNA ESTATES 2
Assessor's Parcel #: 139
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319702
Taxes: 2256
Legal: LOT 6 LAGUNA ESTATES 2 MCR 012409
Marketing Name: Laguna Estates
Map Code/Grid: R36
House Number: 515
Compass: W
Street Name: PEBBLE BEACH
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4826
County Code: Maricopa
Subdivision: 4619217
Assessor Number: 123-45-139
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 96 x 100
Total # of Units: 3
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1972
Zoning: R3
Legal Info
Range: 4E
Section: 33
Township: 1N
Lot Number: 6
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1430
Annual Land Lse Exp: 12000
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 2500
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: 2750
Operating Exp: 20936
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 59856
Total Monthly Rental Income: 4988
Pmt & Rate Info
Cap Rate: 6.06
Down Payment: 0
Equity: 149000
1st Encumbrance: 530000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 530000
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Electric: 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Patio/Balcony: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Garage: 1
Carport: 1
>1 Space Per Unit: 1
Garage Door Opener: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Other: 1
See Remarks: 1
New Financing
Conventional: 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 775
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 2100
Avg SqFt: 1332
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Southern & Priest
Directions: Southern to Roosevelt, south on Roosevelt to Pebble Beach, left on Pebble Beach
Geo Lat: 33.390822
Geo Lon: -111.946788
Status Change Info
Off Market Date: 2020-10-31
Under Contract Date: 2020-10-02
Close of Escrow Date: 2020-10-30
Sold Price: $640,000
Income Expenses
Gross Annual Sch Inc: 59856
Net Operating Income: 41176
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Patio/Balcony
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal
Heating: Heat Pump
Cooling: Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: Garage; Carport; >1 Space Per Unit; Garage Door Opener
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
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
Listing Office:
The Beshk Group, Inc.
Last Updated: April - 08 - 2022
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