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

Overview

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.

Listing Details MLS# 6092861

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
4619217
Assessor Number
123-45-139
Tax Year
2019
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

Contract Info

Ownership
Leasehold

General Property Description

Lot Size Dimensions
96 x 100
Year Built
1972
Uncvrd Parking Spcs
3
Total # of Units
3
# of Buildings
Yes
Zoning
R3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District

Remarks Misc

Cross Street
Southern & Priest
Directions
Southern to Roosevelt, south on Roosevelt to Pebble Beach, left on Pebble Beach

Status Change Info

Off Market Date
2020-10-31
Under Contract Date
2020-10-02
Close of Escrow Date
2020-10-30

Legal Info

Township
1N
Range
4E
Section
33
Lot Number
6

More Information

Income Expenses

Gross Annual Sch Inc
59856
Net Operating Income
41176

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1400
Avg SqFt
775
# Baths
Yes

4 Bedrooms Units

# 4 Bedroom Units
Yes
Avg Rent
2100
Avg SqFt
1332
# 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

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes
Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

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
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Electric
Yes
Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Garage
Yes
Carport
Yes
>1 Space Per Unit
Yes
Garage Door Opener
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Other
Yes
See Remarks
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
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

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
IDX
Listing Office: The Beshk Group, Inc.
Last Updated: April - 08 - 2022
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