718 W HAZELWOOD Street, Phoenix, AZ 85013

$1,477,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,477,000 Last Modified: 6/12/2020

Overview

Description

Property sold prior to MLS. Offering added for comp purposes. 100% occupied turn key... this excellent opportunity is nestled snuggly between Camelback Rd and the trendy Melrose District. Near employment/shopping venues as well as hospitals, educational, and entertainment venues. Location, Location, Location! Boasting pretty trees and shrubs while not being encumbered by high maintenance landscaping. Always 100% Occupied. 2 parcels means residential financing is possible.

Listing Details MLS# 6012186

Location, Tax & Legal

Map Code/Grid
P34
House Number
718
Compass
W
Street Name
HAZELWOOD
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85013
Zip4
2664
Country
US
County Code
Maricopa
Subdivision
INCOME ACRES
Assessor Number
155-37-105-B
Tax Year
2019
Assessor's Map #
37
Legal Description (Abbrev)
INCOME ACRES MCR 25/02 LOT 8 E 65F OF S 150F
Assessor's Parcel #
105
Assessor Parcel Ltr
B
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
108902
Taxes
2844
Legal
INCOME ACRES MCR 25/02 LOT 8 E 65F OF S 150F
Marketing Name
Glidewell in Grandview

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
19500 SF
Year Built
1975
Uncvrd Parking Spcs
12
Total # of Units
8
# of Buildings
2
Zoning
R-3
Elementary School District
Osborn Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
7th Ave & Camelback
Directions
South on 7th Ave. Right on Campbell First right onto Hazelwood. Property is around the bend on the north side of the st

Status Change Info

Off Market Date
2019-12-06
Under Contract Date
2019-11-28
Close of Escrow Date
2019-12-05

Legal Info

Township
2N
Range
3E
Section
19
Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
111480
Net Operating Income
84150.52

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1032.5
Avg SqFt
650
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
6
Avg Rent
1204.17
Avg SqFt
800
# Baths
Yes

Contact Info

List Agent Home Phn
602 999-2772

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

Four Plex
Yes
5 - 12 Units
Yes

Construction

Slump Block
Yes

Const - Finish

Other (See Remarks)
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Sealed
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
6962
Annual Land Lse Exp
0
Annual Landscape Exp
1680
Annual Legal & Acctg
0
Annual Maint Exp
1200
Annual Mgmt Exp
8472.48
Annual Trash Exp
0
Annual Wtr/Swr Exp
3317
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
1600
Annual Other Expense
4762
Operating Exp
30837.48
Other Income
6240
Vacancy Allowance
0.05
Adjusted Gross Inc
111834

Pmt & Rate Info

Cap Rate
5.5
Down Payment
0
Equity
1529000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Central
Yes

Cooling

Electric
Yes
Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes
Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes
Pool Maintenance
Yes

New Financing

Conventional
Yes
No Carry
Yes

Existing 1st Loan

Treat as Free&Clear
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex; 5 - 12 Units Construction: Slump Block Const - Finish: Other (See Remarks) Roofing: Composition Floors: Concrete; Sealed Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer; W/D Hookup Heating: Central; Heat Pump Cooling: Electric; Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear 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; No Carry Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: June - 12 - 2020
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