$327,500
Phoenix, AZ 85029
MLS# 6030965
Status: Closed
1 / 24
Property Description
We are pleased to present a beautiful triplex with moutain views in the heart of Phoenix. Fully rented all two bedrooms one bath units with yards. All units have central air and newer roof, new paint and a new fence. Two of the units have been updated. Current rents are below market 600-650. Nice value add to add rents to increase your return. Seller is also willing to entertain an seller carry back.There is a onsite laundry where you could add a coin op for income. All facts and figuers are approximate buyer verify MLS information. Drive by only.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $327,500
Sold Price: $327,500
Status: Closed
List Date: 2020-01-29
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): S 100F SW4 SW4 NE4 SW4 SEC 19 EX E 183.59F EX S & W 25 RDS & EX 10X10 TRI IN SW COR
Assessor's Parcel #: 22
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 1016
Legal: S 100F SW4 SW4 NE4 SW4 SEC 19 EX E 183.59F EX S & W 25 RDS & EX 10X10 TRI IN SW COR
Marketing Name: Desert Cove Aparments
Map Code/Grid: M34
House Number: 11003
Compass: N
Street Name: 17TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 6933
Country: US
County Code: Maricopa
Assessor Number: 159-11-022-J
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: irregular
Total # of Units: 3
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1962
Zoning: R-3
Legal Info
Range: 3E
Section: 19
Township: 3N
Lot Number: unknown
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Building(s) Only: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 500
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 1650
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 8866
Other Income: 1200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 31920
Total Monthly Rental Income: 2700
Pmt & Rate Info
Cap Rate: 6.6
Down Payment: 0
Equity: 350000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Evaporative Cooling: 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Unknown: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
None: 1
Other: 1
See Remarks: 1
New Financing
Cash to Loan: 1
FHA: 1
Owner May Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 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: 3
Avg Rent: 900
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
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: N on 19th Ave
Directions: N on 19th Ave 2 Blocks past Peoria to Desert Cove East on Desert Cove.
Geo Lat: 33.585877
Geo Lon: -112.09525
Status Change Info
Off Market Date: 2020-06-27
Under Contract Date: 2020-05-21
Close of Escrow Date: 2020-06-26
Sold Price: $327,500
Income Expenses
Gross Annual Sch Inc: 32400
Net Operating Income: 23114
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete
Sale Includes: Building(s) Only; Personal Property
Community Features: No Pool
Exterior Amenities: Landscape Water System
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Refrigerator; Microwave
Heating: Natural Gas
Cooling: Electric; Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: None; Other; See Remarks
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection
Source of Fincl Data: Projected Proforma; Unknown
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: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; FHA; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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