$445,000
Phoenix, AZ 85021
MLS# 6021591
Status: Closed
1 / 26
Property Description
We are pleased to announce well maintained 4 plex in the of North Phoenix. This block-construction 4 plex has been recently rehabbed and consists of two one-bedroom/one bath and two two bedroom/one bath apartments. Each unit has dual pane windows, newer doors, newer appliances and fixtures, ceramic tile floors, newer electric service panels, and paint. The roof and A/C units are also newer. In addition, each unit has a covered parking space and a storage space. Possible room for stack able washer and dryer. Rents are way below market owner self manages and has not raised rents in years 650-750 currently. Proforma rents are 800-900. All facts and figures are approximate buyer verify MLS information. Drive by only tenants are unaware of sale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $445,000
Sold Price: $445,000
Status: Closed
List Date: 2020-01-09
Location, Tax & Legal
Assessor's Map #: 34
Legal Description (Abbrev): TURNER TERRACE PT LOT 58 OR FOOTHILL ACRES
Assessor's Parcel #: 66
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 825
Legal: LOT 19 TURNER TERRACE PT LOT 58 OR FOOTHILL
ACRES MCR 004332
Marketing Name: TURNER TERRACE
Map Code/Grid: M34
House Number: 9643
Compass: N
Street Name: 10TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 3121
Country: US
County Code: Maricopa
Subdivision: TURNER TERRACE PT LOT 58 OR
FOOTHILL ACRES
Assessor Number: 158-34-066
Tax Year: 2019
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: unknown
Total # of Units: 4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Elementary School: Other
Jr. High School: Other
High School: Other
Year Built: 1964
Zoning: R-4
Legal Info
Range: 3E
Section: 30
Township: 3N
Lot Number: 19
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 120
Annual Gas Exp: 0
Annual Ins Exp: 1500
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 3000
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 2500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9445
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 38760
Total Monthly Rental Income: 3400
Pmt & Rate Info
Cap Rate: 6.51
Down Payment: 0
Equity: 450000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Individual: 1
Cooling
Evaporative Cooling: 1
Electric: 1
Individual: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 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
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
# 1 Bedroom Units: 2
Avg Rent: 800
Avg SqFt: 608
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 900
Avg SqFt: 792
# 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: 15th Ave & Peoria Ave
Directions: South on 15th Ave. East on Mountain View Rd. South on 10th Ave to property.
Geo Lat: 33.574585
Geo Lon: -112.085482
Status Change Info
Off Market Date: 2020-08-24
Under Contract Date: 2020-07-15
Close of Escrow Date: 2020-08-31
Sold Price: $445,000
Income Expenses
Gross Annual Sch Inc: 40800
Net Operating Income: 29315
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator
Heating: Individual
Cooling: Electric; Evaporative Cooling; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text
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
Environmental: None
Listing Office: Grace CRE
Last Updated: May - 04 - 2026
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