3139 N 40TH Street, Phoenix, AZ 85018
$958,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$958,000
Last Modified:
4/16/2021
Description
This beautiful paradise for tenants looks to be off the beaten path with full mature landscaping full privacy hedges, banana trees, bougainvillea and so forth.this nearly half acre in Arcadia lite property has a Full Single family house and a four plex! The pool has been closed off to only use in the 3 bedroom house that is currently vacant. This property is a value add dream! Currently four units have been left vacant for the purpose of a sale! Property is on Lockbox call for info! There is a second parcel at 3323 n 40th st if interested in both parcels Owner will sell for 1,800,000.
More Information MLS# 6185694
Contract Info
Ownership: Fee Simple
Current Price: $958,000
Sold Price: $958,000
Status: Closed
List Date: 2021-01-25
Location, Tax & Legal
Assessor's Map #: 15
Legal Description (Abbrev): LOT 10 PALO ALTO PARK MCR 004431
Assessor's Parcel #: 48
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 111000
Taxes: 3511
Legal: LOT 10 PALO ALTO PARK MCR 004431
Marketing Name: Arcadia Groves on 40th
Map Code/Grid: P36
House Number: 3139
Compass: N
Street Name: 40TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
County Code: Maricopa
Subdivision: PALO ALTO PARK
Assessor Number: 127-15-048
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 8
Lot Size Dimensions: 0 x 0
Total # of Units: 5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1955
Zoning: R-3
Legal Info
Range: 4E
Section: 30
Township: 2N
Lot Number: 10
Project Type
5 - 12 Units: 1
Other Type
House + Rental Units: 1
Packaged Offering: 1
Construction
Block: 1
Adobe: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Tile: 1
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2000
Annual Landscape Exp: 1200
Annual Maint Exp: 3000
Annual Mgmt Exp: 7488
Annual Wtr/Swr Exp: 2568
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 19767
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 88920
Pmt & Rate Info
Cap Rate: 6.59
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Payment Includes
Principal: 1
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Other: 1
See Remarks: 1
Heating
Window/Wall Unit(s): 1
Wall Furnace: 1
Cooling
Window/Wall Unit: 1
Exterior Amenities
Landscape Water System: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
W/D Hookup: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
No Carry: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1200
Avg SqFt: 621
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 3000
Avg SqFt: 1682
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.486069
Geo Lon: -111.995085
Status Change Info
Off Market Date: 2021-04-09
Under Contract Date: 2021-03-12
Close of Escrow Date: 2021-04-12
Sold Price: $958,000
Income Expenses
Gross Annual Sch Inc: 93600
Net Operating Income: 69153
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units; Packaged Offering
Construction: Block; Adobe
Const - Finish: Painted; Brick Veneer
Roofing: Composition; Tile; Foam
Floors: Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal
Community Features: Pool; Other; See Remarks
Exterior Amenities: Landscape Water System
Appliances Included: Built-In Range; Refrigerator; W/D Hookup
Heating: Window/Wall Unit(s); Wall Furnace
Cooling: Window/Wall Unit
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: <1 Space Per Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional; No Carry
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: April - 16 - 2021
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