480-442-0779

3139 N 40TH Street, Phoenix, AZ 85018 (MLS# 6185694)

3139 N 40TH Street, Phoenix, AZ 85018

$1,050,000
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

Current Price: $958,000 Sold Price: $958,000 Status: Closed List Date: 2021-01-25 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

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 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 10 PALO ALTO PARK MCR 004431 Subdivision: PALO ALTO PARK Assessor's Map #: 15 Assessor's Parcel #: 48 Add'l Parcels: Yes Assessor Number: 127-15-048 Legal: LOT 10 PALO ALTO PARK MCR 004431 Census Tract: 111000 Tax Municipality: Phoenix Taxes: 3511 Tax Year: 2020 Marketing Name: Arcadia Groves on 40th

General Property Description

Lot Size Dimensions: 0 x 0 Year Built: 1955 Uncvrd Parking Spcs: 8 Total # of Units: 5 # of Buildings: 2 Zoning: R-3 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District

Remarks & Misc

Geo Lat: 33.486069 Geo Lon: -111.995085

Status Change Info

Status Change Date: 2021-04-13 Off Market Date: 2021-04-09 Under Contract Date: 2021-03-12 Close of Escrow Date: 2021-04-12 Sold Price: $958,000

Legal Info

Township: 2N Range: 4E Section: 30 Lot Number: 10

Income & Expenses

Annual Ins Exp: 2000 Annual Landscape Exp: 1200 Annual Maint Exp: 3000 Annual Mgmt Exp: 7488 Annual Wtr/Swr Exp: 2568 Owner Association: No Operating Exp: 19767 Gross Annual Sch Inc: 93600 Vacancy Allowance: 0.05 Adjusted Gross Inc: 88920 Net Operating Income: 69153

Pmt & Rate Info

Cap Rate: 6.59 Equity: 1050000

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 1200 Avg SqFt: 621 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 3000 Avg SqFt: 1682 # Baths: 2

Sold Info

Loan Type: Cash Payment Type: Fixed Closing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Project Type: 5 - 12 Units Other Type: House + Rental Units; Packaged Offering Construction: Block; Adobe Const - Finish: Painted; Brick Trim/Veneer Roofing: Comp Shingle; Tile; Foam Floors: Ceramic Tile Sale Includes: Land & Building Payment Includes: Principal Community Amenities: Pool; Other; See Remarks Exterior Amenities: Landscape Wtr System Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup Heating: Window/Wall Unit(s); Wall Furnace Cooling: Window/Wall Unit Water: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking: <1 Space Per Unit Roads/Streets: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electric; Gas; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional; No Carry Reports/Disclosures: None Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: April - 16 - 2021
3139 N 40TH Street, Phoenix, AZ 85018- MLS# 6185694
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.