480-442-0779

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


$1,800,000
3139 N 40TH Street
Phoenix, AZ 85018
MLS# 6185694



3139 N 40TH Street, Phoenix, AZ 85018
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Property Description
BACK ON MARKET, BUYERS COULD NOT PERFORM! 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. There are two parcels of beauty sitting on a whopping 0.82 acres in Arcadia lite. This property has 3 Single family homes, one four plex, and one duplex. The pool has been closed off to only use in the 3 bedroom house that is currently owner occupied. This property is a value add dream! Both parcels are APN 127-15-007 & 127-15-048 Bring us an offer! SEE DOC TABS FOR OM.

Details
Maps
Contract Info
Current Price: $1,800,000
List Price: $1,800,000
Status: Active
List Date: 2021-01-25
Ownership: Fee Simple
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
Apx Lot Size Range: 0 x 0
Year Built: 1955
Uncvrd Parking Spcs: 15
Total # of Units: 9
# of Buildings: 5
Zoning: R-3
Elem School Dist #: 001 - Phoenix Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.486069
Geo Lon: -111.995085
Status Change Info
Status Change Date: 2021-02-23
UCB or CCBS: No
Legal Info
Township: 2N
Range: 4E
Section: 30
Lot Number: 10
Income & Expenses
Annual Ins Exp: 4080
Annual Maint Exp: 5000
Annual Mgmt Exp: 11673
Annual Wtr/Swr Exp: 5040
Owner Association: No
Operating Exp: 29304
Gross Annual Sch Inc: 153600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 145920
Net Operating Income: 116616
Pmt & Rate Info
Cap Rate: 6.48
Equity: 1800000
Showing Instructions
To Schedule Showing: Contact Via Text, Phone or Email
ARMLS Lockbox: No
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 1200
Avg SqFt: 659
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 3000
Avg SqFt: 1682
# Baths: 2
Contact Info
List Agent Cell Phn: 480-765-0292
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(s); 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
New Financing: Conventional; No Carry
Reports/Disclosures: None
Environmental: None

Listing Office: S.J. Fowler Real Estate, Inc.

Last Updated: February - 23 - 2021

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

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Saturday 6th of March 2021 09:23 AM