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

Current Price: $958,000 Sold Price: $958,000 Status: Closed 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 County Code: Maricopa Subdivision: PALO ALTO PARK Assessor Number: 127-15-048 Tax Year: 2020

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

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

Gross Annual Sch Inc: 93600 Net Operating Income: 69153

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 Veneer Roofing: Composition; Tile; Foam Floors: Ceramic Tile Sale Includes: Land & Building Payment Includes: Principal Community Features: Pool; Other; See Remarks Exterior Amenities: Landscape Wtr 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

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