1350 E NORTHERN Avenue, 326, Phoenix, AZ 85020 (MLS# 5251477)


$28,000
1350 E NORTHERN Avenue, 326
Phoenix, AZ 85020
MLS# 5251477
Status: Closed
2 beds  |  2 baths


1350 E NORTHERN Avenue, 326, Phoenix, AZ 85020
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Property Description
Investor's delight! Can buy 1-12 units. Nice package of 12 condos available for $26-28,000 each, can be purchased individually. All 12 units are tenant-occupied and 7 out of 12 are TWO-BEDROOM UNITS! They have a cap rate of 8.1%, generating a net operating income of $26,062. Rents average $607/month/unit. HOA dues average $258/month/unit, because utilities are included in the rent for the tenants, but there is plenty of cash flow in these condos, with a 8.1% cash flow return. Onsite management available or you can choose your own property manager that is offsite. This is a beautiful well-run, well-maintained complex. Must be a CASH purchase.

Details
Maps
Contract Information
Status Change Date: 2015-04-18
Sold Price: $28,000
Status: Closed
Current Price: $28,000
List Date: 2015-03-17
Type: ER
Ownership: Condominium
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: M34
House Number: 1350
Compass: E
Street Name: NORTHERN
St Suffix: Avenue
Unit #: 326
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 4250
Country: USA
County Code: Maricopa
Assessor's Map #: 10
Assessor's Parcel #: 347
Assessor Number: 160-10-347
Legal Description (Abbrev): LA MIRADA CONDOMINIUM MCR 946-07 UNIT 326 (PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGARDING
Subdivision: LA MIRADA CONDOMINIUM
Tax Municipality: Maricopa - COUNTY
Taxes: 210
Tax Year: 2014
General Property Description
Dwelling Type: Apartment Style/Flat
Dwelling Styles: Stacked
Exterior Stories: 3
# of Interior Levels: 1
# Bedrooms: 2
# Bathrooms: 2
Approx SQFT: 850
Price/SqFt: 32.94
Horses: N
Builder Name: unknown
Year Built: 1973
Approx Lot SqFt: 850
Pool: Community Only
Elementary School: Desert View Elementary School
Jr. High School: Royal Palm Middle School
High School: Sunnyslope Elementary School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: Northern & 14th St
Directions: North side of Northern between 13th and 14th St.
Geo Lat: 33.553463
Geo Lon: -112.052987
Status Change Info
Off Market Date: 2015-04-01
Under Contract Date: 2015-03-31
Close of Escrow Date: 2015-04-17
Sold Price: $28,000
Legal Info
Township: 3N
Range: 3E
Section: 33
Lot Number: 326
Association & Fees
HOA Y/N: Y
HOA Transfer Fee: 400
HOA Fee: 301
HOA Paid Frequency: Monthly
HOA Name: La Mirada
HOA Telephone: 480-892-5222
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee $/%: %
Cap Improvement/Impact Fee 2 $/%: %
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 301
Basement
Basement Y/N: N
Separate Den/Office
Sep Den/Office Y/N: N
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Buyer - B
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Special Listing Cond: N/A
Architecture: Spanish
Building Style: Clustered
Master Bathroom: None
Additional Bedroom: Other Bedroom Split
Fireplace: No Fireplace
Flooring: Tile
Pool Features: No Pool
Spa: None
Community Features: Coin-Op Laundry; Community Laundry; Community Pool; Community Spa; Near Bus Stop
Dining Area: Dining in FR
Kitchen Features: Range/Oven Elec; Disposal; Dishwasher; Refrigerator; Non-laminate Counter
Laundry: None
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Tile
Cooling: Refrigeration
Heating: Electric
Utilities: SRP; Oth Elec (See Rmrks)
Water: City Water
Sewer: Sewer - Public
Services: City Services; Other (See Remarks)
Fencing: Wrought Iron
Landscaping: None
Possession: Close of Escrow
Unit Style: All on One Level; One Common Wall
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Garbage Collection; Pest Control; Air Cond/Heating; Front Yard Maint; Common Area Maint; Street Maint
Assoc Rules/Info: Pets OK (See Rmrks)
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional
Disclosures: Agency Discl Req

Listing Office: Sperry Van Ness, LLC

Last Updated: February - 04 - 2016

1350 E NORTHERN Avenue, 326, Phoenix, AZ 85020 - MLS# 5251477
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Kim & Henry Helfenbein | HOME BASE REALTY
3937 E Cholla Canyon Dr | Phoenix, AZ 85044

Cell: (480) 235-5360 | Email: KimAndHenry@cox.net