$220,000
Phoenix, AZ 85008
MLS# 6046160
Status: Closed
1 / 10
Property Description
5K Buyer fix up bonus, see flrplan in doc. An investor and like a high return in a very desirable location close to Freeway and close access to shopping, here it is. Seller offering a 5K buyer bonus because property is in need of remodeling/ updating. 3 units(2 currently rented out). Tenants are aware of the property being sold and willing to work with remodel. You can drive by and even walk out front. This is a old build and buyer will need to fix/update items around complex(all one story). This is being sold as is for 50K below market because of needing fixed up. Do not come in with any lower offers. Once we have a offer(contingent on seeing inside units) we will show to buyer. This is an amazing value and with a remodel or update you can raise rents. Hurry!!!
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $220,000
Sold Price: $220,000
Status: Closed
List Date: 2020-03-05
Location, Tax & Legal
Assessor's Map #: 29
Legal Description (Abbrev): SUNSET ACRES MCR 13-3 TH PT LOT 25 DAF COM NW COR SD LOT 25 TH S 50F TH E 25F TO TPOB TH CONT E 11
Assessor's Parcel #: 34
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111501
Taxes: 1244
Legal: SUNSET ACRES MCR 13-3 TH PT LOT 25 DAF COM NW COR SD LOT 25 TH S 50F TH E 25F TO TPOB TH CONT E 11
Marketing Name: Phoenix
Map Code/Grid: P35
House Number: 1913
Compass: N
Street Name: 25TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 3566
County Code: Maricopa
Subdivision: SUNSET ACRES
Assessor Number: 120-29-034
Tax Year: 2019
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 115' by 50'
Total # of Units: 3
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1945
Zoning: R-3
Legal Info
Range: 3E
Section: 35
Township: 2N
Lot Number: 25
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 3600
Annual Gas Exp: 415
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1794
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 7053
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 24960
Total Monthly Rental Income: 2080
Pmt & Rate Info
Cap Rate: 8.99
Down Payment: 0
Equity: 200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
Other: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Evaporative Cooling: 1
Electric: 1
Window/Wall Unit: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
Curb(s) & Gutter(s): 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Cable TV: 1
Appliances Included
Dishwasher: 1
Microwave: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Free: 1
On Street: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Add'l Parking Avail: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Electric: 1
Gas: 1
Trash Collection: 1
New Financing
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 693
Avg SqFt: 456
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: McDowell and 24th street
Directions: McDowell East to 25th place then go north to property.
Geo Lat: 33.46902
Geo Lon: -112.026363
Status Change Info
Off Market Date: 2020-03-06
Under Contract Date: 2020-03-06
Close of Escrow Date: 2020-03-24
Sold Price: $220,000
Income Expenses
Gross Annual Sch Inc: 24960
Net Operating Income: 17980
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: Other; See Remarks
Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Separate Storage
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Dishwasher; Microwave; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Window/Wall Unit; Evaporative Cooling
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Garage; On Street; 1 Space/Unit; >1 Space Per Unit; Add'l Parking Avail; Free
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Environmental: None
Floorplan 
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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