$575,000
Phoenix, AZ 85040
MLS# 6419438
Status: Closed
1 / 41
Property Description
Four on Alicia is all two bedroom one bath units in South Phoenix. Units have some remodeling done with mini split and window a/c units. All tenants are month to month and paying way below market rents at 550-650 range. Market rent in the area are 1,100 to 1350. All units have washer and dryer hook ups. Block construction and desert landscaping. All facts and figures are approximate buyer verify MLS information. Drive by only
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $575,000
Sold Price: $575,000
Status: Closed
List Date: 2022-06-17
Location, Tax & Legal
Assessor's Map #: 35
Assessor's Parcel #: 56
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 0
Taxes: 907
Tax District: 740
Legal: LOT 2 ALICIA 3 MCR 009728
Marketing Name: FOUR AT ALICIA
Map Code/Grid: R35
House Number: 2343
Compass: E
Street Name: Pueblo
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1561
County Code: Maricopa
Subdivision: LOT 2 ALICIA 3 MCR 009728
Assessor Number: 122-35-056
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: IRR
Total # of Units: 4
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School
Jr. High School: Roosevelt Elementary School
High School: South Mountain High School
Year Built: 1961
Zoning: MULTI
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 2000
Annual Mgmt Exp: 2500
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 764
Operating Exp: 11271
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 50160
Total Monthly Rental Income: 4400
Pmt & Rate Info
Cap Rate: 6.48
Down Payment: 0
Equity: 599900
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Window/Wall Unit: 1
Individual: 1
Other: 1
Exterior Amenities
Desert Landscaping: 1
Interior Features
Unfurnished: 1
Other (See Remarks): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Fin Info Sub to Veri: 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
None: 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: 4
Avg Rent: 1100
Avg SqFt: 740
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Avg Rent Single Wide: 0
Avg Rent Double Wide: 0
Avg Rent Ovrnght Spc: 0
Avg Rent RV Spaces: 0
Avg Rent Oversize Sp: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Brodway/24th Street
Directions: north to Pueblo, west to property
Geo Lat: 33.407635
Geo Lon: -112.030201
Status Change Info
Off Market Date: 2022-10-18
Under Contract Date: 2022-09-04
Close of Escrow Date: 2022-10-21
Sold Price: $575,000
Legal Info
Lot Number: 2
Income Expenses
Gross Annual Sch Inc: 52800
Net Operating Income: 38889
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Interior Features: Unfurnished; Other (See Remarks)
Appliances Included: Free-Standing Range
Cooling: Ceiling Fan(s); Window/Wall Unit; Individual; Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street; >1 Space Per Unit; Paved
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; 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: Fin Info Sub to Veri
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; Owner May Carry
Environmental: None
Listing Office: Grace CRE
Last Updated: April - 06 - 2026
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