$870,000
Phoenix, AZ 85014
MLS# 6419077
Status: Closed
1 / 36
Property Description
All units recently updated. Exterior painted 2022, roof replaced 2017, new carport roof 2019 & all windows replaced 2017. Unit #1 (1 bed/ 1 bath) AC/heating unit replaced 2017. New flooring installed throughout & kitchen remodeled 2018. Paint & drywall repairs 2022. Unit #2 (2 bed/1bath) New flooring installed throughout, new refrigerator & stove, interior paint & drywall repairs & updates to bathroom 2022. AC/heating unit replaced 2021. Unit #3 (2 bed/1 bath) Flooring replaced throughout 2019, A/C/heating replaced 2017, kitchen remodeled & new kitchen appliances 2016, & bathroom remodeled 2016. Common area laundry room added 2015. Units 3 is currently vacant with great income potential. Units 1 & 2 are occupied with month-to-month tenants
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $870,000
Sold Price: $870,000
Status: Closed
List Date: 2022-06-17
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): LOT 6 ROSE LANE MANOR MCR 007433
Assessor's Parcel #: 32
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106502
Taxes: 2356
Legal: LOT 6 ROSE LANE MANOR MCR 007433
Marketing Name: Rose Lane Manor
Map Code/Grid: N34
House Number: 6107
Compass: N
Street Name: 12TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 6707
County Code: Maricopa
Subdivision: ROSE LANE MANOR
Assessor Number: 161-11-032
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 127 x 85
Total # of Units: 3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Rose Lane School
Jr. High School: Madison Meadows School
High School: North High School
Year Built: 1958
Zoning: R-3
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 6
Project Type
Tri-Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Ins Exp: 911
Annual Landscape Exp: 1721
Annual Maint Exp: 670
Annual Wtr/Swr Exp: 2398
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 8056
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 58800
Total Monthly Rental Income: 4900
Pmt & Rate Info
Cap Rate: 6.13
Equity: 959000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Landscaping: 1
New Financing
VA: 1
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 623-640-4189
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 672
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1500
Avg SqFt: 882
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Seller Assist - A
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Remarks Misc
Cross Street: 12th St and Bethany Home
Geo Lat: 33.525976
Geo Lon: -112.054723
Status Change Info
Off Market Date: 2022-08-19
Under Contract Date: 2022-07-08
Close of Escrow Date: 2022-08-22
Sold Price: $870,000
Income Expenses
Gross Annual Sch Inc: 58800
Net Operating Income: 58800
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Ceramic Tile; Carpet; Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Patio/Balcony; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Carport; 1 Space/Unit; Paved
Road Surface Type: Concrete
Owner Pays: Water; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
New Financing: VA; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Supplements
Excellent opportunity for investor or owner to live in one unit & rent out the other two units. Each unit has covered parking spot & storage unit. Excellent location with trendy restaurants, shops, schools & easy access to freeway. Prospective buyers to verify all facts, figures & features.
Listing Office: HomeSmart
Last Updated: December - 16 - 2025
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