$170,000
Phoenix, AZ 85013
MLS# 5357507
Status: Closed
1 / 12
Property Description
Attention Investors!!! Great opportunity to own an income producing multi unit property in the heart of the up and coming Melrose district. Antique shops, cozy coffee shops, hip new stores and restaurants all in walking distance. Current tenants leasing on a month to month basis at below market rents leaving an opportunity for potential rent increase and or owner occupied buyer. Live in one unit, rent the other and live in this great location for next to nothing. The current owner has invested over $35,000 in renovations over the past year including new roof mounted AC units, new windows throughout, interior paint, exterior paint, tile work, cabinetry, etc. Both units have a large fenced private backyard as well as their own laundry room.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $170,000
Sold Price: $170,000
Status: Closed
List Date: 2015-11-02
Location, Tax & Legal
Assessor's Map #: 37
Legal Description (Abbrev): INCOME ACRES W2 S2 OF TR 12
Assessor's Parcel #: 20
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108902
Taxes: 812
Legal: INCOME ACRES W2 S2 OF TR 12
Marketing Name: Income Acres
Map Code/Grid: P34
House Number: 848
Compass: W
Street Name: HAZELWOOD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2661
County Code: Maricopa
Subdivision: INCOME ACRES
Assessor Number: 155-37-020
Tax Year: 2015
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 8775
Total # of Units: 2
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Solano School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 1959
Zoning: R-3
Legal Info
Range: 3E
Section: 19
Township: 2N
Lot Number: 1
Project Type
Duplex: 1
Construction
Slump Block: 1
Const - Finish
Painted: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 450
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 550
Annual Mgmt Exp: 0
Annual Trash Exp: 950
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 3762
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 9.46
Down Payment: 89900
Equity: 179000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 89900
Community Features
No Pool: 1
Heating
Other: 1
See Remarks: 1
Cooling
Evaporative Cooling: 1
Window/Wall Unit: 1
Exterior Amenities
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Partially Fenced: 1
Cable TV Available: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Special
Accept Backups (CLO): 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
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 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: 2
Avg Rent: 700
Avg SqFt: 736
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: FHA
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: 7th Ave & Camelback
Directions: North of Camelback, West on Campbell, North on Hazelwood
Geo Lat: 33.504216
Geo Lon: -112.085057
Status Change Info
Off Market Date: 2016-01-03
Under Contract Date: 2015-12-02
Close of Escrow Date: 2016-01-02
Sold Price: $170,000
Income Expenses
Net Operating Income: 16932
Property Features
Project Type: Duplex
Construction: Slump Block
Const - Finish: Painted
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Partially Fenced; Cable TV Available; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: W/D Hookup
Heating: Other; See Remarks
Cooling: Window/Wall Unit; Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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