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    1553 W Mercer Lane

    Phoenix, AZ 85029
    • $599,999
    • STATUS: Active
    • ON SITE: 156 days
    • MLS #: 6030583
    $599,999
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    Description

    Welcome to your future investment! This 4 plex has been beautifully remodeled new paint, new appliances, new flooring, baseboards, New kitchens and bathrooms. The outside futures a nice patio back yard with Balconies to view the mountains!It has a cap rate of 7%! this four plex is 100% occupied, each of the units are rented at 1150 a month. The hoa which takes care of the outside maintenance, community pool and the roofs which is 485 a month.,,this a pure gold mine!

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Everest Team at eXp Realty. Data last updated 2020-07-05T00:11:03.567.
    www.theeverestteam.com/homes/102777236
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    1553 W Mercer Lane Phoenix, AZ 85029

    • Price: $599,999
    • Status: Active
    • MLS #: 6030583
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1984
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    Welcome to your future investment! This 4 plex has been beautifully remodeled new paint, new appliances, new flooring, baseboards, New kitchens and bathrooms. The outside futures a nice patio back yard with Balconies to view the mountains!It has a cap rate of 7%! this four plex is 100% occupied, each of the units are rented at 1150 a month. The hoa which takes care of the outside maintenance, community pool and the roofs which is 485 a month.,,this a pure gold mine!
    Exterior Features

    Construction Frame - MetalFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Desert LandscapingPatio/Balcony Lot Size Dimensions 5164 Parking 1 Space/UnitCarport Roads Gravel Roofing Rolled

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 800 2 Bedroom Units Baths 8 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeMicrowaveRefrigeratorW/D HookupWasher/Dryer Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating CentralElectric Interior Amenities UnfurnishedVertical Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1150.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 55200.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2500.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 1642.00 Annual Ownr Asoc Fee 5550.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2500.00 Community Amenities Pool(S) Cross Street 19th Ave And Peoria Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 55200.00 Hoa YN Yes Net Operating Income 43008.00 New Financing 1031 ExchangeConventionalNo CarryVa Operating Exp 13834.00 Other Income 0.00 Owner Pays SewerWater Project Type Four Plex Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 1642.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 55200.00 Vacancy Allowance 0.00 Water City Franchise Zoning R-3A

    Listing courtesy of My Home Group Real Estate.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Everest Team at eXp Realty. Data last updated 2020-07-05T00:11:03.567.
     
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    The Everest Team at eXp Realty
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    Chandler AZ, 85248