936 W Mountain View Road

    Phoenix, AZ 85021
    • $1,999,000
    • STATUS: Active Under Contract
    • ON SITE: 46 days
    • MLS #: 5984257
    Under Contract
    UPDATED: 3 min ago
    $1,999,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    Description

    16-unit community fully repositioned in 2018 with over $32K per door invested. Fully occupied with blend of Section 8 and non-Section 8. All units are 2bed/1bath 850sf. 4 buildings with 4 units in each building and separate APNs, allowing for residential financing. Lot size allows for value add opportunity by adding two story building for 8 additional units where laundry room currently sits. All units are individually metered for power and water through third party. Onsite coin operated laundry building with office/utility room and bathroom. Playground and BBQ area.

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    © 2019 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 2019-11-13T20:11:06.893.
    www.theeverestteam.com/homes/99412175

    936 W Mountain View Road Phoenix, AZ 85021

    • Price: $1,999,000
    • Status: Active Under Contract
    • Updated: 3 min ago
    • MLS #: 5984257
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1965
    Built
    Neighborhood:
    Ironwood Place Mcr 36-33
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Washington Elementary School - Phoenix
    Middle School:
    Washington Elementary School - Phoenix
    High School:
    Glendale High School
    School District:
    006 - Washington Elementary District
    Property Description
    16-unit community fully repositioned in 2018 with over $32K per door invested. Fully occupied with blend of Section 8 and non-Section 8. All units are 2bed/1bath 850sf. 4 buildings with 4 units in each building and separate APNs, allowing for residential financing. Lot size allows for value add opportunity by adding two story building for 8 additional units where laundry room currently sits. All units are individually metered for power and water through third party. Onsite coin operated laundry building with office/utility room and bathroom. Playground and BBQ area.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially FencedPatio/Balcony Lot Size Dimensions 45613 Parking Street Parking Roads Asphalt/Blacktop Roofing Comp ShingleOther (See Remarks) Total Parking Spaces 25.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 850 2 Bedroom Units Baths 1 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 Bi Oven/RangeRefrigeratorDisposalMicrowave Cooling Central A/C2 Or More Units Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Electric Interior Amenities UnfurnishedFire/Smoke Alarm(S)Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 898.00 2 Bedroom Units 16 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 160892.93 Annual Elec Exp 1000.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1800.00 Annual Legal And Acctg 0.00 Annual Maint Exp 5000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 3000.00 Annual Wtr Swr Exp 3000.00 Community Amenities No PoolManager Res/OfficePlay Area Cross Street Hatcher And 7Th Ave. Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 165869.00 Hoa YN No Net Operating Income 141609.00 New Financing Conventional1031 Exchange Operating Exp 17751.00 Other Income 0.00 Other Type Packaged Offering Owner Pays SewerTrashLandscaping Project Type Four Plex13 - 24 Units Sale Includes Land & BuildingLaundry Equipment Sewer Sewer - Public Source Of Financial Data Provided By OwnerOther (See Remarks) Tax Municipality Phoenix Taxes 3951.00 Tenant Pays WaterElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.03 Water City FranchiseIndividual Meter Zoning Multi Fam

    Listing courtesy of The Brokery.


    © 2019 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 2019-11-13T20:11:06.893.
     
    The Everest Team at eXp Realty
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    Chandler AZ, 85248