365 N ALMA SCHOOL Road B, Chandler, AZ 85224
$345,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $345,000 Last Modified: 9/03/2017
Description
100 % occupied. Long term seller retiring. All rents $100+ a month or so below market. Seller's loss is your gain. Sold day one on brokers website. This listing added to MLS for COMPARISON purposes only.
This offering was sold significantly higher than the closed sale price. Seller decided not to carry the note and this would have sold close to list price as verified by the backup offers. Similar units adjacent to this offering were leased $100 a month higher. All facts and figures believed to be correct but buyer to verify ALL during DD period.
More Information MLS# 5655489
Contract Info
Ownership: Fee Simple Current Price: $345,000 Sold Price: $345,000 Status: Closed List Date: 2017-08-25
Location, Tax & Legal
Unit #: B Assessor's Map #: 52 Legal Description (Abbrev): LOT 1 OWNERS PLAT MCR 007941 Assessor's Parcel #: 4 Assessor Parcel Ltr: B Add'l Parcels: No Tax Municipality: Chandler Census Tract: 523002 Taxes: 1061 Legal: LOT 1 OWNERS PLAT MCR 007941 Marketing Name: Chandler Fabulous FourPle Map Code/Grid: T38 House Number: 365 Compass: N Street Name: ALMA SCHOOL St Suffix: Road City/Town Code: Chandler State/Province: AZ Zip Code: 85224 Zip4: 4378 County Code: Maricopa Subdivision: OWNERS PLAT Assessor Number: 302-52-004-B Tax Year: 2016
General Property Description
# of Buildings: 2 Uncvrd Parking Spcs: 5 Lot Size Dimensions: 10533 Total # of Units: 4 Elementary School District: Chandler Unified District High School District: Chandler Unified District Year Built: 1963 Zoning: Multi
Legal Info
Range: 5E Section: 28 Township: 1S Lot Number: 1
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1 Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 305.04 Annual Gas Exp: 0 Annual Ins Exp: 1660 Annual Land Lse Exp: 0 Annual Landscape Exp: 390 Annual Legal & Acctg: 0 Annual Maint Exp: 1439.74 Annual Mgmt Exp: 3500 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 1698.72 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 10054.5 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 27576.6
Pmt & Rate Info
Cap Rate: 0.46 Down Payment: 0 Equity: 3950000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Community Features
No Pool: 1
Heating
Heat Pump: 1 Electric: 1 Central: 1
Cooling
Ceiling Fan(s): 1 Electric: 1 2 or More Units: 1
Tenant Pays
Gas: 1 Electricity: 1 Cable TV: 1
Appliances Included
Refrigerator: 1 Free-Standing Range: 1
Road Surface Type
Asphalt: 1 Concrete: 1
Source of Fincl Data
Owner: 1 Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1 On Street: 1 <1 Space Per Unit: 1 Paved: 1 Add'l Parking Avail: 1
Electric
SRP: 1 Individual Meter: 1
Gas
SW Gas: 1 Submetered System: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1
New Financing
No Carry: 1 Owner May Carry: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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
Contact Info
List Agent Home Phn: 602-265-6617
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4 Avg Rent: 625 Avg SqFt: 800 # Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional 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: Alma School & Erie Directions: Just north of Chandler and South of Erie Geo Lat: 33.309033 Geo Lon: -111.85882
Status Change Info
Off Market Date: 2017-09-02 Under Contract Date: 2017-08-25 Close of Escrow Date: 2017-09-01 Sold Price: $345,000
Income Expenses
Gross Annual Sch Inc: 29028 Net Operating Income: 18222.1
Property Features
Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Central; Heat Pump Cooling: Ceiling Fan(s); Electric; 2 or More Units Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas; Submetered System Parking Features: Carport; On Street; <1 Space Per Unit; Add'l Parking Avail; Paved Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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: No Carry; Owner May Carry Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: September - 03 - 2017
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