1302 E Vista Avenue, Phoenix, AZ 85020
$1,230,000
Property Type:
Multi-Family
Square Footage:
2,761
Lot Size (sq. ft.):
96
Status:
Closed
Current Price:
$1,230,000
List Date:
2/23/2022
Last Modified:
12/16/2024
Description
With the level of remodeling that is underway now and the new rental comps to be in the 1750-1800 range, this is an opportunity to own in the North Central Phoenix corridor. All two bedrooms have everything new. See the list of capital improvements but it is an over-the top remodel. Tours can be arranged through the listing agent. This is still under construction and most of these will go to contract before being finished. Inspections will not start until reno is done. Next door is another one-owns 8 units w/residential financing. Buyer to verify all facts and figures.
More Information MLS# 22203901
Address Information
Country: USA
Street #: 1302
Direction: E
Street Name: Vista
Suffix: Avenue
State/Province: AZ
Zip Code: 85020
County: Maricopa
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2021
Taxes: 1705.52
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: Legal Description supplied by Title to govern
Community: None
Municipality/Zoning: Other - CALL
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 160-22-120
Area: Maricopa
Subdivision: Out Of Pima County
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $1,230,000
Sold Price: $1,230,000
Listing Date: 2022-02-12
Status: Closed
Status Change Info
Off Market Date: 2022-03-31
Sold Price/SqFt: 445.49
Lot Sz Sold Prc/SqFt: 95.27
How Sold: Conventional
Pending Date: 2022-03-30
Sold Date: 2022-07-01
Sold Price: $1,230,000
Showing Information
Directions: 14 Street and Northern
Go south on 14 Street from Northern to Vista Turn East on Vista and the property is on the north side of the street,
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: irr
Lot Acres: 0.3
Total Parking: 7
Lot Sqft: 12910
Lot Size Source: Assessor
Horse Property: No
School District: Other
Elementary School: Other
Middle School: Other
High School: Other
Horse Facilities: No
List Price/SqFt: 452.73
Lot Size Price/SqFt: 96.82
Combined SqFt: 2761
Year Built: 1973
Unit Info
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1700
Electric
Electric Company: APS
Unit 1 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 2
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Income
Vacancy Loss: 2592
Other Income: 1200
Adjusted Gross: 85008
Total Expenses: 12838
Gross Scheduled Rent: 86400
Net Opp Income: 72170
Gas
None: 1
Unit 2 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 1
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Analysis
Gross Rent Multi: 14.47
Vacancy Rate %: 3
Exp/SqFt: 4.65
Exp % of Gross: 15.1
Cap Rate %: 5.87
Construction
Concrete Block: 1
Unit 3 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 1
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 400
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 1227
Maintenance Supplies: 0
Management: 6705
Resident Manager: 0
Taxes/Assessments: 1706
Water/Sewer: 2200
Other Expenses: 600
Style
Contemporary: 1
Sewer
Connected: 1
Unit 4 Information
Monthly Rent: 1700
# Beds: 2
# Full Baths: 2
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport
Roof
Foam: 1
Water
Public: 1
Living Areas
Great Room: 1
Off Kitchen: 1
Dining Areas
Eat-In Kitchen: 1
Fence
See Remarks: 1
Dining Room
None: 1
View
Mountain(s): 1
Breakfast
None: 1
Road Type
Chip/Seal: 1
Kitchen Features
Double Sink: 1
Electric Range: 1
Road Maintenance
City: 1
Lot Features
Corner Lot: 1
Main Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Laundry
Laundry Closet: 1
Dryer Included: 1
Washer Included: 1
Neighborhood Features
Lighted: 1
Paved Street: 1
Main Heating
Heat Pump: 1
Extra Room
None: 1
Water Heater
Electric: 1
Association & Fees
HOA: No
Interior Features
Ceiling Fan(s): 1
Bathroom Features
Dual Sinks/Primary: 1
Shower & Tub/Primary: 1
Terms
Cash: 1
Conventional: 1
Floor Covering
Ceramic Tile: 1
Submit With Offer
Additional Addendum: 1
Income Property Addendum: 1
Lender Pre-Approval: 1
Proof of Funds: 1
Seller Title Company: Empire Title Agency
Window Covering
Stay: 1
Accessibility Option
None: 1
Technology
Cable TV: 1
Security
Security Lights: 1
Sold Info
Est. Closing Date: 2022-07-01
Seller Concessions: 0
Seller Paid Repairs: 0
Landscape - Front
Decorative Gravel: 1
Landscape - Rear
Decorative Gravel: 1
Patio/Deck
Patio: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Pool
None: 1
Property Disclosures
Addendum: 1
Equipment List: 1
Floor Plan: 1
Insurance Claims History Report: 1
Lead Based Paint: 1
Marketing Package Available: 1
Plat Map: 1
CC&Rs: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
Paved: Asphalt
RV Parking
Other: None
Exterior Feature
None: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: Yes
Deed Restrictions: No
Home Protection
Offered: No
Remarks Misc
Geo Lat: 33.546174
Geo Lon: -112.053978
Property Features
Construction: Concrete Block
Style: Contemporary
Roof: Foam
Living Areas: Great Room; Off Kitchen
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Double Sink; Electric Range
Bathroom Features: Dual Sinks/Primary; Shower & Tub/Primary
Laundry: Laundry Closet; Dryer Included; Washer Included
Extra Room: None
Interior Features: Ceiling Fan(s)
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: Cable TV
Main Cooling: Ceiling Fan(s); Heat Pump
Main Heating: Heat Pump
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Security Lights
Pool: None
Spa: None
Fence: See Remarks
Landscape - Front: Decorative Gravel
Landscape - Rear: Decorative Gravel
View: Mountain(s)
Road Type: Chip/Seal
Exterior Feature: None
Lot Features: Corner Lot
Neighborhood Features: Lighted; Paved Street
Terms: Cash; Conventional
Submit With Offer: Additional Addendum; Income Property Addendum; Lender Pre-Approval; Proof of Funds
Property Disclosures: Addendum; Equipment List; Floor Plan; Lead Based Paint; Marketing Package Available; Plat Map; CC&Rs; Insurance Claims History Report
Special Conditions: None
Listing Office: Gerchick Real Estate
Last Updated: December - 16 - 2024
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