1302 E Vista Avenue, Phoenix, AZ 85020 (MLS# 22203901)

1302 E Vista Avenue, Phoenix, AZ 85020

$1,230,000

Property Type: Multi-Family Square Footage: 2,761 Lot Size (sq. ft.): 12,910 Status: Closed

Current Price: $1,230,000 List Date: 2/23/2022 Last Modified: 12/16/2024

Overview

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.

Listing Details MLS# 22203901

Address Information

Street #: 1302
Direction: E
Street Name: Vista
Suffix: Avenue
State/Province: AZ
Zip Code: 85020
County: Maricopa
Country: USA

Location, Tax & Legal

Tax Code: 160-22-120
Area: Maricopa
Subdivision: Out Of Pima County

General Property Information

Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: irr
Lot Acres: 0.3
Lot Sqft: 12910
Lot Size Source: Assessor
Combined SqFt: 2761
Year Built: 1973
Total Parking: 7
School District: Other
Elementary School: Other
Middle School: Other
High School: Other
Horse Property: No
Horse Facilities: No
List Price/SqFt: 452.73
Lot Size Price/SqFt: 96.82

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

Contract Information

Method of Title: Fee (Simple)
Distressed Info: None

Status Change Info

Off Market Date: 2022-03-31
Pending Date: 2022-03-30
Sold Date: 2022-07-01
Sold Price/SqFt: 445.49
Lot Sz Sold Prc/SqFt: 95.27
How Sold: Conventional

More Information

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,

Unit Info

# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1700

Unit 1 Information

Monthly Rent: 1700
# Beds: 2
# Full Baths: 2
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport

Unit 2 Information

Monthly Rent: 1700
# Beds: 2
# Full Baths: Yes
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport

Unit 3 Information

Monthly Rent: 1700
# Beds: 2
# Full Baths: Yes
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport

Unit 4 Information

Monthly Rent: 1700
# Beds: 2
# Full Baths: 2
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport

Analysis

Cap Rate %: 5.87
Gross Rent Multi: 14.47
Vacancy Rate %: 3
Exp/SqFt: 4.65
Exp % of Gross: 15.1

Income

Gross Scheduled Rent: 86400
Vacancy Loss: 2592
Other Income: 1200
Adjusted Gross: 85008
Total Expenses: 12838
Net Opp Income: 72170

Expenses

Contract Services: 400
Insurance: 1227
Management: 6705
Taxes/Assessments: 1706
Water/Sewer: 2200
Other Expenses: 600
Figures Presented: Proforma

Electric

Electric Company: APS

Utilities Paid

Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner

Driveway

Paved: Asphalt

RV Parking

Other: None

Subdivision Restrict

Age Restrictions: No
Deed Restrictions: No
CC&Rs: Yes

Submit With Offer

Seller Title Company: Empire Title Agency

Home Protection

Offered: No

Sold Info

Est. Closing Date: 2022-07-01

Listing Office: Gerchick Real Estate

Last Updated: December - 16 - 2024

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.