1308 E Vista Avenue, Phoenix, AZ 85020 (MLS# 22203961)

1308 E Vista Avenue, Phoenix, AZ 85020

$1,147,140

Property Type: Multi-Family Square Footage: 2,761 Lot Size (sq. ft.): 108 Status: Closed

Current Price: $1,147,140 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# 22203961

Address Information

Street #: 1308
Direction: E
Street Name: Vista
Suffix: Avenue
State/Province: AZ
Zip Code: 85020
County: Maricopa
Country: USA

Location, Tax & Legal

Tax Code: 160-22-119
Area: Maricopa
Subdivision: Out Of Pima County
Tax Year: 2021
Taxes: 1686.24
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

General Property Information

Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: irr
Lot Acres: 0.27
Lot Sqft: 11560
Lot Size Source: Assessor
Combined SqFt: 2761
Year Built: 1973
Total Parking: 8
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: 108.13

Property Features

Construction: Masonry Stucco Style: Contemporary Roof: Foam Living Areas: Great Room; Off Kitchen Dining Areas: Breakfast Nook Dining Room: None Breakfast: None Kitchen Features: Double Sink; Electric Range; Dishwasher; Disposal; Refrigerator Bathroom Features: Dual Sinks/Hall; Shower & Tub/Hall Laundry: Laundry Closet; Dryer Included; Washer Included Extra Room: Storage Interior Features: Ceiling Fan(s) Floor Covering: Ceramic Tile Window Covering: Stay Window Features: Double Pane Windows 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: Stucco Finish; See Remarks Landscape - Front: Decorative Gravel Landscape - Rear: Decorative Gravel View: Mountain(s) Road Type: Chip/Seal Exterior Feature: None Lot Features: North/South Exposure Neighborhood Features: Sidewalks; Street Lights Terms: Cash; Conventional Submit With Offer: Additional Addendum; Lender Pre-Approval; Proof of Funds Property Disclosures: Addendum; Equipment List; Inventory List; Lead Based Paint; Leases; Seller Prop Disclosure; CC&Rs 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: 2022-07-20
Sold Price/SqFt: 415.48
Lot Sz Sold Prc/SqFt: 99.23
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: Yes
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: Yes
SqFt: 750
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: Carport

Analysis

Cap Rate %: 6.29
Gross Rent Multi: 13.49
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

Insurance: 1227
Maintenance Supplies: 600
Management: 6705
Taxes/Assessments: 1706
Water/Sewer: 2200
Other Expenses: 400
Figures Presented: Proforma
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Gas/Electric: 0
Resident Manager: 0

Kitchen Features

Appliance Color: Stainless
Countertops: Quartz
Microwave: built in
Double Sink: Yes
Electric Range: Yes
Dishwasher: Yes
Disposal: Yes
Refrigerator: Yes

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: no

Subdivision Restrict

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

Submit With Offer

Seller Title Company: Empire Title Agency
Additional Addendum: Yes
Lender Pre-Approval: Yes
Proof of Funds: Yes

Home Protection

Offered: No

Gas

None: Yes

Construction

Masonry Stucco: Yes

Style

Contemporary: Yes

Sewer

Connected: Yes

Roof

Foam: Yes

Water

Public: Yes

Living Areas

Great Room: Yes
Off Kitchen: Yes

Dining Areas

Breakfast Nook: Yes

Fence

See Remarks: Yes
Stucco Finish: Yes

Dining Room

None: Yes

View

Mountain(s): Yes

Breakfast

None: Yes

Road Type

Chip/Seal: Yes

Road Maintenance

City: Yes

Lot Features

North/South Exposure: Yes

Main Cooling

Ceiling Fan(s): Yes
Heat Pump: Yes

Laundry

Laundry Closet: Yes
Dryer Included: Yes
Washer Included: Yes

Neighborhood Features

Sidewalks: Yes
Street Lights: Yes

Main Heating

Heat Pump: Yes

Extra Room

Storage: Yes

Water Heater

Electric: Yes

Association & Fees

HOA: No

Interior Features

Ceiling Fan(s): Yes

Bathroom Features

Dual Sinks/Hall: Yes
Shower & Tub/Hall: Yes

Terms

Cash: Yes
Conventional: Yes

Floor Covering

Ceramic Tile: Yes

Window Covering

Stay: Yes

Accessibility Option

None: Yes

Window Features

Double Pane Windows: Yes

Technology

Cable TV: Yes

Security

Security Lights: Yes

Sold Info

Seller Concessions: 0

Landscape - Front

Decorative Gravel: Yes

Landscape - Rear

Decorative Gravel: Yes

Patio/Deck

Patio: Yes
Paver: Yes

Pool

None: Yes

Property Disclosures

Addendum: Yes
Equipment List: Yes
Inventory List: Yes
Lead Based Paint: Yes
Leases: Yes
Seller Prop Disclosure: Yes
CC&Rs: Yes

Spa

None: Yes

Special Conditions

None: Yes

Exterior Feature

None: Yes

Listing Office: Gerchick Real Estate

Last Updated: December - 16 - 2024

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