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    2516 N 48TH Place

    Phoenix, AZ 85008
    • $700,000
    • STATUS: Active Under Contract
    • ON SITE: 34 days
    • MLS #: 6122572
    Under Contract
    UPDATED: 65 min ago
    $700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    Welcome to Stafford Village Apartments. On this parcel sits 2 duplexes in the convenient neighborhood of Papago Village in Arcadia Lite. The unit mix consist of one 3 bed/2bath, one 2 bed/1 bath and two 1bed/1bath apartments. Property features updated kitchen & bath, laminate OR sealed concrete flooring, all block construction, covered parking, updated windows, stainless steel appliances, washer dryer hook-up and central A/C. Cap Rate on current rent estimated at 5.18%, with rents of $1012 (x2 for 1 beds), $1075 (for the 2 bed), and $1385 (for the 3 bed) per month. ProForma Cap Rate estimated at 6.51%, based on market rents of $1150, (x2), $1400, and $1600, respectively. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only

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    © 2020 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 Maison DeBlanc Real Estate. Data last updated 2020-09-29T12:13:56.157.
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    2516 N 48TH Place Phoenix, AZ 85008

    • Price: $700,000
    • Status: Active Under Contract
    • Updated: 65 min ago
    • MLS #: 6122572
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1959
    Built
    Neighborhood:
    Stafford Village 2
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    031 - Balsz Elementary District
    Property Description
    Welcome to Stafford Village Apartments. On this parcel sits 2 duplexes in the convenient neighborhood of Papago Village in Arcadia Lite. The unit mix consist of one 3 bed/2bath, one 2 bed/1 bath and two 1bed/1bath apartments. Property features updated kitchen & bath, laminate OR sealed concrete flooring, all block construction, covered parking, updated windows, stainless steel appliances, washer dryer hook-up and central A/C. Cap Rate on current rent estimated at 5.18%, with rents of $1012 (x2 for 1 beds), $1075 (for the 2 bed), and $1385 (for the 3 bed) per month. ProForma Cap Rate estimated at 6.51%, based on market rents of $1150, (x2), $1400, and $1600, respectively. Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 4.00 Exterior Amenities FencedSeparate Storage Lot Size Dimensions 10782 Parking 1 Space/UnitAssignedCarportPaved ParkingStreet Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 675 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1001 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherF/S Oven/RangeRefrigeratorW/D Hookup Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileConcreteSealedVinyl/Composition Heating Ceiling Fan(S)CentralHeat Pump Interior Amenities Fire/Smoke Alarm(S)Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 1012.50 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1075.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 1385.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 60420.00 Annual Elec Exp 400.00 Annual Gas Exp 0.00 Annual Ins Exp 1600.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 3000.00 Annual Mgmt Exp 3180.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 800.00 Annual Trash Exp 1500.00 Annual Wtr Swr Exp 1500.00 Community Amenities No Pool Cross Street 48th Street & Thomas Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 63600.00 Hoa YN No Net Operating Income 45552.00 New Financing 1031 ExchangeConventionalFhaVa Operating Exp 14868.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type DuplexFour Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Maricopa - County Taxes 1688.00 Tenant Pays Electric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water Master Meter Zoning R-3

    Listing courtesy of Grace Cre.


    © 2020 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 Maison DeBlanc Real Estate. Data last updated 2020-09-29T12:13:56.157.
     
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