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

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
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

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
Admin Expenses
0
Capital Expenses
0
Gas/Electric
0
Maintenance Supplies
0
Resident Manager
0

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
Additional Addendum
Yes
Income Property Addendum
Yes
Lender Pre-Approval
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Sold Info

Est. Closing Date
2022-07-01
Seller Concessions
0
Seller Paid Repairs
0

Gas

None
Yes

Construction

Concrete Block
Yes

Style

Contemporary
Yes

Sewer

Connected
Yes

Roof

Foam
Yes

Water

Public
Yes

Living Areas

Great Room
Yes
Off Kitchen
Yes

Dining Areas

Eat-In Kitchen
Yes

Fence

See Remarks
Yes

Dining Room

None
Yes

View

Mountain(s)
Yes

Breakfast

None
Yes

Road Type

Chip/Seal
Yes

Kitchen Features

Double Sink
Yes
Electric Range
Yes

Road Maintenance

City
Yes

Lot Features

Corner Lot
Yes

Main Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes

Laundry

Laundry Closet
Yes
Dryer Included
Yes
Washer Included
Yes

Neighborhood Features

Lighted
Yes
Paved Street
Yes

Main Heating

Heat Pump
Yes

Extra Room

None
Yes

Water Heater

Electric
Yes

Association & Fees

HOA
No

Interior Features

Ceiling Fan(s)
Yes

Bathroom Features

Dual Sinks/Primary
Yes
Shower & Tub/Primary
Yes

Terms

Cash
Yes
Conventional
Yes

Floor Covering

Ceramic Tile
Yes

Window Covering

Stay
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes

Security

Security Lights
Yes

Landscape - Front

Decorative Gravel
Yes

Landscape - Rear

Decorative Gravel
Yes

Patio/Deck

Patio
Yes

Pool

None
Yes

Property Disclosures

Addendum
Yes
Equipment List
Yes
Floor Plan
Yes
Insurance Claims History Report
Yes
Lead Based Paint
Yes
Marketing Package Available
Yes
Plat Map
Yes
CC&Rs
Yes

Spa

None
Yes

Special Conditions

None
Yes

Exterior Feature

None
Yes
IDX
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 2020 MLS of Southern Arizona. All Rights Reserved.
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