1302 E Vista Avenue, Phoenix, AZ 85020

$1,230,000

Property Type: Multi-Family Square Footage: 2,760 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $1,230,000 List Date: 2/21/2022 Last Modified: 7/01/2022

Overview

Description

With the level of remodel that is underway now and the new rental comps to be in the 1600-1700 range, this is an opportunity to own in the North Central Phoenix corridor. All two bedrooms with new everything. 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 finished. Inspections will not start until reno is done. Next door is another one-own 8 units w/residential financing. Buyer to verify all Facts and Figures.

Listing Details MLS# 1045217

ContractAddressLegal

Original List Price: 1250000
Listing Price: 1250000
Street #: 1302
Direction: E
Street Name: Vista
St Suffix: Avenue
City/Township: Phoenix
State: AZ
Zip Code: 85020
County: Maricopa
Tax Parcel: 160-22-120

General Property Description

Lot #: 16
Aprx Acres: 0.3
Total Liveable SqFt: 2760
Source of Measuremnt: County Assessor
Year Built: 1973
Management: Mgmt Company
Gross Vol/Yr $: 86400
NOI $: 70970
Vac Rate %: 3
Cap %: 5.76
HOA Y/N: No
Baths - Full: 4

Tax Info

Taxes: 1706
Tax Year: 2021
Assessments $: 0

Status Change Info

Under Contract Date: 2022-03-30
Sold Date: 2022-07-01
Sold Price/SqFt: 446
Financing: Conventional

Unit 2

Unit ID: 2
# BR: 2
# BA: Yes
SqFt: 750
Tenant Utilities: Electric,Cable
Rent $: 1700

Unit 3

Unit ID: 3
# BR: 2
# BA: Yes
SqFt: 750
Tenant Utilities: Electric Cable
Rent $: 1700

More Information

Unit 4

Unit ID: 4
# BR: 2
# BA: Yes
SqFt: 750
Tenant Utilities: Cable Electric
Rent $: 1700

Contract/Address/Legal

List Price/SqFt: 453
Rent/Lease: No
REO/Short Sale: Not Applicable
Zoning: R-3
Assessor's Book #: 160
Assessor's Map #: 22
Assessor's Parcel #: 120
Legal: Legal Description supplied by Title to Govern

Remarks & Misc

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,
Remarks: With the level of remodel that is underway now and the new rental comps to be in the 1600-1700 range, this is an opportunity to own in the North Central Phoenix corridor. All two bedrooms with new everything. 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 finished. Inspections will not start until reno is done. Next door is another one-own 8 units w/residential financing. Buyer to verify all Facts and Figures.

Building Type

Fourplex: Yes

Construction

Block: Yes
Stucco: Yes

Cooling

Ceiling Fan(s): Yes
Heat Pump: Yes

External Amenities

Fence: Yes
Landscaped: Yes
Patio/Deck/Balcony: Yes

Flooring

Tile: Yes
Other: Yes
See Remarks: Yes

Heating

Heat Pump: Yes

Owner Pays

Sewer: Yes
Trash: Yes
Water: Yes

Possession

Subject to Tenant: Yes

Records Available

Other - See Remarks: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Rolled/Hot Mop: Yes

Terms & Conditions

Conventional: Yes
FHA: Yes
VA: Yes

Utilities Installed

Cable TV: Yes
Electricity: Yes
Individual Meter: Yes
Water - City: Yes

Water Heater

Electric: Yes

Unit 2 Parking

2 Car: Yes
Other - See Remarks: Yes

Unit 2 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Laundry Room: Yes
Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes
Storage Room: Yes
Other - See Remarks: Yes

Unit 3 Parking

2 Car: Yes
Other - See Remarks: Yes

Unit 3 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Laundry Room: Yes
Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes
Storage Room: Yes
Other - See Remarks: Yes

Unit 4 Parking

2 Car: Yes
Other - See Remarks: Yes

Unit 4 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Laundry Room: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Property Features

Building Type: Fourplex Construction: Block; Stucco Cooling: Ceiling Fan(s); Heat Pump External Amenities: Fence; Landscaped; Patio/Deck/Balcony Flooring: Tile; Other; See Remarks Heating: Heat Pump Owner Pays: Sewer; Trash; Water Possession: Subject to Tenant Records Available: Other - See Remarks Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop Utilities Installed: Cable TV; Electricity; Individual Meter; Water - City Water Heater: Electric Unit 2 Parking: 2 Car; Other - See Remarks Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Range/Oven; Refrigerator; Storage Room; Other - See Remarks Unit 3 Parking: 2 Car; Other - See Remarks Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Range/Oven; Refrigerator; Storage Room; Other - See Remarks Unit 4 Parking: 2 Car; Other - See Remarks Unit 4 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Range/Oven; Refrigerator; Other - See Remarks

Listing Office: Gerchick Real Estate

Last Updated: July - 01 - 2022

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