NOT LISTED FOR SALE
2 Beds
1 Bath
850 Sq Ft
1974 Built

Last Sold October 28, 2014

Last sale price $140,000 $165 Per Sq Ft

5 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Andersen Elementary School Rated A-

About This Home

As of October 2014

Attractive duplex, both 2-bedroom, 1-bath units. One unit is rented currently for $781.25/month (includes 1.5% sale tax) to a tenant MTM, but who has been there since 2011. The other unit tenant has been there since 2007 and is also MTM and pays $790.25 ( includes 1.5% sale tax). Building is slump block constructed, and additional insulation was added to both units in 2012. MLS details below and attached pictures reveal property is well maintained and appointed which includes microwave, tile flooring throughout, landscaping, block fencing, etc. Great investment opportunity as priced with a good CAP return rate (based on current rents and expenses). Duplex includes 1407 and 1409 N Pleasant Drive.

Last Agent to Sell the Property

Joe Brekan

Realty Executives Arizona Territory License #BR021694000 Listed on: 09/26/2014

Realty Executives Arizona Territory

Last Buyer's Agent

Stan Hughes

HomeSmart License #SA574688000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $729

Year Built

  • Built in 1974

Home Design

  • Composition Roof
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • John M Andersen Elementary School
  • John M Andersen Jr High Middle School
  • Chandler High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 41
  • Assessor Parcel Number 302-42-046

Community Details

Overview

  • 2 Units
  • Building Dimensions are 9270

Building Details

  • Operating Expense $5,486
  • Gross Income $18,579
  • Net Operating Income $13,093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$729

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Warner & Alma School
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2013
  • Directions: South on Alma School Rd to Knox. Turn east to first left on Pleasant. 1407 and 1409 is first duplex on right.
  • Road Surface Type: Asphalt, Private Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stone, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: On Street, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric, Heat Pump
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 782.0

Schools

  • Elementary School: John M Andersen Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: John M Andersen Jr High School

Lot Info

  • Lot Size: 9270
  • Additional Parcels: No
  • Parcel #: 302-42-046

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 2
  • Annual Gross Income: 18579.0
  • Insurance Expense: 570.0
  • Maintenance Expense: 1402.0
  • Property Net Operating Income: 13093.0
  • Annual Operating Expense: 5485.52

Tax Info

  • Tax Annual Amount: 728.52
  • Tax Book Number: 302.00
  • Tax Lot: 41

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2014 10/28/14 Sold $140,000 0.0% $165 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
09/26/2014 09/26/14 For Sale $140,000 -- $165 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5177245

Arizona Regional Multiple Listing Service (ARMLS)