1229 S 13th Avenue, Phoenix, AZ 85007 (MLS# 6241063)


$395,000
1229 S 13th Avenue
Phoenix, AZ 85007
MLS# 6241063
Status: Closed



1229 S 13th Avenue, Phoenix, AZ 85007
  1 / 26  
1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007 1229 S 13th Avenue, Phoenix, AZ 85007

Property Description
Professionally managed triplex built in 2018. At 100% occupancy, these Downtown Phoenix units rented within a week with a waiting list. There are three 1 bedroom 1 bath units all with large front porches. Gross rent is $3,000 per month or $36,000 per year. The 3 buildings are individually metered for electric. All units enjoy vaulted ceilings, laminate wood flooring, dual pane windows, ceiling fans, shaker cabinets, rear storage rooms, mini-split heating and cooling, and there are multiple above ground garden beds for the community to use.

Details
Maps
Contract Info
Current Price: $375,000
List Price: $395,000
Status: Closed
List Date: 2021-05-25
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1229
Compass: S
Street Name: 13th
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 4089
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 9 WARD TRACT MCR 001513
Subdivision: WARD TRACT
Assessor's Map #: 2
Assessor's Parcel #: 228
Add'l Parcels: No
Assessor Number: 105-02-228
Legal: LOT 9 WARD TRACT MCR 001513
Census Tract: 114800
Tax Municipality: Phoenix
Taxes: 997
Tax Year: 2020
Marketing Name: The Village on 13th
General Property Description
Lot Size Dimensions: 50 x 135
Year Built: 2018
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
High School: Central High School
Elem School Dist #: 001 - Phoenix Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Cross Street: Buckeye and 13th Avenue
Directions: From I-17 and 7th Avenue North on 7th Avenue, West on Buckeye, South on 13th Avenue to property.
Geo Lat: 33.435628
Geo Lon: -112.088722
Status Change Info
Status Change Date: 2021-09-07
Off Market Date: 2021-09-01
Under Contract Date: 2021-07-30
Close of Escrow Date: 2021-09-07
Sold Price: 375000
Legal Info
Township: 1N
Range: 3E
Section: 18
Lot Number: 9
Income & Expenses
Annual Ins Exp: 1500
Annual Wtr/Swr Exp: 3000
Owner Association: No
Operating Exp: 5497
Gross Annual Sch Inc: 36000
Adjusted Gross Inc: 36000
Totl Mnth Rntal Inc: 3000
Net Operating Income: 30503
Pmt & Rate Info
Cap Rate: 7.18
Equity: 425000
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1000
Avg SqFt: 288
# Baths: 3
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concess $/%: $
Seller Concess $/%: $
Property Features
Project Type: Tri-Plex
Construction: Frame - Wood
Const - Finish: Painted; Siding
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; Patio/Balcony; Separate Storage
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Refrigerator; Microwave
Heating: Electric; Individual; 2 or More Units
Cooling: Ceiling Fan(s); Electric; Individual; 2 or More Units
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking: 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Sewer; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Special: Owner/Agent; Accept Backups (CLO)
Existing 1st Loan: Private
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None

Listing Office: Grayson & Grayson

Last Updated: September - 21 - 2021

1229 S 13th Avenue, Phoenix, AZ 85007 - MLS# 6241063

Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.