2608 W PIERSON Street, Phoenix, AZ 85017
Overview
Description
Supplements: ... (Read more) in a prime university adjacent location. Recent capital improvements include the full replacement of existing sewer lines, providing a significant infrastructure upgrade and reducing future deferred maintenance risk. Investment Highlights: (3 out of the 4 units are extensively remodeled) Fourplex Four 1BR / 1BA units Strong in-place rents: $1,467-$1,590 per unit Sewer lines recently replaced Prime proximity to GCU, parks, retail, and major freeways Professionally managed (Home Inc) Seller Financing Opportunity: Seller is willing to carry $50,000 down and will structure an exact wrap of the existing note at 7.25% interest rate, creating a compelling financing option for qualified buyers. All facts and figures are approximate. Buyer to verify all MLS information and conduct independent due diligence.
Listing Details MLS# 6982836
Location, Tax & Legal
- House Number
- 2608
- Compass
- W
- Street Name
- PIERSON
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85017
- Zip4
- 3681
- County Code
- Maricopa
- Subdivision
- ALTRO TERRACE
- Assessor Number
- 154-04-017-A
- Tax Year
- 1506
- Assessor's Map #
- 4
- Legal Description (Abbrev)
- LOT 17 ALTRO TERRACE MCR 005235
- Assessor's Parcel #
- 17
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Census Tract
- 109001
- Taxes
- 2025
- Legal
- ALTRO TERRACE LOT 17 & W 2.50' OF LOT 18
- Marketing Name
- Four at Pierson
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 62.45 X 131.27
- Year Built
- 1961
- Uncvrd Parking Spcs
- 4
- Total # of Units
- 4
- # of Buildings
- Yes
- Zoning
- R-3
- Elementary School District
- Alhambra Elementary District
- High School District
- Phoenix Union High School District
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 24
- Lot Number
- 17
Income Expenses
- Gross Annual Sch Inc
- 72168
- Net Operating Income
- 52977
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 1488
- Avg SqFt
- 575
- # Baths
- Yes
Project Type
- Tri-Plex
- Yes
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
Income & Expenses
- Annual Elec Exp
- 868
- Annual Gas Exp
- 368
- Annual Ins Exp
- 3000
- Annual Maint Exp
- 2000
- Annual Mgmt Exp
- 4799
- Annual Wtr/Swr Exp
- 2522
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 15582
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 68559.6
Pmt & Rate Info
- Cap Rate
- 6.62
- Equity
- 799900
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
- Heat Pump
- Yes
Tenant Pays
- Electricity
- Yes
- Other (See Remarks)
- Yes
Appliances Included
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Gravel
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- On Street
- Yes
- <1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Electric
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- VA
- Yes
- Conventional
- Yes
- FHA
- Yes
- Owner May Carry
- Yes
- Wraparound
- Yes
Existing 1st Loan
- Conventional
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
