1305 W MONROE Street, Phoenix, AZ 85007
$899,999
Property Type: Multiple Dwellings Status: Closed
Current Price: $593,000 List Date: 7/07/2022 Last Modified: 9/19/2023
Description
**One-of-a-kind fourplex in Woodland Historic District!** The front home is single-level and includes two units; both two bedroom / one bathroom. The back stacked home includes two units; both one bedroom / one bathroom. All four residences are unique in layout and style, and each feature various updates while maintaining the integrity of their distinctive historic presence. Unit A & B are both currently occupied by long-term tenants, and Unit D & E are vacant and ready for move-in. Unit C is a shared laundry. Additional 1100sf space above front home which could potentially be converted into a 5th unit! Huge potential for rental income increase; see private remarks for full details on improvements as well as income opportunity! **Two units available to view, and Matterport for all four.**
More Information MLS# 6430382
Contract Info
Current Price: $593,000 Sold Price: $593,000 Status: Closed List Date: 2022-07-07 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34 House Number: 1305 Compass: W Street Name: MONROE St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85007 Zip4: 2724 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 2 BLOCK B WOODLAND PLACE MCR 000229 Subdivision: WOODLAND PLACE Assessor's Map #: 3 Assessor's Parcel #: 73 Add'l Parcels: No Assessor Number: 112-03-073 Legal: LOT 2 BLOCK B WOODLAND PLACE MCR 000229 Census Tract: 114301 Tax Municipality: Phoenix Taxes: 2422 Tax Year: 2021 Marketing Name: None
General Property Description
Lot Size Dimensions: 125.47 x 49.95 Year Built: 1926 Total # of Units: 4 # of Buildings: 2 Zoning: R-5 Flood Zone: No Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 15 Avenue & Van Buren Directions: South on 15th Ave from Van Buren, East on Monroe, property is on your right just before 13th Ave. Geo Lat: 33.449903 Geo Lon: -112.08965
Status Change Info
Status Change Date: 2022-10-22 Off Market Date: 2022-10-14 Under Contract Date: 2022-08-02 Close of Escrow Date: 2022-10-21 Sold Price: $593,000
Legal Info
Township: 1N Range: 3E Section: 7 Block: B Lot Number: 2
Income & Expenses
Owner Association: No Operating Exp: 2422 Gross Annual Sch Inc: 53400 Vacancy Allowance: 0.5 Adjusted Gross Inc: 26700 Net Operating Income: 53400
Pmt & Rate Info
Cap Rate: 5.93 Equity: 899999
1 Bedroom Units
# 1 Bedroom Units: 2 Avg Rent: 1100 Avg SqFt: 512 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2 Avg Rent: 1350 Avg SqFt: 665 # Baths: 1
Sold Info
Loan Type: FHA Loan Years: 30 Payment Type: Fixed Closing Cost Split: Seller Assist - A Buyer Concession $/%: $ Seller Concession to Buyer: 15000 Seller Concession $/%: $
Property Features
Project Type: Four Plex Construction: Brick Const - Finish: Painted; Stucco Roofing: Comp Shingle Floors: Concrete; Wood Sale Includes: Other (See Remarks) Community Amenities: No Pool; See Remarks Exterior Amenities: Other (See Remarks) Interior Amenities: Partially Furnished; Drapes Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other (See Remarks) Heating: Heat Pump; 2 or More Units Cooling: Electric; Heat Pump; Individual Water: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas; Master Meter Parking: Street Parking Roads/Streets: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electric; Gas; Trash; Cable TV Source of Fincl Data: Provided by Owner New Financing: Conventional; 1031 Exchange Reports/Disclosures: Seller Prop Disc Stm; Other (See Remarks) Environmental: None
Listing Office: Brokers Hub Realty, LLC
Last Updated: September - 19 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
[email protected]
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