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    1614 /1608 W Osborn Road

    Phoenix, AZ 85015
    • $1,399,000
    • STATUS: Active Under Contract
    • ON SITE: 161 days
    • MLS #: 6135307
    Under Contract
    UPDATED: 27 min ago
    $1,399,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan . This portfolio sale must be purchased together. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents.All units have private yards. Super close to Phoenix College, near restaurants, and shopping. Please drive by only tenants are unaware of sale do not disturb. All facts and figures are approximate. Buyer verify MLS information.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-03-02T14:13:00.867.
    www.yosthomes.com/homes/110236467
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    1614 /1608 W Osborn Road Phoenix, AZ 85015

    • Price: $1,399,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • MLS #: 6135307
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1952
    Built
    Neighborhood:
    Westwood Terrace
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Encanto School
    Middle School:
    Osborn Middle School
    High School:
    Central High School
    School District:
    008 - Osborn Elementary District
    Property Description
    Welcome to Westwood Terrace Apartments. Centrally located near Encanto Park and schools. These two triplex's recently renovated. Recent updates are new paint, updated ,windows, kitchens and bathrooms, brand new fencing in front, washer and dryers hookups inside the units. Each triplex has it's own parcel of 9,800 lot's each. Also have covered parking for all the units. They can be purchased with residential financing or one commercial loan . This portfolio sale must be purchased together. Current gross rents are below market at 6648 a month ($1,107) each unit, estimated 4.40% cap on current collection. Proforma rents are 8,400 a month ($1,399,) per unit estimated 5.50% cap on proforma rents.All units have private yards. Super close to Phoenix College, near restaurants, and shopping. Please drive by only tenants are unaware of sale do not disturb. All facts and figures are approximate. Buyer verify MLS information.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 6.00 Exterior Amenities Desert LandscapingFencedOther (See Remarks)Pet Restrictions Lot Size Dimensions 19760 Parking 1 Space/UnitCarport Roads Alley Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 926 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDishwasherDisposalRefrigeratorW/D Hookup Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileOther (See Remarks) Heating Ceiling Fan(S)Gas Interior Amenities Fire/Smoke Alarm(S)Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1399.00 2 Bedroom Units 6 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 95760.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2400.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 4000.00 Annual Mgmt Exp 3960.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1500.00 Annual Wtr Swr Exp 2340.00 Community Amenities No Pool Cross Street 16th Ave & Osborn Rd. Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 100800.00 Hoa YN No Net Operating Income 77480.00 New Financing ConventionalFhaVa Operating Exp 18280.00 Other Income 0.00 Owner Pays LandscapingOtherSee RemarksSewerTrash CollectionWater Project Type 5 - 12 UnitsTri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 2880.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 8400.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water Master Meter Zoning R-4

    Listing courtesy of Grace Cre.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-03-02T14:13:00.867.
     
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    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122