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4425 N 53RD Lane, Phoenix, AZ 85031 (MLS# 5860515)


$314,000
4425 N 53RD Lane
Phoenix, AZ 85031
MLS# 5860515
Status: Pending



4425 N 53RD Lane, Phoenix, AZ 85031
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Property Description
GPCI Multifamily is pleased to offer for sale the 53rd Lane fourplex in Phoenix. This property is fully occupied and features a great mix of 3-bedroom and 2-bedroom units. Units are extremely spacious with an average of 1,080 sq feet! There is room for rent upside as leases expire. Each apartment has a separate enclosed garage and separate washer/dryer hookup. The 3-bedroom unit even has a 2-car garage! In addition, the lower units have private yards and the upper unit has a private balcony. This makes it very attractive for families, especially those with pets - add pet rent for extra income. It is conveniently located close to schools, parks, shopping, and employment. The Maryvale Hospital Complex is only two blocks away.

Details
Maps
Documents
Contract Info
Current Price: $314,000
List Price: $314,000
Location, Tax & Legal
Map Code/Grid: P32
House Number: 4425
Compass: N
Street Name: 53RD
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85031
Zip4: 1931
Country: USA
County Code: Maricopa
Subdivision: PARKWAY VILLAGE
Assessor's Book #: 144.00
Assessor Number: 144-44-061
Taxes: 2018
Marketing Name: 53rd Lane Fourplex
General Property Description
Apx Lot Size Range: .28
Year Built: 1973
Total Parking Spcs: 6
Zoning: R4
Elem School Dist #: 210 - Phoenix Union High School District
High School Dist #: 083 - Cartwright Elementary District
Remarks & Misc
Geo Lat: 33.501029
Geo Lon: -112.173762
Status Change Info
Status Change Date: 2019-03-18
Off Market Date: 2019-03-18
Under Contract Date: 2019-03-06
Status: Pending
Legal Info
Township: 2N
Range: 2E
Section: 20
Lot Number: 15
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 3540
Operating Exp: 5558
Pmt & Rate Info
Equity: 319000
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 607
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 995
# Baths: 2
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Partial Tile
Floors: Vinyl/Composition; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Land & Building
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking: Garage; >1 Space Per Unit; Attached
Roads/Streets: Asphalt/Blacktop
Owner Pays: Water
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner; Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Supplements
Walmart is only 0.4 miles away. All units are individually metered (electric and gas). The HOA covers trash and landscaping. All have tile floors throughout. This property is a high-return addition to your income portfolio!

Listing Office: GPCI AZ

Last Updated: March - 18 - 2019

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Tuesday 26th of March 2019 07:13 AM