13913 N Palm Street

    El Mirage, AZ 85335
    • $1,175,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: 5992715
    UPDATED: 55 min ago
    $1,175,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:
    Area:

    School Ratings & Info

    Description

    3-5 plexes on 3 parcels.This offering of 14 (2 Bd/1 Bath) & 1 (1 Bd/1Bath) units is located in the city of El Mirage. The property is fully occupied with the exception of 1 unit which is currently being utilized as an office/storage for the property..The current owner plans to return it to a rented unit in December.All units fully renovated in past 3-5 years. Easy Desert Landscape makes upkeep a breeze! Plenty of parking for all units!! HUGE UPSIDE! 6.75 cap rate on market/proforma rents. 2 roofs recently replaced. Located in the West Valley between Surprise and Sun City, just off US 60 and the 101.

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    © 2019 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 The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-20T19:11:16.04.
    www.klausteam.com/homes/100015823

    13913 N Palm Street El Mirage, AZ 85335

    • Price: $1,175,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 5992715
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1973
    Built
    Neighborhood:
    El Mirage 3 Tr U, S
    County:
    Maricopa
    Area:
    El Mirage
    School District:
    089 - Dysart Unified District
    Property Description
    3-5 plexes on 3 parcels.This offering of 14 (2 Bd/1 Bath) & 1 (1 Bd/1Bath) units is located in the city of El Mirage. The property is fully occupied with the exception of 1 unit which is currently being utilized as an office/storage for the property..The current owner plans to return it to a rented unit in December.All units fully renovated in past 3-5 years. Easy Desert Landscape makes upkeep a breeze! Plenty of parking for all units!! HUGE UPSIDE! 6.75 cap rate on market/proforma rents. 2 roofs recently replaced. Located in the West Valley between Surprise and Sun City, just off US 60 and the 101.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially FencedCable Tv Available Lot Size Dimensions 25200 Parking >1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp ShingleMetal Total Parking Spaces 5.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 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 F/S Oven/RangeRefrigerator Cooling EvaporativeWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating Window/Wall Unit(S) Interior Amenities UnfurnishedFire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 500.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 599.00 2 Bedroom Units 14 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 94506.00 Annual Elec Exp 480.00 Annual Gas Exp 0.00 Annual Ins Exp 7013.26 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 7500.00 Annual Mgmt Exp 7560.00 Annual Other Expense 2320.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1000.00 Annual Wtr Swr Exp 9860.00 Community Amenities No Pool Cross Street Thunderbird & North Palm St Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 99480.00 Hoa YN No Net Operating Income 57972.74 New Financing Conventional Operating Exp 36517.26 Other Income 0.00 Other Type Packaged Offering Owner Pays WaterSewerTrash Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality El Mirage Taxes 784.00 Tenant Pays ElectricCable Tv Vacancy Allowance 0.05 Water City Franchise Zoning Mu

    Listing courtesy of S. J. Fowler Real Estate Inc..


    © 2019 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 The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-20T19:11:16.04.
     
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