4815 S 7TH Street

    Phoenix, AZ 85040
    • $569,000
    • STATUS: Active
    • ON SITE: 47 days
    • MLS #: 5969989
    UPDATED: 47 min ago
    $569,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    This is a charming and longstanding Mobile home community! This is a 12 space Mobile home park with an additional brick home. Making a total of 13 rentals. As it sits right now it is a real 8.5 CAP. Space number 7 is vacant with utilities on site ready for another Mobile home and tenant, which would effectively raise the income by 450-500/month conservatively.Right now there are 11 spaces rented with tenant owned homes. 5 at 450, 5 at 400 and 1 at 250/month plus the brick home which has a very long term tenant at 550 which is low! The Brick home has been remodeled, new cabinetry, paint, plumbing, and eves. Owners are installing mailboxes for each unit also. All tenants are paying on time! To our knowledge the Majority of tenants have been in these spaces and homes for 5-15+ years!

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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 REMAX Professionals. Data last updated 2019-10-13T19:10:55.483.
    www.phoenixazpropertysearch.com/homes/98316703

    4815 S 7TH Street Phoenix, AZ 85040

    • Price: $569,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 5969989
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1959
    Built
    Neighborhood:
    Roosevelt Square
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    066 - Roosevelt Elementary District
    Property Description
    This is a charming and longstanding Mobile home community! This is a 12 space Mobile home park with an additional brick home. Making a total of 13 rentals. As it sits right now it is a real 8.5 CAP. Space number 7 is vacant with utilities on site ready for another Mobile home and tenant, which would effectively raise the income by 450-500/month conservatively.Right now there are 11 spaces rented with tenant owned homes. 5 at 450, 5 at 400 and 1 at 250/month plus the brick home which has a very long term tenant at 550 which is low! The Brick home has been remodeled, new cabinetry, paint, plumbing, and eves. Owners are installing mailboxes for each unit also. All tenants are paying on time! To our knowledge the Majority of tenants have been in these spaces and homes for 5-15+ years!
    Exterior Features

    Construction Block Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Landscape Wtr SystemSecurity Light(S) Lot Size Dimensions 0.532 Acres / 23184 Sqft Parking <1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 15.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 840 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 Other (See Remarks) Cooling None Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating None Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 550.00 2 Bedroom Units 1 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 62400.00 Annual Elec Exp 240.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1200.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 1850.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 3575.64 Annual Wtr Swr Exp 5029.51 Community Amenities No Pool Efficiency Unit Avg Rent 409.00 Efficiency Units 11 Electric City Electric Gas None Gross Annual Sch Inc 62400.00 Hoa YN No Mobile Home Park Single Wide Spaces 11 Mobile Home Park Total Number Spaces 11 Net Operating Income 48661.85 New Financing ConventionalOther (See Remarks)No Carry Operating Exp 13738.15 Other Income 0.00 Other Type House + Rental Units Owner Pays WaterSewerTrashLandscaping Project Type Mobile Home Park Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1843.00 Tenant Pays Electric Vacancy Allowance 0.00 Water City Franchise Zoning [M-H]

    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 REMAX Professionals. Data last updated 2019-10-13T19:10:55.483.
     
    REMAX Professionals
    20241 N. 67th Ave Suite A1
    Glendale AZ, 85308