1102 E Palm Lane

Phoenix, AZ 85006
  • $510,000
  • STATUS: Closed
  • ON SITE: 31 days
  • MLS #: 5981750
Sold - 10/16/2019
$510,000
SOLD - 10/16/2019
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Fantastic income property in the Coronado historic district. This charming 1925, red brick bungalow triplex includes a single family home (825 SF) on Palm Lane and a duplex (approx 550 SF per unit) on 11th Street on a 10,000 + sq ft lot. The single family home was remodeled in 2012 and features 2 bedrooms, 1 bath, hardwood floors, a gas fireplace, large eat in kitchen, interior interior laundry, off street parking for three cars, and a large private backyard. The remodeled duplex units are each 1 bedroom, 1 bath with hardwood floors, fireplaces, remodeled kitchens, interior laundry, off street parking for one car, and private side yard/patio. All three units have existing tenants providing total monthly income of $2,900. See feature sheet under the documents tab for existing lease terms.

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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 Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2019-10-23T21:11:03.757.
www.thejesseherfelgroup.com/homes/99209310

1102 E Palm Lane Phoenix, AZ 85006

  • Price: $498,000
  • Status: Closed
  • Updated: 31 min ago
  • MLS #: 5981750
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
East Princeton Heights
County:
Maricopa
Area:
Phoenix
Elementary School:
Emerson Elementary School
Middle School:
Phoenix Prep Academy
High School:
North High School
School District:
001 - Phoenix Elementary District
Property Description
Fantastic income property in the Coronado historic district. This charming 1925, red brick bungalow triplex includes a single family home (825 SF) on Palm Lane and a duplex (approx 550 SF per unit) on 11th Street on a 10,000 + sq ft lot. The single family home was remodeled in 2012 and features 2 bedrooms, 1 bath, hardwood floors, a gas fireplace, large eat in kitchen, interior interior laundry, off street parking for three cars, and a large private backyard. The remodeled duplex units are each 1 bedroom, 1 bath with hardwood floors, fireplaces, remodeled kitchens, interior laundry, off street parking for one car, and private side yard/patio. All three units have existing tenants providing total monthly income of $2,900. See feature sheet under the documents tab for existing lease terms.
Exterior Features

Construction Brick Construction Finish Other (See Remarks) Covered Parking Spaces 1.00 Exterior Amenities Landscape Wtr SystemDesert LandscapingFencedCable Tv AvailablePatio/BalconySeparate Storage Lot Size Dimensions 147X64.5 Parking Free1 Space/UnitCarport>1 Space Per UnitAdd'l Parking Avail Roads Asphalt/BlacktopCurb(S) & Gutter(S)Sidewalk(S) Roofing Comp Shingle Total Parking Spaces 5.00

Interior Features

1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 835 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/RangeF/S Oven/RangeRefrigeratorDishwasherDisposalWasher/DryerW/D Hookup Cooling Central A/CElectric RefrigeratdIndividualHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl/CompositionWood Heating 2 Or More UnitsGasHeat PumpCentralCeiling Fan(S) Interior Amenities UnfurnishedFire/Smoke Alarm(S)Mini Blinds

Property Features

1 Bedroom Unit Avg Rent 850.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1200.00 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 34800.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 700.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 900.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 1500.00 Community Amenities No Pool Cross Street Thomas And 12 Street Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 34800.00 Hoa YN No Net Operating Income 29499.00 New Financing FhaConventional Operating Exp 5301.00 Other Income 0.00 Other Type House + Rental Units Owner Pays WaterSewerTrashLandscaping Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 2201.00 Tenant Pays ElectricGasCable Tv Totl Mnth Rntal Inc 2900.00 Vacancy Allowance 0.00 Water City FranchiseIndividual Meter Zoning R1-6

Listing courtesy of Russ Lyon Sotheby's International Realty.


© 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 Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group. Data last updated 2019-10-23T21:11:03.757.
 
Openshaw Real Estate Group in partnership with The Jesse Herfel Real Estate Group
3341 E Queen Creek Rd #109
Gilbert AZ, 85142