$254,000
1741 W DESERT COVE Avenue, 4-6
Phoenix, AZ 85029
MLS# 6072595
Status: Closed



1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029
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1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029 1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029 1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029 1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029 1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029

Property Description
Fully occupied Tri-plex with long standing tenants in place. Very low vacancy. There are two 2 bedroom 1 bath units and one 1 bedroom 1 bath unit, all with private backyards. Units and building in good condition. All units have window AC units installed. Easy access to freeway and shopping. Mountain Views! Current rents are $680 (2/1), $893 (1/1) (higher than both 2 bed units, due to condition and rent subsidized by Sec 8), and $680 (2/1).

Details
Maps
Contract Info
Current Price: $254,000
Sold Price: $254,000
Status: Closed
List Date: 2020-05-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 1741
Compass: W
Street Name: DESERT COVE
St Suffix: Avenue
Unit #: 4-6
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5749
Country: USA
County Code: Maricopa
Legal Description (Abbrev): DESERT COVE EXTENSION MCR 31-34 N 128F OF E2 LOT 6 E2 EX W 60F TH/OF & EX N 10F RD P/D 12937-0616
Subdivision: DESERT COVE EXTENSION LOTS 1-4, 13-20, 29-32
Assessor's Map #: 13
Assessor's Parcel #: 17
Assessor Parcel Ltr: D
Add'l Parcels: No
Assessor Number: 159-13-017-D
Legal: DESERT COVE EXTENSION MCR 31-34 N 128F OF E2 LOT 6 E2 EX W 60F TH/OF & EX N 10F RD P/D 12937-0616
Census Tract: 103615
Tax Municipality: Maricopa - COUNTY
Taxes: 887
Tax Year: 2019
Marketing Name: unk
General Property Description
Lot Size Dimensions: 47422
Year Built: 1950
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: 1
Zoning: R3
Elementary School: Alta Vista Elementary School
High School: Sunnyslope High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 19th ave and Peoria
Directions: North on 19th avenue, Turn East onto Desert Cove, complex is on your right.
Geo Lat: 33.585437
Geo Lon: -112.096954
Status Change Info
Status Change Date: 2020-07-18
Off Market Date: 2020-07-14
Under Contract Date: 2020-06-08
Close of Escrow Date: 2020-07-17
Sold Price: $254,000
Legal Info
Township: 3N
Range: 3E
Section: 19
Lot Number: 6
Income & Expenses
Annual Ins Exp: 948
Annual Maint Exp: 1000
Annual Wtr/Swr Exp: 1608
Owner Association: No
Annual Rplcmnt Rsrvs: 1000
Annual Other Expense: 900
Operating Exp: 6343
Gross Annual Sch Inc: 27036
Vacancy Allowance: 0.05
Adjusted Gross Inc: 25684.2
Net Operating Income: 19341
Pmt & Rate Info
Cap Rate: 7.59
Equity: 254990
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 893
Avg SqFt: 510
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 687
Avg SqFt: 697
# Baths: 1
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Seller Assist - A
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Payment Includes: Principal; Interest; Taxes; Insurance; Mrtg Ins (Incl PMI)
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System
Appliances Included: F/S Oven/Range
Heating: Wall Furnace
Cooling: Window/Wall Unit
Water: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; >1 Space Per Unit
Roads/Streets: Gravel; Dirt; Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: FHA
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: FHA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None

Listing Office: A.Z. & Associates

Last Updated: July - 18 - 2020

1741 W DESERT COVE Avenue, 4-6, Phoenix, AZ 85029 - MLS# 6072595
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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