10630 N 16TH Avenue, 1-2, Phoenix, AZ 85029
$420,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$420,000
Last Modified:
2/24/2024
Description
2 unit Property, 2 Bedrooms each. Very clean and modernized duplex with full tenant occupancy. Separate parking for each tenant. Quiet neighborhood close to large area park and I-17 freeway access. 1 mile from light rail transportation and close to bus lines.
More Information MLS# 6632781
Contract Info
Ownership: Fee Simple
Current Price: $420,000
Sold Price: $420,000
Status: Closed
List Date: 2023-11-20
Location, Tax & Legal
Unit #: 1-2
Assessor's Map #: 14
Legal Description (Abbrev): LOT 17 DESERT COVE EXTENSION RESUB LOTS 20 & 21 11-20 MCR 007532
Assessor's Parcel #: 63
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103615
Taxes: 884
Legal: LOT 17 DESERT COVE EXTENSION RESUB LOTS 20 & 21 11-20 MCR 007532
Marketing Name: Desert Cove
House Number: 10630
Compass: N
Street Name: 16TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5770
County Code: Maricopa
Subdivision: DESERT COVE EXTENSION RESUB LOTS 20 & 21 11-20
Assessor Number: 159-14-063
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 7783
Flood Zone: TBD
Total # of Units: 2
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Elementary School: Washington Elementary School
Jr. High School: Washington Elementary School - Phoenix
High School: Sundance Elementary - Buckeye
Year Built: 1975
Zoning: R-1-4
Legal Info
Range: 3E
Section: 19
Township: 3N
Lot Number: 17
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Wood: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 650
Annual Legal & Acctg: 0
Annual Mgmt Exp: 1610
Annual Wtr/Swr Exp: 1360
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 0
Operating Exp: 4504
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 27744
Total Monthly Rental Income: 2312
Pmt & Rate Info
Cap Rate: 5.55
Equity: 425000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Central: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
W/D Hookup: 1
Other: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1156
Avg SqFt: 756
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: VA
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 10000
Seller Concession $/%: $
Remarks Misc
Cross Street: Peoria Ave. and 19th Ave.
Directions: N. - on 19th Ave. from Peoria. E- Sahuaro Dr. S- 16th Ave to duplex building on the right side.
Geo Lat: 33.583244
Geo Lon: -112.094775
Status Change Info
Off Market Date: 2024-02-24
Under Contract Date: 2024-01-19
Close of Escrow Date: 2024-02-23
Sold Price: $420,000
Income Expenses
Gross Annual Sch Inc: 27744
Net Operating Income: 23569
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Wood
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup; Other
Heating: Individual; Central
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; >1 Space Per Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; No Carry
Environmental: Other (See Remarks)
Listing Office:
Paramount Management & Realty, LLC
Last Updated: February - 24 - 2024
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