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110 S 7TH Street, Buckeye, AZ 85326 (MLS# 6038437)


$1,050,000
110 S 7TH Street
Buckeye, AZ 85326
MLS# 6038437



110 S 7TH Street, Buckeye, AZ 85326
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Property Description
Sensational Investment Opportunity! 7 Rental Units w/6 Units remodeled within past 3 years with new cabinets, counters, flooring, blinds, lighting and plumbing fixtures and appliances! Generous sized bedrooms, ample closets, & upscale baths. NEWER A/C (2013)in all units. All new dual pane windows, stucco, shingle roofs and exterior paint completed in 2018. Nestled on over an acre of land w/plenty of parking & professional landscape for great curb appeal. Rents are below market and have zoning and density to build more units. Easy to show & rent!

Details
Maps
Contract Info
Current Price: $1,050,000
List Price: $1,050,000
List Date: 2020-02-17
Location, Tax & Legal
Map Code/Grid: S24
House Number: 110
Compass: S
Street Name: 7TH
St Suffix: Street
City/Town Code: Buckeye
State/Province: AZ
Zip Code: 85326
Zip4: 2921
Country: USA
County Code: Maricopa
Subdivision: DEROSIER PLACE
Assessor Number: 400-25-001
Taxes: 2429
Marketing Name: Derosier Place
General Property Description
Apx Lot Size Range: 112 X 480
Year Built: 1984
Zoning: MR
Elementary School: Buckeye Elementary School
Jr. High School: Buckeye Primary
High School: Buckeye Union High School
Elem School Dist #: 033 - Buckeye Elementary District
High School Dist #: 201 - Buckeye Union High School District
Remarks & Misc
Directions: South on 7th St to entrance to property.
Geo Lat: 33.369414
Geo Lon: -112.581257
Status Change Info
Status Change Date: 2020-02-17
Status: Active
Legal Info
Township: 1S
Range: 3W
Section: 5
Lot Number: 1
Income & Expenses
Annual Ins Exp: 2611
Annual Maint Exp: 2100
Annual Mgmt Exp: 5350
Annual Trash Exp: 1126
Annual Wtr/Swr Exp: 5400
Owner Association: No
Operating Exp: 19016
Gross Annual Sch Inc: 66900
Other Income: 4200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 67545
Totl Mnth Rntal Inc: 5575
Net Operating Income: 58408
Pmt & Rate Info
Cap Rate: 5.56
1st Payment Freq: None
Equity: 1050000
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 760
Avg SqFt: 855
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 888
Avg SqFt: 951
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl/Composition
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced; RV/Boat Parking; Satellite Dish; Cable TV Available; Patio/Balcony; Separate Storage
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Electric; Individual; Central; Ceiling Fan(s); 2 or More Units
Cooling: Individual; Central A/C; 2 or More Units
Water: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Carport; >1 Space Per Unit; Add'l Parking Avail; RV/Boat Parking; Free
Roads/Streets: Gravel; Dirt; Private Street
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Seller Prop Disc Stm; Boundary Survey Avlb
Environmental: None

Listing Office: HomeSmart

Last Updated: March - 11 - 2020

110 S 7TH Street, Buckeye, AZ 85326 - MLS# 6038437

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Thursday 2nd of April 2020 09:15 AM