1540 W Mercer Lane

    Phoenix, AZ 85029
    • $389,900
    • STATUS: Active Under Contract
    • ON SITE: 22 days
    • MLS #: 5985126
    Under Contract
    UPDATED: 98 min ago
    $389,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    Description

    Great investment opportunity!!! All units are 2 bed, 2 bath with fireplace and washer/dryer in each unit! Bottom 2 units have backyards and all 4 have storage rooms in the back of each unit! 8 total parking spaces - 4 covered and 4 uncovered. 3 of 4 units are on active lease. 4th is owner occupied and can quickly be put into lease for at least $850. All units are very clean and easy to rent. Please do NOT disturb tenants. Drive by only. Once under contract access will be arranged for inspection.

    Monthly Payment Calculator



    © 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 Devor Real Estate Associates | My Home Group. Data last updated 2019-10-23T00:11:56.847.
    www.devorandassociates.com/homes/99463046

    1540 W Mercer Lane Phoenix, AZ 85029

    • Price: $389,900
    • Status: Active Under Contract
    • Updated: 98 min ago
    • MLS #: 5985126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1984
    Built
    Neighborhood:
    Muy Felices Casas Lt 1-20 Tr A-G
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    Great investment opportunity!!! All units are 2 bed, 2 bath with fireplace and washer/dryer in each unit! Bottom 2 units have backyards and all 4 have storage rooms in the back of each unit! 8 total parking spaces - 4 covered and 4 uncovered. 3 of 4 units are on active lease. 4th is owner occupied and can quickly be put into lease for at least $850. All units are very clean and easy to rent. Please do NOT disturb tenants. Drive by only. Once under contract access will be arranged for inspection.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Green LandscapingFencedCable Tv AvailablePatio/BalconySeparate Storage Lot Size Dimensions 5180 Parking Paved ParkingCarport>1 Space Per UnitAssigned Roads Asphalt/Blacktop Roofing Built-UpPartial Tile Total Parking Spaces 8.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 807 2 Bedroom Units Baths 2 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/RangeRefrigeratorDishwasherDisposalMicrowaveWasher/Dryer Cooling Electric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Electric Interior Amenities ShuttersFire/Smoke Alarm(S)Mini Blinds

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 877.00 2 Bedroom Units 4 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 42120.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 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 5544.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2300.00 Community Amenities Pool(S) Cross Street Peoria & 19th Avenue Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 42120.00 Hoa YN Yes Net Operating Income 33076.00 New Financing FhaConventional1031 ExchangeVa Operating Exp 10715.00 Other Income 0.00 Owner Pays WaterTrash Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1671.00 Tenant Pays ElectricCable Tv UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning 4 PLEX

    Listing courtesy of Bullseye Property Management, Llc.


    © 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 Devor Real Estate Associates | My Home Group. Data last updated 2019-10-23T00:11:56.847.
     
    Devor Real Estate Associates | My Home Group
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    Glendale AZ, 85305