339 N LAUREL Avenue, Phoenix, AZ 85007
$482,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$482,000
Last Modified:
4/22/2025
Description
*Gross Cap Rate of 8.6%*
2 Unit Property With 2 Buildings on 1 Parcel. Front Building Built in 1920 & Renovated in 2024, Casita Built in 2024.
*Attractive Unit Mix That Consists of (1) 2-Bed / 2-Bath Casita, (1) 3-Bed / 2-Bath SFH
Each Unit Features a Fully Upgraded Interior With White or Black Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliance Package, & In-Suite Washer / Dryer in Each Unit. Exterior Upgrades Include New Paint & Stucco, New AC Units, & Private Backyard Areas for Each Unit
Located Just Outside FQ Story Neighborhood Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.
More Information MLS# 6796356
Contract Info
Current Price: $482,000
Sold Price: $482,000
Status: Closed
List Date: 2024-12-20
Ownership: Fee Simple
Location Tax Legal
House Number: 339
Compass: N
Street Name: LAUREL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2469
Country: US
County Code: Maricopa
Subdivision: CAPITOLA PLACE
Assessor Number: 111-26-010
Tax Year: 2024
General Property Description
Lot Size Dimensions: 6,771
Year Built: 1920
Uncvrd Parking Spcs: 4
Total # of Units: 2
# of Buildings: 2
Zoning: R-5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Geo Lat: 33.45283
Geo Lon: -112.092639
Status Change Info
Status Change Date: 2025-04-22
Off Market Date: 2025-04-22
Under Contract Date: 2025-03-10
Close of Escrow Date: 2025-04-21
Sold Price: $482,000
Legal Info
Township: 1N
Range: 3E
Section: 6
Lot Number: 12
Income Expenses
Gross Annual Sch Inc: 48240
Net Operating Income: 35653
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1935
Avg SqFt: 660
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 2085
Avg SqFt: 1250
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession to Buyer: 2.5
Seller Concession $/%: %
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; FHA; Conventional; No Carry
Environmental: None
Listing Office: ABI Multifamily
Last Updated: April - 22 - 2025
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