$1,075,000
Phoenix, AZ 85013
MLS# 6905306
1 / 17
Property Description
Built in 1954 and fully renovated in 2021, Malibu on Maryland is comprised of (2) one-bedroom one-bathroom and (2) two-bedroom one-bathroom floorplans covering an average of ±794 square feet. All units have been renovated with interior upgrades including new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryers.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,075,000
List Price: $1,075,000
Status: Active
List Date: 2025-08-13
Location, Tax & Legal
Assessor's Map #: 31
Assessor's Parcel #: 3
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 2241
Legal: AMBASSADOR ESTATES
Marketing Name: Malibu on Maryland
House Number: 521
Compass: W
Street Name: Maryland
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
County Code: Maricopa
Assessor Number: 161-31-003
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 12239 SF
Total # of Units: 4
Year Built: 1954
Zoning: R-3
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 6040
Annual Ins Exp: 1674
Annual Landscape Exp: 2400
Annual Legal & Acctg: 800
Annual Maint Exp: 3600
Annual Mgmt Exp: 4691
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 400
Operating Exp: 21846
Other Income: 8855
Vacancy Allowance: 0.05
Adjusted Gross Inc: 74276.7
Pmt & Rate Info
Cap Rate: 4.6
Equity: 1200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Electric Oven: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 897
Avg SqFt: 700
# Baths: 2
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1812
Avg SqFt: 887
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.530834
Geo Lon: -112.08134
Legal Info
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 69331
Net Operating Income: 55228
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Electric Oven
Cooling: Electric
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
New Financing: Cash; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Marcus & Millichap
Last Updated: December - 16 - 2025
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