$320,000
1006 E POLK Street
Phoenix, AZ 85006
MLS# 5793888
Status: Closed



1006 E POLK Street, Phoenix, AZ 85006
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1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006 1006 E POLK Street, Phoenix, AZ 85006

Property Description
Value-add opportunity in the Historic Garfield District. Seller financing available with minimum 25% down, 6% interest rate, 30 yr amortization, and a 2 year term for well-qualified buyers. Complex needs work, buyer should drive by before submitting an offer. 7 total units, 4 buildings. Unit mix per seller is four 1 bedrooms, one 2 bedroom, and two Studio units. Rents are well below market. All tenants are on verbal month-to-month leases. R5 zoning, 7500 SF lot. Offering Memorandum available upon request via email. Buyer to complete and rely on own due diligence. No showings until escrow, drive by only.

Details
Maps
Contract Info
Current Price: $320,000
Sold Price: $320,000
Status: Closed
List Date: 2018-07-05
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1006
Compass: E
Street Name: POLK
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 4126
Country: USA
County Code: Maricopa
Legal Description (Abbrev): MT PLEASANT TRACT BLKS 1, 6
Assessor's Map #: 26
Assessor's Parcel #: 17
Add'l Parcels: No
Assessor Number: 116-26-017
Legal: S 75F LOT 1 & 2 BLK 2 MT PLEASANT TRACT MCR 02-09
Census Tract: 113202
Tax Municipality: Phoenix
Taxes: 1332
Tax Year: 2017
Marketing Name: Historic Garfield 7
General Property Description
Lot Size Dimensions: 7500
Year Built: 1920
Uncvrd Parking Spcs: 10
Total # of Units: 7
# of Buildings: 4
Zoning: R5
Elementary School: Garfield School
High School: North High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 11th St & Van Buren
Directions: 7th ST to Polk, east a few blocks. Corner lot.
Geo Lat: 33.453063
Geo Lon: -112.060228
Status Change Info
Status Change Date: 2019-01-15
Off Market Date: 2019-01-02
Under Contract Date: 2018-09-18
Close of Escrow Date: 2019-01-15
Sold Price: $320,000
Legal Info
Block: 2
Lot Number: 1
Income & Expenses
Owner Association: No
Operating Exp: 1332
Pmt & Rate Info
Equity: 410000
Efficiency Units
# Efficiency Units: 2
Avg Rent: 420
Avg SqFt: 450
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 480
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 640
Avg SqFt: 700
# Baths: 1
Sold Info
Loan Type: Cash
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Other Type: Packaged Offering
Construction: Frame - Wood; Brick
Const - Finish: Painted; Stucco
Roofing: Comp Shingle; Built-Up
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced
Interior Amenities: Other (See Remarks)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Natural Gas
Cooling: Evaporative Cooling
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Master Meter; Individual Meter
Gas: SW Gas; Individual Meter
Parking: >1 Space Per Unit; Free; Other (See Remarks)
Roads/Streets: Asphalt
Owner Pays: Water; Electric
Tenant Pays: Water; Sewer; Electric; Gas
Source of Fincl Data: Unknown
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; Seller May Carry; Other (See Remarks)
Reports/Disclosures: None
Environmental: None

Listing Office: Platinum Living Realty

Last Updated: October - 15 - 2020

1006 E POLK Street, Phoenix, AZ 85006 - MLS# 5793888
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