$430,000
Phoenix, AZ 85007
MLS# 6076923
Status: Closed
1 / 39
Property Description
Unique dual purpose commercial and residential combinations. Great downtown location, high traffic count and surrounded by residential apartments and homes. 1500 square foot commercial building, 1200 square foot 3 bedroom 2 bathroom single family home, plus bonus vacant lot. 2 parcels included at asking price. Live in the house while you operate and keep an eye on your business, for a great dual purpose opportunity. Situated in the City designated RDA (Redevelopment Area). Zoned C-3. This is a unique property with several possibilities, must see to appreciate. Currently tenant occupied with interim tenant, drive by only.
Details
Maps
Contract Info
Current Price: $430,000
Sold Price: $430,000
Status: Closed
List Date: 2020-05-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1101
Compass: W
Street Name: GRANT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3410
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1 BLOCK 14 IRVINE ADD 17-18, 23-26 MCR 000129
Subdivision: IRVINE ADD 17-18, 23-26
Assessor's Map #: 11
Assessor's Parcel #: 87
Add'l Parcels: Yes
Assessor Number: 112-11-087
Census Tract: 114302
Legal: LOT 1 BLOCK 14 IRVINES ADDITION BLOCKS 17-18 & 23-26 MCR 000129
Tax Municipality: Phoenix
Taxes: 4375
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 3034
# of Buildings: 2
Year Built: 1936
Uncvrd Parking Spcs: 2
Zoning: C-G/Commercial
Remarks & Misc
Cross Street: W Grant and 11th Ave
Directions: SW corner of W Grant and 11th Avenue
Geo Lat: 33.440562
Geo Lon: -112.087137
Status Change Info
Status Change Date: 2021-02-12
Off Market Date: 2021-02-12
Under Contract Date: 2020-12-11
Close of Escrow Date: 2021-02-11
Sold Price: $430,000
Legal Info
Township: 1N
Range: 3E
Section: 7
Lot Number: 1
Income & Expenses
Annual Ins Exp: 1200
Owner Association: No
Gross Annual Sch Inc: 44400
Adjusted Gross Inc: 44400
Net Operating Income: 38825
Pmt & Rate Info
Cap Rate: 6.75
Equity: 575000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Religious Facility; Retail; Bar; Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Comp Shingle; Metal
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s)
Exterior: Corner Lot
Fencing: Chain Link
Parking: Fenced; Free; Public Parking; Private Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Frontage
Showing Notification Methods: Phone Call
Source of Fincl Data: Provided by Owner
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
Roads/Streets: Asphalt; Concrete; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: Not Available
Reports/Disclosures: None
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: February - 12 - 2021
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