$6,500,000
Phoenix, AZ 85015
MLS# 6681967
1 / 44
Property Description
OPPORTUNITY ZONE! CAMELBACK GARDENS IS A FULLY UPGRADED GATED COMMUNITY WITH 26 CONDO MAPPED APARTMENT HOMES. ALL UNITS FULLY UPDATED WITH PREMIUM FINISHES INCLUDING LAMINATE FLOORS, SHAKER CABINETS, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, RECESSED LIGHTING, MODERN BATHROOM VANITIES, SUBWAY TILED SHOWER SURROUNDS, UPDATED CEILING FANS AND LIGHTING FIXTURES. UNITS HAVE PRIVATE WASHER & DRYER. 16 2-STORY, 1225 SQ FT 2 BED 1.5 BATH UNITS AND 10 1-STORY, 1118 SQ FT 2 BED 2 BATH UNITS. COMMUNITY FEATURES A LARGE POOL AND IS CLOSE TO THE LIGHT RAIL FOR EASY ACCESS TO JOBS, SHOPPING, ENTERTAINMENT, DINING AND MORE. A SAVVY INVESTOR CAN PUT UTILITY & TRASH REIMBURSEMENTS IN PLACE AND ALSO LOOK TO CHARGE FOR COVERED PARKING. DRIVE BY ONLY, INTERIOR INSPECTIONS WITH ACCEPTED OFFER.
Details
Maps
Contract Info
Current Price: $6,500,000
List Price: $6,500,000
Status: Active
List Date: 2024-03-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2101
Compass: W
Street Name: Colter
St Suffix: Street
Unit #: 101-126
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Country: USA
County Code: Maricopa
Subdivision: CAMELBACK GARDENS CONDOMINIUMS
Assessor's Map #: 25
Assessor's Parcel #: 110
Add'l Parcels: No
Assessor Number: 153-25-110
Legal: LOT 101-126 CAMELBACK GARDENS CONDOMINIUMS MCR 025619
Tax Municipality: Phoenix
Taxes: 19042
Tax Year: 2023
Marketing Name: Camelback Gardens
General Property Description
Lot Size Dimensions: 268x295
Year Built: 1986
Uncvrd Parking Spcs: 11
Total # of Units: 26
# of Buildings: 6
Zoning: R3
Flood Zone: No
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: I-17 and Bethany Home. Head East on Bethany Home
Directions: to 21st Avenue. South to Colter. Complex is on SW Corner of 21st Ave and Colter.
Geo Lat: 33.512991
Geo Lon: -112.104339
Status Change Info
Status Change Date: 2024-03-25
Legal Info
Lot Number: 101-126
Income & Expenses
Annual Elec Exp: 5400
Annual Ins Exp: 18600
Annual Landscape Exp: 9600
Annual Maint Exp: 12000
Annual Mgmt Exp: 31200
Annual Trash Exp: 9600
Annual Wtr/Swr Exp: 14400
Owner Association: No
Annual Other Expense: 6150
Operating Exp: 125992
Gross Annual Sch Inc: 488611.8
Vacancy Allowance: 0.03
Adjusted Gross Inc: 473953.45
Net Operating Income: 347961.45
Pmt & Rate Info
Cap Rate: 5.35
Equity: 6500000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 26
Avg Rent: 1566
Avg SqFt: 1172
# Baths: 175
Contact Info
List Agent Home Phn: 602-390-8088
Property Features
Project Type: 25 - 50 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Pool Equipment
Community Amenities: Pool
Exterior Amenities: Landscape Wtr System; Fenced; Cable TV Available; Patio/Balcony
Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: Carport; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
New Financing: Cash; No Carry; 1031 Exchange; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: West USA Realty
Last Updated: April - 08 - 2024
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