$1,855,000
2104 E EUGIE Terrace
Phoenix, AZ 85022
MLS# 5990792
Status: Closed



2104 E EUGIE Terrace, Phoenix, AZ 85022
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Property Description
View 21 Apartments is comprised of 14 large two bed/two bath units with new in unit washer/dryers, VIEW 21 offers investors immediate upside by bringing all units to proven market rents. There is further value add through finishing the partially renovated units to better leverage unit mix, location and amenities. Project has covered parking, new roofs and a gated updated pool. Vacant old laundry room next to pool adds further opportunity to provide amenity or added income through storage units. This desirable asset is located in a strong rental demand area with easy access to infrastructure and employment in North Central Phoenix.

Details
Maps
Contract Info
Current Price: $1,855,000
Sold Price: $1,855,000
Status: Closed
List Date: 2019-10-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L35
House Number: 2104
Compass: E
Street Name: EUGIE
St Suffix: Terrace
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 5193
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 4 BLOCK 1 SUN & SAND BLK 6 MCR 005414
Subdivision: SUN & SAND BLK 6
Assessor's Map #: 10
Assessor's Parcel #: 4
Add'l Parcels: No
Assessor Number: 166-10-004
Legal: LOT 4 BLOCK 1 SUN & SAND BLK 6 MCR 005414
Census Tract: 103701
Tax Municipality: Maricopa - COUNTY
Taxes: 6391
Tax Year: 2018
Marketing Name: View 21 Apartments
General Property Description
Lot Size Dimensions: .55
Year Built: 1985
Uncvrd Parking Spcs: 14
Total # of Units: 14
# of Buildings: 2
Zoning: R3
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Remarks & Misc
Cross Street: Cave Creek and Cactus
Directions: Head North to Eugie, then head left (West) to property.
Geo Lat: 33.610493
Geo Lon: -112.037766
Status Change Info
Status Change Date: 2019-12-02
Off Market Date: 2019-10-22
Under Contract Date: 2019-10-15
Close of Escrow Date: 2019-12-02
Sold Price: $1,855,000
Legal Info
Township: 3N
Range: 3E
Section: 15
Block: 1
Lot Number: 4
Income & Expenses
Owner Association: No
Operating Exp: 6391
Pmt & Rate Info
Equity: 1960000
2 Bedroom Units
# 2 Bedroom Units: 14
Avg Rent: 877
Avg SqFt: 950
# Baths: 2
Contact Info
List Agent Home Phn: 602-703-5277
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: %
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: Pool
Exterior Amenities: Desert Landscaping
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: Carport
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Reports/Disclosures: None
Environmental: None

Listing Office: REI Marketing

Last Updated: August - 13 - 2021

2104 E EUGIE Terrace, Phoenix, AZ 85022 - MLS# 5990792
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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