$464,500
Phoenix, AZ 85032
MLS# 5834192
Status: Closed
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Property Description
Excellent Investment Opportunity in North Phoenix. 9.5% cap rate on actual income and low basis of $78/sf. Below market rental rates give an investor substantial upside on return. Three tenants on NNN leases. Call for more information!
Details
Maps
Contract Info
Current Price: $464,500
Sold Price: $464,500
Status: Closed
List Date: 2018-10-16
Ownership: Condominium
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: E22
House Number: 2534
Compass: E
Street Name: Greenway
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Country: USA
County Code: Maricopa
Assessor's Map #: 40
Assessor's Parcel #: 498
Add'l Parcels: No
Assessor Number: 214-40-498
Legal: 214-40-498
Tax Municipality: Maricopa - COUNTY
Tax Year: 2018
General Property Description
Type of Property: Investment Property
Ttl Apx SqFt Bldg: 5948
# of Buildings: 3
Year Built: 2003
Uncvrd Parking Spcs: 20
Zoning: C-2
Remarks & Misc
Cross Street: 25th St & Greenway Rd
Directions: 25th St & Greenway just off the 51 freeway.
Geo Lat: 33.62672
Geo Lon: -112.027201
Status Change Info
Status Change Date: 2019-01-24
Off Market Date: 2018-12-05
Under Contract Date: 2018-12-05
Close of Escrow Date: 2019-01-24
Sold Price: $464,500
Income & Expenses
Owner Association: Yes
Net Operating Income: 44457.08
Pmt & Rate Info
Cap Rate: 9.48
Equity: 469000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Distribution/Warehse; Other (See Remarks)
Current Use: Retail PAD; Religious Facility; Medical/Dental; Recreational; Office; Warehouse; Retail; Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Other (See Remarks)
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Fencing: Other; See Remarks
Parking: Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other; See Remarks
Sewer: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
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
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Cutler Commercial
Last Updated: August - 06 - 2021
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