$2,250,000
Phoenix, AZ 85051
MLS# 6650029
1 / 7
Property Description
Total 15 units of townhomes all 2 bedrooms/1.5bathroom in a community of total 99 units of Dunlap Condominiums, large 1108sqft for each unit, all units rented, each unit with Washer/Dryer, individual water heater and HVAC, Tenant pay for electricity. Average rent $1200 to 1500 for each unit in this community. HOA fee $300 each covering insurance, common area maintenance, and water, sewer, trash.
Details
Maps
Contract Info
Current Price: $2,250,000
List Price: $2,250,000
Status: Active
List Date: 2024-01-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 3524
Compass: W
Street Name: DUNLAP
St Suffix: Avenue
Unit #: 105
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 5321
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 113 DUNLAP CONDOMINUMS MCR 055446
Subdivision: DUNLAP CONDOMINUMS
Assessor's Map #: 39
Assessor's Parcel #: 471
Add'l Parcels: Yes
Assessor Number: 149-39-471
Legal: DUNLAP CONDOMINUMS MCR 055446
Census Tract: 104206
Tax Municipality: Phoenix
Taxes: 8640
Tax Year: 2023
Marketing Name: Dunlap Condominiums
General Property Description
Lot Size Dimensions: 700sqft
Year Built: 1974
Uncvrd Parking Spcs: 10
Total # of Units: 15
# of Buildings: 10
Zoning: residential
Flood Zone: No
Elementary School: Cactus Wren Elementary School
Jr. High School: Cholla Middle School
High School: Cortez High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 35th Ave and Dunlap
Directions: Behind the car wash
Geo Lat: 33.567987
Geo Lon: -112.135928
Status Change Info
Status Change Date: 2024-04-10
Legal Info
Township: 3N
Range: 2E
Section: 27
Lot Number: 131
Income & Expenses
Annual Elec Exp: 1000
Annual Ins Exp: 4000
Annual Maint Exp: 10000
Annual Mgmt Exp: 10000
Owner Association: Yes
Annual Ownr Asoc Fee: 54000
Operating Exp: 87640
Gross Annual Sch Inc: 252000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 239400
Net Operating Income: 151760
Pmt & Rate Info
Cap Rate: 6.74
Down Payment %: 500000
Monthly Payments: 12500
Equity: 2250000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 20
Avg Rent: 1350
Avg SqFt: 1108
# Baths: 15
Contact Info
List Agent Home Phn: 480-248-4618
Property Features
Project Type: 51 - 99 Units
Construction: Block; Frame - Wood
Const - Finish: Stucco
Roofing: Foam
Floors: Vinyl; Ceramic Tile
Sale Includes: Laundry Equipment
Payment Includes: Interest
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Interior Amenities: Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Washer/Dryer
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Carport; 1 Space/Unit; Add'l Parking Avail
Roads/Streets: Asphalt
Owner Pays: None
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Mech-box / Combo
Existing 1st Loan: Private
Existing 1st Ln Type: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Lichi Investment, LLC
Last Updated: April - 10 - 2024
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