$1,213,000
4120 N 25TH Street
Phoenix, AZ 85016
MLS# 6305512
Status: Closed



4120 N 25TH Street, Phoenix, AZ 85016
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Property Description
Madison at Biltmore is a Fourplex in the Biltmore that is fully renovated with all 2 bed / 1 bath units that are roughly 800SF each. The property features a brand new roof, modern kitchens, flooring bathrooms, washer & dryer in each unit, large private patios for each unit. Ample parking while being in the heart of the Biltmore and Camelback East Corridor. Minutes from Phoenix Sky Harbor International Airport & luxury shopping & entertainment options.

Details
Maps
Contract Info
Current Price: $1,213,000
Sold Price: $1,213,000
Status: Closed
List Date: 2021-10-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 4120
Compass: N
Street Name: 25TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PALM ACRES MCR 18/05 E 117.49F LOT 8 DAF COM SE COR SD LOT 8 TH N 4F TO POB TH S 88D 28M W 117.61F T
Subdivision: PALM ACRES
Assessor's Map #: 6
Assessor's Parcel #: 80
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 163-06-080-B
Legal: PALM ACRES MCR 18/05 E 117.49F LOT 8 DAF COM SE COR SD LOT 8 TH N 4F TO POB TH S 88D 28M W 117.61F T
Census Tract: 108400
Tax Municipality: Phoenix
Taxes: 2671
Tax Year: 2021
Marketing Name: Madison at Biltmore
General Property Description
Lot Size Dimensions: 117.96x96.42x117.32x96.40
Year Built: 1964
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 2
Zoning: P-1
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.495727
Geo Lon: -112.028347
Status Change Info
Status Change Date: 2021-12-11
Off Market Date: 2021-11-22
Under Contract Date: 2021-10-19
Close of Escrow Date: 2021-12-10
Sold Price: $1,213,000
Legal Info
Township: 2N
Range: 3E
Section: 23
Lot Number: 8
Income & Expenses
Owner Association: No
Operating Exp: 2671
Gross Annual Sch Inc: 74400
Other Income: 3200
Vacancy Allowance: 0.04
Adjusted Gross Inc: 74496
Net Operating Income: 56583
Pmt & Rate Info
Cap Rate: 4.35
Down Payment %: 35
Monthly Payments: 3724
Equity: 1300000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1600
Avg SqFt: 800
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Building(s) Only
Community Amenities: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Central
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Conventional
Reports/Disclosures: None
Environmental: None

Listing Office: ABI Multifamily

Last Updated: December - 23 - 2021

4120 N 25TH Street, Phoenix, AZ 85016 - MLS# 6305512
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