$1,365,000
Phoenix, AZ 85014
MLS# 6115874
Status: Closed
1 / 12
Property Description
Longview Apartments is a low density, garden style community of nine individual residential units located in a convenient central Phoenix neighborhood. Comprised of a majority one bed one bath units and one three bedroom home, all units have been extensively updated to provide a more current aesthetic. Interior finishes include quartz countertops, stainless steel appliances, hardwood style plank flooring, contemporary fixtures and new paint. The exterior was also refreshed. All units have separate private patios, five of the units have an in suite washer/dryer, and four units share laundry. The property has been recently stabilized and offers proven cash flow. A value add opportunity exists through continued streamlined operations, leveraging lot with improved community amenities.
Details
Maps
Contract Info
Current Price: $1,365,000
Sold Price: $1,365,000
Status: Closed
List Date: 2020-08-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 4422
Compass: N
Street Name: LONGVIEW
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4537
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 12 BLOCK 2 MEADOWBROOK TRACT BLK 1 MCR 000709
Subdivision: MEADOWBROOK TRACT BLK 1
Assessor's Map #: 8
Assessor's Parcel #: 15
Add'l Parcels: No
Assessor Number: 155-08-015
Legal: LOT 12 BLOCK 2 MEADOWBROOK TRACT BLK 1 MCR 000709
Census Tract: 108602
Tax Municipality: Maricopa - COUNTY
Taxes: 2057
Tax Year: 2019
Marketing Name: Longview Apartments
General Property Description
Lot Size Dimensions: .56
Year Built: 1952
Total # of Units: 9
# of Buildings: 5
Zoning: R3
Elementary School District: Osborn Elementary District
Remarks & Misc
Cross Street: 12th St and Indian School
Directions: East on Indian School, North on Longview, property on left hand side
Geo Lat: 33.500639
Geo Lon: -112.054884
Status Change Info
Status Change Date: 2020-12-17
Off Market Date: 2020-10-23
Under Contract Date: 2020-10-13
Close of Escrow Date: 2020-12-16
Sold Price: $1,365,000
Legal Info
Township: 2N
Range: 3E
Section: 21
Block: 2
Lot Number: 12
Income & Expenses
Owner Association: No
Operating Exp: 2057
Pmt & Rate Info
Equity: 1375000
1 Bedroom Units
# 1 Bedroom Units: 8
Avg Rent: 900
Avg SqFt: 500
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1350
Avg SqFt: 1100
# Baths: 1
Sold Info
Loan Type: Conventional
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: F/S Oven/Range; Refrigerator; Microwave
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking: Carport; Street Parking; 1 Space/Unit
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: December - 17 - 2020
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