$875,000
Phoenix, AZ 85013
MLS# 5726889
Status: Closed
1 / 43
Property Description
ALSO SEE PARCEL 155-37-097-B. ACTUAL ADDRESSES ARE 4604,4606 & 4610 N. 7TH AVENUE AND 708 W. HAZELWOOD. 7 AVENUE PROPERTY INCLUDES 3 STOREFRONTS. STOREFRONTS COULD BE OPEN OR DEVIDED. A MEASURED 7700 SQUARE FEET. HUGE OUTDOOR AREA USED FOR PARKING, EVENTS, ETC..NOW FULLY LEASED TO TWO FURNITURE BUSINESSES. HAZELWOOD IS A MEASURED 2000 SQUARE FEET WAREHOUSE WITH ROLL UP DOOR. TENANT WAS ALLOWED TO TAKE OUT WEST BLOCK WALL BETWEEN HIS BUILDING AND THIS LEASED BUILDING UNTIL TENANT MOVES AT THE END OF THE LEASE. POPULAR DESTINATION ''MELROSE DISTRICT'' AREA OF PHOENIX JUST A FEW SHORT BLOCKS FROM THE LIGHT RAIL.
Details
Maps
Contract Info
Current Price: $875,000
Sold Price: $875,000
Status: Closed
List Date: 2018-02-22
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P34
House Number: 4610
Compass: N
Street Name: 7TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2703
Country: USA
County Code: Maricopa
Legal Description (Abbrev): BLOCK 1 INCOME ACRES MCR 002502
Subdivision: INCOME ACRES
Assessor's Map #: 37
Assessor's Parcel #: 1
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 155-37-001-A
Census Tract: 108902
Legal: BLOCK 1 INCOME ACRES MCR 002502
Tax Municipality: Phoenix
Tax District: Phx
Taxes: 11099
Tax Year: 2017
General Property Description
Type of Property: Retail Store
Ttl Apx SqFt Bldg: 8991
# of Buildings: 2
Lot Size Dimensions: Irregular/ Call Listing Agent
Year Built: 1976
Uncvrd Parking Spcs: 6
Zoning: C3 & C2
Remarks & Misc
Cross Street: 7TH AVENUE/CAMELBACK
Directions: SOUTH ON 7 AVENUE TO PROPERTY ON WEST SIDE.
Geo Lat: 33.504094
Geo Lon: -112.083076
Status Change Info
Status Change Date: 2019-04-30
Off Market Date: 2019-04-30
Under Contract Date: 2019-02-28
Close of Escrow Date: 2019-04-29
Sold Price: $875,000
Legal Info
Township: 2N
Range: 3E
Section: 19
Lot Number: 1
Bay Info
# of Bays: 3
# of Bay Doors: 3
Income & Expenses
Annual Ins Exp: 3853
Owner Association: No
Operating Exp: 14952
Gross Annual Sch Inc: 90600
Adjusted Gross Inc: 90600
Net Operating Income: 75261
Pmt & Rate Info
Down Payment: 120000
Cap Rate: 7.53
Equity: 999900
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Office; Warehouse; Retail
Stories: 1 Story
Construction: Block; Brick
Roofing: Foam
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump
Cooling: Central A/C; Warehouse Evap; Heat Pump
Loading Facilities: Other (See Remarks)
Interior: Finished; Private Restrooms; Public Restrooms
Exterior: Dual Street Ftg; Storage Yard; Pole Sign
Fencing: Block; Chain Link
Parking: Fenced; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Special: Owner/Agent; Estate Sale
Source of Fincl Data: Provided by Owner; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Traffic Count: Unknown
Reports/Disclosures: None
Use Restrictions: Other (See Remarks)
Environmental: None
Listing Office: Rimsza Realty
Last Updated: April - 30 - 2019
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