$1,375,000
Phoenix, AZ 85015
MLS# 5985246
Status: Closed
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Property Description
BRAND NEW 2 BEDROOM 2 BATH UNITS IN THE HEART OF PHOENIX. TWO BUILDING 4 UNITS EACH. TOTAL OF 8 UNITS. WALKING DISTANCE TO COSTCO, WALMART, TARGET, DINING AND LIGHT RAIL. UNITS INCLUDE WASHER DRYER, STOVE, RANGE MICROWAVE AND DISHWASHER. REALLY NICE PROPERTY. ALL UNITS ARE LEASED AND WAITING ITS NEW OWNER TO MANAGE.
Details
Maps
Contract Info
Current Price: $1,375,000
Sold Price: $1,375,000
Status: Closed
List Date: 2019-09-30
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 5223
Compass: N
Street Name: 17TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 0006
Country: USA
County Code: Maricopa
Legal Description (Abbrev): N 120F OF TH PT LOTS 5 & 6 BLK 2 NILE TRACT MCR 14-09 DAF BEG SW COR SD LOT 5 TH E TO PT MIDWAY BTWN
Subdivision: NILE TRACT BLK 2
Assessor's Map #: 39
Assessor's Parcel #: 31
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 156-39-031-A
Legal: N 120F OF TH PT LOTS 5 & 6 BLK 2 NILE TRACT MCR 14-09 DAF BEG SW COR SD LOT 5 TH E TO PT MIDWAY BTWN
Census Tract: 107400
Tax Municipality: Maricopa - COUNTY
Taxes: 8633
Tax Year: 2019
Marketing Name: UNKOWN
General Property Description
Lot Size Dimensions: 4074
Year Built: 2016
Uncvrd Parking Spcs: 10
Total # of Units: 8
# of Buildings: 2
Zoning: R3
Elementary School: Solano School
Jr. High School: Osborn Middle School
High School: Washington High School
Elementary School District: Osborn Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 17TH AVE AND COLTER
Directions: CAMELBACK AND 19TH AVE, HEAD NORTH ON 19TH AVE ,EAST ON COLTER, NORTH TO PROPERTY.
Geo Lat: 33.513962
Geo Lon: -112.095259
Status Change Info
Status Change Date: 2020-01-28
Off Market Date: 2019-12-11
Under Contract Date: 2019-10-24
Close of Escrow Date: 2020-01-27
Sold Price: $1,375,000
Legal Info
Township: 2N
Range: 3E
Section: 18
Block: 2
Lot Number: 5
Income & Expenses
Annual Elec Exp: 360
Annual Landscape Exp: 1800
Annual Mgmt Exp: 4800
Annual Wtr/Swr Exp: 3120
Owner Association: No
Operating Exp: 18713
Gross Annual Sch Inc: 115200
Adjusted Gross Inc: 115200
Net Operating Income: 96487
Pmt & Rate Info
Cap Rate: 3.33
Down Payment: 380000
Monthly Payments: 5400
1st Encumbrance: 820000
1st Interest Rate: 4.5
1st Payment Freq: Monthly
Total Owed: 820000
Equity: 2079000
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1200
Avg SqFt: 940
# Baths: 2
Sold Info
Loan Type: Exchange
Loan Years: 6
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: Four Plex; 5 - 12 Units; Other (See Remarks)
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Payment Includes: Principal; Interest; Mrtg Ins (Incl PMI)
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage
Interior Amenities: Unfurnished; Fire Sprinklers; Vertical Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: Street Parking; <1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Parking
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
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
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Colonial Realty, LLC
Last Updated: August - 23 - 2023
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