$307,000
5708 N 27 Avenue
Phoenix, AZ 85017
MLS# 5818279
Status: Closed



5708 N 27 Avenue, Phoenix, AZ 85017
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5708 N 27 Avenue, Phoenix, AZ 85017 5708 N 27 Avenue, Phoenix, AZ 85017 5708 N 27 Avenue, Phoenix, AZ 85017 5708 N 27 Avenue, Phoenix, AZ 85017 5708 N 27 Avenue, Phoenix, AZ 85017

Property Description
Unbelievable price per square foot. ASA appraised on August,2017 for $470,000! Asking price is low because property needs cosmetic work in order to be in condition to maximize income. Good opportunity for up swing in price. Leases are month/month, except billboard ($1,300 per year) is longer. Financial information is owner supplied. Document section includes pages from appraisal and diagram of current interior configuration. Listing is for southern portion of whole building-not the part with tile facade. Accurate addressing for property is 5702, 5704, 5706, and 5708 N. 27th Avenue. Source of building and land square footage is appraisal and tax assessor. Give ample time for offer response, multiple parties on title.

Details
Maps
Contract Info
Current Price: $307,000
Sold Price: $307,000
Status: Closed
List Date: 2018-09-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N33
House Number: 5708
Compass: N
Street Name: 27
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 2604
Country: USA
County Code: Maricopa
Subdivision: Cavalier Parkway
Assessor's Map #: 4
Assessor's Parcel #: 8
Add'l Parcels: No
Assessor Number: 153-04-008
Census Tract: 107202
Legal: Lot 9 Cavalier Parkway MCR 004642
Tax Municipality: Phoenix
Tax District: 681300
Taxes: 6782
Tax Year: 2018
General Property Description
Type of Property: RETAIL STRIP CTR
Ttl Apx SqFt Bldg: 6684
# of Buildings: 1
Year Built: 1953
Uncvrd Parking Spcs: 16
Zoning: C-2
Remarks & Misc
Cross Street: MONTEBELLO AND 27TH AVENEUE
Directions: Bethany Home and 27th Ave south to property.
Geo Lat: 33.520632
Geo Lon: -112.117222
Status Change Info
Status Change Date: 2019-07-02
Off Market Date: 2019-05-30
Under Contract Date: 2019-05-30
Close of Escrow Date: 2019-07-01
Sold Price: $307,000
Legal Info
Township: 2N
Range: 2E
Section: 14
Lot Number: 9
Income & Expenses
Annual Ins Exp: 3498
Annual Maint Exp: 540
Owner Association: No
Annual Other Expense: 332
Operating Exp: 11152
Gross Annual Sch Inc: 35462
Vacancy Allowance: 0.05
Adjusted Gross Inc: 33688.9
Net Operating Income: 22621
Pmt & Rate Info
Cap Rate: 6.66
Equity: 339900
Contact Info
List Agent Home Phn: 602-374-2059
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: None
Interior: Private Restrooms
Fencing: Chain Link
Parking: Paved Parking
Electric: SRP; Individual Meter
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Source of Fincl Data: Provided by Owner
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
Traffic Count: 15,001 to 25,000
Reports/Disclosures: None
Environmental: None

Listing Office: HomeSmart

Last Updated: July - 02 - 2019

5708 N 27 Avenue, Phoenix, AZ 85017 - MLS# 5818279
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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