$2,575,000
805 N 4th Avenue, 107
Phoenix, AZ 85003
MLS# 6303646
Status: Closed



805 N 4th Avenue, 107, Phoenix, AZ 85003
  1 / 42  
805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003 805 N 4th Avenue, 107, Phoenix, AZ 85003

Property Description
Rare portfolio package of 7 turn-key high-rise residential condos, currently operating as fully furnished rentals (perfect executive furnished rentals, Airbnb's, or Long-Term rentals.) Package-offering includes 7 condo's total, and of the 7 are the two south facing Penthouse units. The Embassy high-Rise located at 805 N 4th Ave, Phoenix, Arizona. Monthly HOA fee includes all utilities, including electricity, gas, internet, water/sewer, community amenities, security, and parking. Residential building that allows rentals. The Embassy is an 11-story high-rise with an array of modern amenities wrapped in historic charm. Close to everything: In the heart of downtown Phoenix's Roosevelt Row Historic District.

Details
Maps
Contract Info
Current Price: $2,575,000
Sold Price: $2,575,000
Status: Closed
List Date: 2021-10-06
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 805
Compass: N
Street Name: 4th
St Suffix: Avenue
Unit #: 107
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: USA
County Code: Maricopa
Subdivision: Embassy Condominiums
Assessor's Map #: 39
Assessor's Parcel #: 330
Add'l Parcels: Yes
Assessor Number: 111-39-330
Legal: THE EMBASSY CONDOMINIUM | 7 UNITS = AN UNDIV 0011.97% INT IN THE COMMON ELEMENTS
Tax Municipality: Phoenix
Taxes: 8250
Tax Year: 2021
Marketing Name: PKG-7 HI-RISE CONDOS!
General Property Description
Lot Size Dimensions: UNDIV 0011.97% INT IN THE COMMON ELEMENTS
Year Built: 1964
Total # of Units: 7
# of Buildings: 1
Zoning: residential
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 4th Ave & Mickinley
Directions: The Embassy Condos is the 11-story mid-century modern high rise on the North-East corner of 4th Ave & McKinley in downtown Phoenix
Geo Lat: 33.457082
Geo Lon: -112.078627
Status Change Info
Status Change Date: 2021-11-28
Off Market Date: 2021-10-21
Under Contract Date: 2021-10-21
Close of Escrow Date: 2021-11-22
Sold Price: $2,575,000
Legal Info
Lot Number: 330
Income & Expenses
Annual Ins Exp: 1600
Annual Legal & Acctg: 1200
Annual Maint Exp: 6000
Annual Mgmt Exp: 33000
Owner Association: Yes
Annual Ownr Asoc Fee: 64430
Annual Rplcmnt Rsrvs: 8000
Operating Exp: 122480
Gross Annual Sch Inc: 29000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 27550
Net Operating Income: 208120
Pmt & Rate Info
Cap Rate: 7.45
Down Payment %: 20
Monthly Payments: 360
Equity: 2795000
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 3500
Avg SqFt: 960
# Baths: 7
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 6000
Avg SqFt: 1390
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units; Other (See Remarks)
Other Type: Packaged Offering; Other (See Remarks)
Construction: Other (See Remarks)
Const - Finish: Painted; Stucco
Roofing: Foam; Other (See Remarks)
Floors: Other
Sale Includes: Personal Property; Laundry Equipment; Other (See Remarks)
Community Amenities: Pool; Clubhouse; Exercise Room; Game/Rec Room; Barbecue; Other; See Remarks
Exterior Amenities: Landscape Wtr System; Green Landscaping; Fenced; Partially Fenced; Cable TV Available; Patio/Balcony; Security Guard; Security Light(s); Guard Gate; Other (See Remarks)
Interior Amenities: Furnished; Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Wet Bar(s); Vertical Blinds; Drapes; Water Softener(s); Elevator(s); Other (See Remarks)
Appliances Included: BI Oven/Range; F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other (See Remarks)
Heating: Other; See Remarks
Cooling: Ceiling Fan(s); Individual; Other; See Remarks
Water: Other; See Remarks
Sewer: Sewer - Public; Other (See Remarks)
Electric: APS; Other (See Remarks)
Gas: SW Gas; Other (See Remarks)
Parking: Carport; >1 Space Per Unit; Auto Door Opener; Add'l Parking Avail; Assigned; Paved Parking
Roads/Streets: Treated; Sidewalk(s)
Owner Pays: Cable TV; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Special: Exclusion(s) See Remarks
Lockbox Type: Supra (ARMLS)
New Financing: Conventional
Reports/Disclosures: Other (See Remarks)
Environmental: None

Listing Office: My Home Group Real Estate

Last Updated: September - 30 - 2022

805 N 4th Avenue, 107, Phoenix, AZ 85003 - MLS# 6303646
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.