$2,000,000
Phoenix, AZ 85003
MLS# 6150856
Status: Closed
1 / 35
Property Description
Closed for $2,000,000 or $293/SF or $181,818/unit on 6/30/2021. Buyers obtained four residential loans as this is a four building/lot sale. Location, location, location! In the Roosevelt District across from Margaret T. Hance Park. This offering includes 11 units over 4 buildings. Rents well-below market. Value-Add opportunity in one of the hottest areas in Phoenix, a true ''A'' location. Buyer to complete/rely on own due diligence. Some expenses estimated. Do not bother tenants. Unique opportunity in a top location.
Details
Maps
Contract Info
Current Price: $2,000,000
Sold Price: $2,000,000
Status: Closed
List Date: 2020-10-22
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P34
House Number: 98-82
Compass: W
Street Name: CULVER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1276
County Code: Maricopa
Subdivision: BLOUNT ADDITION
Assessor Number: 111-33-023
Tax Year: 2020
General Property Description
Lot Size Dimensions: T.B.V.
Year Built: 1948
Uncvrd Parking Spcs: 12
Total # of Units: 11
# of Buildings: 4
Zoning: M-H
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: Central Avenue & McDowell
Directions: Roosevelt Historic District, across the street f/ Margaret T. Hance Park. Culver can be accessed from 3rd Ave or Central. 4 buildings-11 units. Note there is a separately owned single-family between.
Geo Lat: 33.462877
Geo Lon: -112.078019
Status Change Info
Off Market Date: 2021-05-02
Under Contract Date: 2021-04-10
Close of Escrow Date: 2021-06-30
Sold Price: $2,000,000
Legal Info
Township: 1N
Range: 3E
Section: 5
Lot Number: 21
Efficiency Units
# Efficiency Units: 1
Avg Rent: 775
Avg SqFt: 458
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 7
Avg Rent: 890
Avg SqFt: 596
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1100
Avg SqFt: 738
# Baths: 1
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 Type: Packaged Offering; Other (See Remarks)
Construction: Brick
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Features: No Pool
Exterior Amenities: Green Landscaping; Desert Landscaping; Other (See Remarks)
Interior Amenities: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Window/Wall Unit(s)
Cooling: Evaporative Cooling
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: None
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
New Financing: Conventional
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: January - 02 - 2024
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