$1,375,000
Phoenix, AZ 85018
MLS# 6179523
Status: Closed
1 / 42
Property Description
Do not enter the property and disturb tenants
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,375,000
Sold Price: $1,375,000
Status: Closed
List Date: 2021-01-11
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): E2 S2 N2 SW4 SW4 NE4 EX S 100' & EX S 16' RD P/D 4951/537 & EX E 157' .23 AC
Assessor's Parcel #: 33
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110902
Taxes: 1698
Legal: E2 S2 N2 SW4 SW4 NE4 EX S 100' & EX S 16' RD P/D 4951/537 & EX E 157' .23 AC
Marketing Name: Agave 7
Map Code/Grid: P35
House Number: 3438
Compass: N
Street Name: 37TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 5825
County Code: Maricopa
Assessor Number: 127-24-033-C
Tax Year: 2020
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 7
Lot Size Dimensions: 239.84 X 67.03
Total # of Units: 7
High School District: Phoenix Union High School District
Year Built: 1963
Zoning: R-3.
Legal Info
Range: 3E
Section: 25
Township: 2N
Lot Number: c
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 3200
Annual Ins Exp: 1400
Annual Landscape Exp: 1750
Annual Maint Exp: 3500
Annual Mgmt Exp: 5622
Annual Trash Exp: 700
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 1400
Operating Exp: 20270
Other Income: 3036
Vacancy Allowance: 0.02
Adjusted Gross Inc: 99348.48
Pmt & Rate Info
Cap Rate: 5.95
Equity: 1330000
Down Payment %: 20
Monthly Payments: 4165.58
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Patio/Balcony: 1
Security Light(s): 1
Interior Amenities
Unfurnished: 1
Tenant Pays
Electricity: 1
Appliances Included
Built-In Range: 1
Refrigerator: 1
Dishwasher: 1
Microwave: 1
Washer/Dryer: 1
W/D Hookup: 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
No Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1050
Avg SqFt: 480
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1895
Avg SqFt: 1068
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.489111
Geo Lon: -112.002847
Status Change Info
Off Market Date: 2021-01-28
Under Contract Date: 2021-01-28
Close of Escrow Date: 2021-04-05
Sold Price: $1,375,000
Income Expenses
Gross Annual Sch Inc: 98340
Net Operating Income: 79078.48
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Patio/Balcony; Security Light(s)
Interior Amenities: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: No Carry
Environmental: None
Listing Office: CBRE, Inc
Last Updated: June - 24 - 2021
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