$1,000,000
Phoenix, AZ 85031
MLS# 4568340
Status: Closed
1 / 20
Property Description
Great frontage along heavily traveled 51st Ave. Commericial C-1 Zoning (90%), Multi-family Residential R-5 (10%). 13,720s.f. of buildings on 1.73 Ac. Church building, 4,704s.f., with seating for 250+/-, parking for 100+/-. Eduation Building of 4,116s.f. Fellowship/Dining Hall building of 4,900 s.f. (Remodeling in the Fellowship/Dining Hall was done without permits and is not up to code structurally; it is currently unusable). Property conveys in as-is condition. Shown by appointment to prequalified buyers.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2011-04-13
Location, Tax & Legal
Assessor's Map #: 44
Assessor's Parcel #: 2
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 109400
Taxes: 0
Legal: FR NE COR SEC S 195' TO POB TH S 418.59' W178.84' NW ALG CURVE 26
Marketing Name: GK Investments, LLC
Map Code/Grid: P32
House Number: 4842
Compass: N
Street Name: 51ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85031
Zip4: 1207
County Code: Maricopa
Assessor Number: 144-44-002-B
Tax Year: 2010
General Property Description
Type of Property: Commercial/Religious
Ttl Apx SqFt Bldg: 13750
# of Buildings: 3
Uncvrd Parking Spcs: 100
Lot Size Dimensions: Irregular
Year Built: 1973
Zoning: C-1/R-5
Legal Info
Range: 2E
Section: 20
Township: 2N
Lot Number: -
Construction
Block: 1
Stucco: 1
Roofing
Composition: 1
Rolled: 1
Other: 1
Floors
Concrete: 1
Ceramic Tile: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 1
Annual Gas Exp: 1
Annual Ins Exp: 1
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 4
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Other (See Remarks): 1
Business Type
Religious Facility: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 1250000
Equity: 1250000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8 Feet or Less: 1
16.1 Feet to 28 Feet: 1
Heating
Electric: 1
Natural Gas: 1
2 or More Units: 1
Cooling
Central Air: 1
Heat Pump: 1
Loading Facilities
None: 1
Interior
Finished: 1
Unfinished: 1
Private Restrooms: 1
Roads/Streets
Asphalt: 1
Curb(s) & Gutter(s): 1
Exterior
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Block: 1
Chain Link: 1
Water Source
City Franchise: 1
Amenities
Raised Floor: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Owner May Carry: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Ln Type
Not Applicable: 1
Existing 1st Ln Trms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Ln Type
Not Applicable: 1
Existing 2nd Ln Trms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Existing Easement(s): 1
Existing 3rd Ln Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Ln Trms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Carryback
Loan Years: 15
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 51st Ave & Camelback Rd
Directions: Approx 1 block south of Camelback on west side of street.
Geo Lat: 33.508425
Geo Lon: -112.169348
Status Change Info
Off Market Date: 2011-06-26
Under Contract Date: 2011-06-24
Close of Escrow Date: 2011-07-28
Sold Price: $1,000,000
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Religious Facility
Stories: 1 Story
Construction: Block; Stucco
Roofing: Composition; Rolled; Other
Floors: Concrete; Ceramic Tile; Carpet
Ceiling Height: 8 Feet or Less; 16.1 Feet to 28 Feet
Heating: Natural Gas; 2 or More Units
Cooling: Central Air; Heat Pump
Loading Facilities: None
Interior: Finished; Unfinished; Private Restrooms
Exterior: Monument Sign
Fencing: Block; Chain Link
Amenities: Raised Floor
Parking Features: Private; Paved
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Owner May Carry
Source of Fincl Data: 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: Unknown
Use Restrictions: Existing Easement(s)
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: May - 23 - 2020
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