$1,515,000
Phoenix, AZ 85014
MLS# 5925682
Status: Closed
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Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,515,000
Sold Price: $1,515,000
Status: Closed
List Date: 2019-05-14
Location, Tax & Legal
Assessor's Map #: 6
Legal Description (Abbrev): LOT 2 MARYLAND PARK MCR 007748
Assessor's Parcel #: 59
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106501
Taxes: 6343
Legal: LOT 2 MARYLAND PARK MCR 007748
Marketing Name: MARYLAND PARK
Map Code/Grid: N34
House Number: 6502
Compass: N
Street Name: 12TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1325
County Code: Maricopa
Subdivision: MARYLAND PARK
Assessor Number: 161-06-059
Tax Year: 2018
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 4
Lot Size Dimensions: irr
Total # of Units: 13
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison Meadows School
Jr. High School: Madison Meadows School
High School: Central High School
Year Built: 1959
Zoning: r4
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 2
Project Type
13 - 24 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 3861
Annual Gas Exp: 675
Annual Ins Exp: 4200
Annual Land Lse Exp: 0
Annual Landscape Exp: 2000
Annual Legal & Acctg: 0
Annual Maint Exp: 7095
Annual Mgmt Exp: 5589
Annual Trash Exp: 2356
Annual Wtr/Swr Exp: 4357
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1982
Operating Exp: 38458
Other Income: 200
Vacancy Allowance: 5
Adjusted Gross Inc: 366176
Pmt & Rate Info
Cap Rate: 3.02
Down Payment: 273000
Equity: 1600000
Down Payment %: 35
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Security Light(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Other: 1
Source of Fincl Data
Owner: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Cash to Loan: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 1
Avg Rent: 320
Avg SqFt: 150
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 510
Avg SqFt: 800
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 650
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 750
Avg SqFt: 950
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 8000
Seller Concession $/%: $
Remarks Misc
Cross Street: 12th Street & Maryland
Geo Lat: 33.531334
Geo Lon: -112.056641
Status Change Info
Off Market Date: 2019-05-14
Under Contract Date: 2019-05-14
Close of Escrow Date: 2019-07-05
Sold Price: $1,515,000
Income Expenses
Gross Annual Sch Inc: 91344
Net Operating Income: 48249
Property Features
Project Type: 13 - 24 Units
Construction: Block; Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Building(s) Only
Community Features: Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony; Security Light(s)
Appliances Included: Refrigerator; Other
Cooling: Individual; Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit
Owner Pays: Water; Gas; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Conventional
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan
Environmental: None
Listing Office: Keller Williams Arizona Realty
Last Updated: July - 01 - 2025
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