$5,250,000
Phoenix, AZ 85008
MLS# 6651091
Status: Closed
Details
Contract Info
Ownership: Fee Simple
Current Price: $5,250,000
Sold Price: $5,250,000
Status: Closed
List Date: 2024-01-16
Location, Tax & Legal
Assessor's Map #: 20
Assessor's Parcel #: 6
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 13022
Legal: to be provided at title
Marketing Name: Desert Villa
House Number: 1826
Compass: N
Street Name: 51st
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
County Code: Maricopa
Assessor Number: 126-20-006-B
Tax Year: 2023
General Property Description
# of Buildings: 7
Uncvrd Parking Spcs: 23
Lot Size Dimensions: unknown
Total # of Units: 29
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Year Built: 1981
Zoning: R-3
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Slump Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 13022
Other Income: 31053
Vacancy Allowance: 0.12
Adjusted Gross Inc: 488270.64
Pmt & Rate Info
Cap Rate: 6.93
Equity: 5500000
Down Payment %: 1
Monthly Payments: 1
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Barbecue: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Conventional: 1
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 21
Avg Rent: 1450
Avg SqFt: 630
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1650
Avg SqFt: 830
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 25
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: 33.468086
Geo Lon: -111.973091
Status Change Info
Off Market Date: 2024-10-04
Under Contract Date: 2024-06-21
Close of Escrow Date: 2024-09-10
Sold Price: $5,250,000
Legal Info
Lot Number: 4
Income Expenses
Gross Annual Sch Inc: 523800
Net Operating Income: 381067
Property Features
Project Type: 25 - 50 Units
Construction: Wood Frame; Slump Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: Pool; Barbecue; See Remarks
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email
Lockbox Type: None
New Financing: Conventional; Other (See Remarks)
Environmental: None
Listing Office: Munroe Multifamily
Last Updated: October - 05 - 2024
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