$2,610,000
2336 N 46th Street
Phoenix, AZ 85008
MLS# 6100795
Status: Closed
21 beds  |  21 baths
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Property Description
Sale includes 12 units comprised of (3) buildings/parcels located at 2336, 2342 & 2520 N 46th Street. All buildings must be sold together. An additional fourplex is also available for sale. It is located at 11244 N Saguaro Blvd in Fountain Hills (contact listing agent for more info). The Stills sits in an extremely popular part of Phoenix and features mid-century, block construction. The property is fully remodeled with attractive open space and the units are all very large with (9) 2-bed / 2-bath units (very rare for a vintage property) and (3) 1-bed / 1-bath units. The property was completely updated, top-to-bottom. The Stills features completely updated exteriors with beautifully installed landscaping and lighting. Full interior upgrades were completed with new flooring, fixtu

Details
Contract Info
Current Price: $2,610,000
Sold Price: $2,610,000
Status: Closed
List Date: 2020-07-09
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: P36
House Number: 2336
Compass: N
Street Name: 46th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Country: US
County Code: Maricopa
Assessor Number: 126-08-007
Tax Year: 2019
General Property Description
Lot Size Dimensions: 100x114
Year Built: 1964
Total # of Units: 12
# of Buildings: 3
Zoning: R-3
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1145
Avg SqFt: 757
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 9
Avg Rent: 1362.33
Avg SqFt: 967
# Baths: 2
Structure
Bedrooms Total: 21
Bathrooms Total: 21
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Remarks Misc
Cross Street: 44th Street & Thomas
Directions: East on Thomas, South on 46th Street, properties on West side of 46th Street
Geo Lat: 33.474387
Geo Lon: -111.982859
Status Change Info
Off Market Date: 2020-08-25
Under Contract Date: 2020-07-23
Close of Escrow Date: 2020-09-30
Sold Price: $2,610,000
Legal Info
Lot Number: 5, 6 & 9
Income Expenses
Gross Annual Sch Inc: 205200
Net Operating Income: 154986
Property Features
Project Type: 5 - 12 Units; Other (See Remarks)
Construction: Block; Other
Const - Finish: Painted; Other (See Remarks)
Roofing: Other
Floors: Other
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Community Features: No Pool; Other; See Remarks
Appliances Included: Washer/Dryer; W/D Hookup; Other
Heating: Individual; Other; See Remarks
Cooling: Ceiling Fan(s); Electric; Individual; Central Air; Other; See Remarks
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: 1 Space/Unit; Other
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping; Other
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
...were completed with new flooring, fixtures, bathrooms, stainless-steel appliances, custom cabinets, and hard surface countertops. Each unit has its own interior washer / dryer. New electrical switches and outlets were added along with new lighting, fans, and thermostats throughout. The finishes are above average and offer a luxury feel to prospective tenants if and when a vacancy occurs. The units lease-up immediately and there are additional value-add opportunities through raising rents over time. Properties like this do not come on the market often! The Stills is a 12-unit apartment community located near the extremely popular Lower Arcadia submarket. The property is located in a beautiful residential neighborhood at the nucleus of the city, less than 5 miles to the Biltmore, Sky Harbor Airport, Downtown Scottsdale, and Tempe. This little strip of mid-century apartments has consistently maintained high occupancy levels due to the increasingly popular architecture and central location. Units in this area rarely are available. The location is as central as it gets and allows residents to enjoy, with ease, so much of what Phoenix, Scottsdale, and Tempe has to offer. The nearest light rail stop is approximately 2 miles away, and there are many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes.
IDX
Listing Office: ABI Multifamily

Office Phone: 602-714-1400

Last Updated: February - 24 - 2025

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