$2,600,000
2550 W Hazelwood Street
Phoenix, AZ 85017
MLS# 5631196
Status: Closed
70 beds  |  45 baths
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Property Description
This investment offering includes one single family house (two bedrooms, one den and one bathroom) and the Carole Arms apartments, a 44-unit garden-style apartment community located in a nice neighborhood due south of the rapidly growing Grand Canyon University on Camelback Road. While the house was originally constructed in the 1950's, the apartment complex was originally constructed in 1985 and has undergone several rounds of upgrades and improvements over the years. The apartment complex includes a strong unit mix with 55% two bedroom and 45% one bedroom units. Each unit has individual meters for electricity and individual roof-mounted HVAC units. The apartment property is comprised of three large residential buildings (two levels) and one building for the office and laundry center. The

Details
Documents
Contract Info
Current Price: $2,600,000
Sold Price: $2,600,000
Status: Closed
List Date: 2017-07-10
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: C90
House Number: 2550
Compass: W
Street Name: Hazelwood
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 3705
Country: US
County Code: Maricopa
Assessor Number: 154-12-029
Tax Year: 2016
General Property Description
Lot Size Dimensions: 60984 SQ feet
Year Built: 1985
Uncvrd Parking Spcs: 66
Total # of Units: 44
# of Buildings: 4
Zoning: R-4 phoenix
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 12
1 Bedroom Units
# 1 Bedroom Units: 20
Avg Rent: 540
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 25
Avg Rent: 632
Avg SqFt: 805
# Baths: 1
Structure
Bedrooms Total: 70
Bathrooms Total: 45
Contact Info
List Agent Home Phn: 60207900567
List Agent Hme Phn 2: 6027965946
List Agent Cell Phn2: 602-7965946
List Agent Pager: 4806120278
Sold Info
Loan Type: Conventional
Loan Years: 5
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession to Seller: 5
Buyer Concession $/%: $
Seller Concession to Buyer: 5
Seller Concession $/%: $
Remarks Misc
Cross Street: Camelback/27th avenue
Directions: The Carole Arms apartment complex and its adjacent house are located just west of the Interstate 17 Freeway access road, and due south of Grand Canyon University, along the north side of Hazelwood Str
Geo Lat: 33.504059
Geo Lon: -112.116338
Status Change Info
Off Market Date: 2017-11-30
Under Contract Date: 2017-09-07
Close of Escrow Date: 2017-11-29
Sold Price: $2,600,000
Property Features
Project Type: 25 - 50 Units
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Building(s) Only; Land & Building; Personal Property; Pool Equipment; Other (See Remarks)
Community Features: Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Partially Fenced
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds; Breakfast Bar
Appliances Included: Built-In Range; Refrigerator; Disposal
Heating: Central; Wall Furnace
Cooling: Ceiling Fan(s); Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Accept Backups (CLO)
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Affordable Housing
Environmental: None
IDX
Listing Office: Orion Investment Real Estate

Office Phone: 480-634-6934

Office Email: [email protected]

Last Updated: December - 26 - 2024

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