$3,600,000
Phoenix, AZ 85008
MLS# 5441417
Status: Closed
1 / 6
Property Description
Papago View Apartments consists of spacious one bedroom floor plans with a portion of them having private patios that are in high demand. current ownership has made significant renovations to the property. Exterior renovations include paint and stucco, a new foam roof, complete parking lot seal & stripe, new pool(plaster, tile, motor, decking), all new landscaping with drip system, low-maintenance desert rock, shrubs, and palm trees. interior renovations include ceramic tile flooring, appliances, water heaters, toilets, tiled shower enclosures, sunscreens, and countertops. Papago View offers the opportunity to purchase a truly unique apartment community located in the high demand rental neighborhood in East Phoenix that is turn-key for a new owner. Call for a showing today!
Details
Contract Info
Ownership: Fee Simple
Current Price: $3,600,000
Sold Price: $3,600,000
Status: Closed
List Date: 2016-04-11
Location, Tax & Legal
Assessor's Map #: 12
Legal Description (Abbrev): PAPAGO VISTA LOT 6 EX S 7' FOR RD & EX N 20' FOR ALLEY BLK 13
Assessor's Parcel #: 111
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Census Tract: 111402
Taxes: 14300
Legal: PAPAGO VISTA LOT 6 EX S 7' FOR RD & EX N 20' FOR ALLEY BLK 13
Marketing Name: Papago View Apartments
Map Code/Grid: P38
House Number: 3710
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4319
County Code: Maricopa
Subdivision: PAPAGO VISTA
Assessor Number: 120-12-111
Tax Year: 2015
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 64
Lot Size Dimensions: 338' x 134'
Total # of Units: 50
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1979
Zoning: R5
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Pool Equipment: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
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: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 14300
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 3700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Manager Res/Office: 1
Barbecue: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
<1 Space Per Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 50
Avg Rent: 600
Avg SqFt: 556
# Baths: 1
2 Bedroom Units
Avg Rent: 0
Avg SqFt: 556
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 40th st & McDowell Rd
Directions: Head West on Mcdowell from 40th st just past 38th st Property entry is on the North side of Rd
Geo Lat: 33.465986
Geo Lon: -112.001473
Status Change Info
Off Market Date: 2016-11-14
Under Contract Date: 2016-08-11
Close of Escrow Date: 2016-11-21
Sold Price: $3,600,000
Legal Info
Lot Number: 120-12-111
Property Features
Project Type: 25 - 50 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Land & Building; Pool Equipment; Laundry Equipment
Community Features: Pool; Manager Res/Office; Barbecue
Appliances Included: Built-In Range; Refrigerator
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas
Parking Features: <1 Space Per Unit; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
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: Conventional; 1031 Exchange
Environmental: None
Listing Office: Traw Realty
Last Updated: December - 09 - 2024
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