$3,070,000
Phoenix, AZ 85014
MLS# 6102083
Status: Closed
32 beds | 32 baths
1 / 34
Property Description
Named after its uniqueness and beauty, ''Aviara'' is a 16 unit complex that has been completed renovated with the latest trends in colors and décor. Built in 1985, the unit mix consists of 11 (2 bed/2 bath) units and 5 (2 bed/1.5 bath) units. Unit sizes are large at nearly 1,000 sqft. each. Just a few features include all new flooring and appliances, fresh paint, in-unit washer and dryers, walk-out patios on the lower level units and carport parking with plentiful visitor parking. Also, this complex is gated which is becoming a more sought-after feature by residents in search of great communities. The extensive renovations combined with desert landscaping keeps expenses very minimal and also provides for an investment property that is easy to operate. Adding to this community's
Details
Contract Info
Current Price: $3,070,000
Sold Price: $3,070,000
Status: Closed
List Date: 2020-07-10
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: P34
House Number: 4322
Compass: N
Street Name: 13TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4572
Country: US
County Code: Maricopa
Subdivision: MEADOWBROOK TRACT BLK 1
Assessor Number: 155-08-038-A
Tax Year: 2019
General Property Description
Lot Size Dimensions: Unknown
Year Built: 1985
Uncvrd Parking Spcs: 8
Total # of Units: 16
# of Buildings: 4
Zoning: Multi-Units
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 2N
Range: 3E
Section: 21
Block: 3
Lot Number: 15
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 1329
Avg SqFt: 962
# Baths: 2
Structure
Bedrooms Total: 32
Bathrooms Total: 32
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: Camelback & 16th St.
Directions: South on 16th St. to Campbell Ave; West on Campbell Ave to 13th Place; South on 13th Place to complex. The complex is on the West side.
Geo Lat: 33.499273
Geo Lon: -112.053426
Status Change Info
Off Market Date: 2020-11-17
Under Contract Date: 2020-09-03
Close of Escrow Date: 2020-11-20
Sold Price: $3,070,000
Income Expenses
Gross Annual Sch Inc: 255156
Net Operating Income: 184438
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile; Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Fenced
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Carport; On Street; <1 Space Per Unit; Add'l Parking Avail; Assigned; Free; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
New Financing: Conventional
Environmental: None
Supplements
appeal,"Aviara" is centrally located in Uptown Phoenix bordering the very popular Central Corridor. Located near the renown Biltmore District, shopping and dining are abundant which
accommodates every person's taste. Major local employers include Phoenix Children's Hospital, Banner Health, JP Morgan Chase and the VA Medical Center. Access to downtown Phoenix and other cities is easy with the nearby Light Rail and freeways. Sky Harbor Airport is a short driving distance of less than 10 minutes. "Aviara" is the ideal turn-key investment. The complex is stable and fully occupied. Demand for freshly renovated units within such a desirable central Phoenix location are in high demand. Therefore, rental values are trending upwards within this complex, and as such, there is an upside on rents which translates to the potential to immediately add even more value to this already great investment!
The addresses for all 4 building are:
4318 N. 13th Pl. Apt. A; 4318 N. 13th Pl. Apt. B:
4322 N. 13th Pl. Apt. A; 4322 N. 13th Pl. Apt. B.
Please, do not disturb the tenants by trying to walk the property as it is gated and the tenants are unaware it is for sale. Drive by only! Thank you.
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Office Phone: 602-264-8400
Last Updated: January - 02 - 2024
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