$2,575,000
805 N 4th Avenue 107
Phoenix, AZ 85003
MLS# 6303646
Status: Closed
8 beds  |  44 baths
7-Condo Package - Valley Roots
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Property Description
Rare portfolio package of 7 turn-key high-rise residential condos, currently operating as fully furnished rentals (perfect executive furnished rentals, Airbnb's, or Long-Term rentals.) Package-offering includes 7 condo's total, and of the 7 are the two south facing Penthouse units. The Embassy high-Rise located at 805 N 4th Ave, Phoenix, Arizona. Monthly HOA fee includes all utilities, including electricity, gas, internet, water/sewer, community amenities, security, and parking. Residential building that allows rentals. The Embassy is an 11-story high-rise with an array of modern amenities wrapped in historic charm. Close to everything: In the heart of downtown Phoenix's Roosevelt Row Historic District.

Details
Contract Info
Current Price: $2,575,000
Sold Price: $2,575,000
Status: Closed
List Date: 2021-10-06
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 805
Compass: N
Street Name: 4th
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Country: US
County Code: Maricopa
Subdivision: Embassy Condominiums
Assessor Number: 111-39-330
Tax Year: 2021
General Property Description
Lot Size Dimensions: UNDIV 0011.97% INT IN THE COMMON ELEMENTS
Year Built: 1964
Total # of Units: 7
# of Buildings: 1
Zoning: residential
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 3500
Avg SqFt: 960
# Baths: 7
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 6000
Avg SqFt: 1390
# Baths: 2
Structure
Bedrooms Total: 8
Bathrooms Total: 44
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Remarks Misc
Cross Street: 4th Ave & Mickinley
Directions: The Embassy Condos is the 11-story mid-century modern high rise on the North-East corner of 4th Ave & McKinley in downtown Phoenix
Geo Lat: 33.457082
Geo Lon: -112.078627
Status Change Info
Off Market Date: 2021-10-21
Under Contract Date: 2021-10-21
Close of Escrow Date: 2021-11-22
Sold Price: $2,575,000
Legal Info
Lot Number: 330
Income Expenses
Gross Annual Sch Inc: 29000
Net Operating Income: 208120
Property Features
Project Type: 5 - 12 Units; Other (See Remarks)
Other Type: Packaged Offering; Other (See Remarks)
Construction: Other
Const - Finish: Painted; Stucco
Roofing: Foam; Other
Floors: Other
Sale Includes: Personal Property; Laundry Equipment; Other (See Remarks)
Community Features: Pool; Clubhouse; Exercise Room; Game/Rec Room; Barbecue; Other; See Remarks
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Partially Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Security Guard; Security Light(s); Guard Gate; Other (See Remarks)
Interior Features: Furnished; Partially Furnished; Fire/Smoke Alarm(s); Security Alarm(s); Wet Bar; Vertical Blinds; Drapes; Water Softener(s); Elevator(s); Other (See Remarks)
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other
Heating: Other; See Remarks
Cooling: Ceiling Fan(s); Individual; Other; See Remarks
Water Source: Other; See Remarks
Sewer: Sewer - Public; Other
Electric: APS; Other (See Remarks)
Gas: SW Gas; Other (See Remarks)
Parking Features: Carport; >1 Space Per Unit; Garage Door Opener; Add'l Parking Avail; Assigned; Paved
Road Surface Type: Treated
Owner Pays: Cable TV; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Special: Exclusion(s) See Remarks
Lockbox Type: Supra
New Financing: Conventional
Environmental: None
IDX
Listing Office: My Home Group Real Estate

Office Phone: 480-685-2760

Office Email: [email protected]

Last Updated: September - 30 - 2022

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