$8,300,000
Phoenix, AZ 85021
MLS# 6155883
Status: Closed
Details
Contract Info
Ownership: Fee Simple
Current Price: $8,300,000
Sold Price: $8,300,000
Status: Closed
List Date: 2020-11-03
Location, Tax & Legal
Unit #: OFC
Assessor's Map #: 23
Legal Description (Abbrev): N2 N2 SE4 NE4 SW4 & N2 N2 S2 N2 SE4 NE4 SW4 EX E 33F RD & EX W 25F RD
Assessor's Parcel #: 24
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 33554
Legal: N2 N2 SE4 NE4 SW4 & N2 N2 S2 N2 SE4 NE4 SW4 EX E 33F RD & EX W 25F RD
Marketing Name: Contempo 15
Map Code/Grid: M34
House Number: 9502
Compass: N
Street Name: 15TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 0800
County Code: Maricopa
Assessor Number: 158-23-024
Tax Year: 2020
General Property Description
# of Buildings: 9
Uncvrd Parking Spcs: 143
Lot Size Dimensions: -
Total # of Units: 92
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1984
Zoning: r4 MH
Legal Info
Range: 3E
Section: 30
Township: 3N
Lot Number: -
Project Type
51 - 99 Units: 1
Other Type
Other (See Remarks): 1
Construction
Other: 1
Const - Finish
Other (See Remarks): 1
Roofing
Other: 1
Floors
Other: 1
Sale Includes
Building(s) Only: 1
Personal Property: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 33554
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 407838
Pmt & Rate Info
Cap Rate: 4.53
Equity: 5839000
1st Encumbrance: 3161000
Down Payment %: 65
Monthly Payments: 13987
1st Years Remaining: 13
1st Payment Freq: Monthly
Total Owed: 3161000
Payment Includes
Interest: 1
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Manager Res/Office: 1
Play Area: 1
Heating
Other: 1
See Remarks: 1
Cooling
Other: 1
See Remarks: 1
Exterior Amenities
Guard Gate: 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Appliances Included
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
Owner Pays
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Other (See Remarks): 1
Special
Lender / Corporate Approval Required: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Assume - Qualify: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Existing Othr Ln Trm
Other (See Remarks): 1
Efficiency Units
# Efficiency Units: 12
Avg Rent: 705
Avg SqFt: 560
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 36
Avg Rent: 780
Avg SqFt: 675
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 44
Avg Rent: 928
Avg SqFt: 860
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 13
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 15th Ave and Hatcher
Geo Lat: 33.572781
Geo Lon: -112.092334
Status Change Info
Off Market Date: 2021-01-30
Under Contract Date: 2020-11-11
Close of Escrow Date: 2021-03-26
Sold Price: $8,300,000
Income Expenses
Gross Annual Sch Inc: 407838
Net Operating Income: 407838
Property Features
Project Type: 51 - 99 Units
Other Type: Other (See Remarks)
Construction: Other
Const - Finish: Other (See Remarks)
Roofing: Other
Floors: Other
Sale Includes: Building(s) Only; Personal Property
Payment Includes: Interest
Community Features: Pool; Manager Res/Office; Play Area
Exterior Amenities: Guard Gate
Interior Features: Other (See Remarks)
Appliances Included: Other
Heating: Other; See Remarks
Cooling: Other; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Water; Sewer; Electricity
Source of Fincl Data: Owner
Special: Lender / Corporate Approval Required
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Assume - Qualify
Existing Othr Ln Trm: Other (See Remarks)
New Financing: Other (See Remarks)
Environmental: None
Listing Office: Commercial Property Connect
Last Updated: March - 06 - 2025
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