$3,800,000
Phoenix, AZ 85008
MLS# 6528308
Status: Closed
1 / 42
Property Description
28 Casita style units (single story) with 760 square feet of retail space on Van Buren. 16 Buildings total. Nearly 100% renovated, new construction down to studs within past few years. 26 units are 1 bedroom/1 bath, 2 units are 2 bedroom/1 bath. New asphalt parking lot. All units are separately metered. Coin laundry room. 93% occupancy, final unit to be completed in next two months, then ready to lease.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $3,800,000
Sold Price: $3,800,000
Status: Closed
List Date: 2023-03-06
Location, Tax & Legal
Assessor's Map #: 68
Legal Description (Abbrev): BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD
Assessor's Parcel #: 63
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113502
Taxes: 15578
Legal: BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD
Marketing Name: 28 Units - Sin Agua Falls
Map Code/Grid: Q35
House Number: 2936
Compass: E
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 6845
County Code: Maricopa
Assessor Number: 121-68-063-B
Tax Year: 2022
General Property Description
# of Buildings: 16
Uncvrd Parking Spcs: 34
Lot Size Dimensions: irregular
Flood Zone: No
Total # of Units: 28
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Year Built: 1945
Zoning: C-3
Legal Info
Range: 3E
Section: 2
Township: 1N
Lot Number: 1
Project Type
25 - 50 Units: 1
Other Type
Other (See Remarks): 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15578
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 4800000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Cable TV Available: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing 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/Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-620-1453
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 26
Avg Rent: 0
Avg SqFt: 380
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 0
Avg SqFt: 508
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash to Loan
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: 30th Street & Van Buren
Directions: North side of Van Buren at 29th Street.
Geo Lat: 33.451957
Geo Lon: -112.017878
Status Change Info
Off Market Date: 2024-04-25
Under Contract Date: 2024-04-24
Close of Escrow Date: 2024-06-25
Sold Price: $3,800,000
Property Features
Project Type: 25 - 50 Units
Other Type: Other (See Remarks)
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Cable TV Available
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan
Environmental: None
Listing Office: MCG Realty
Last Updated: June - 26 - 2024
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