Ownership: Fee Simple
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
List Date: 2022-10-31
Assessor's Map #: 34
Legal Description (Abbrev): LOT 5 TOWN HEIGHTS MCR 005531
Assessor's Parcel #: 5
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106400
Taxes: 4369
Legal: LOT 1 ,2,3, and 4 Lamar Townhomes
Marketing Name: Reflection
Map Code/Grid: N35
House Number: 1625
Compass: E
Street Name: LAMAR
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
County Code: Maricopa
Subdivision: Lamar Townhomes
Assessor Number: 164-34-005
Tax Year: 2021
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: irregular
Flood Zone: No
Total # of Units: 4
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison #1 Middle School
High School: Central High School
Year Built: 2023
Zoning: R3
Range: 3E
Section: 10
Township: 2N
Lot Number: 1,2,3,4
Painted: 1
Stucco: 1
Siding: 1
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4369
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 240000
Cap Rate: 5.72
Equity: 3785000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Text: 1
Email: 1
Phone Call: 1
Electric: 1
Individual: 1
Central: 1
2 or More Units: 1
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heat Pump: 1
2 or More Units: 1
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Gas: 1
Water: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
W/D Hookup: 1
City Franchise: 1
Individual Meter: 1
Sewer - Public: 1
Sewer-In & Connected: 1
Garage: 1
On Street: 1
>1 Space Per Unit: 1
Attached: 1
Garage Door Opener: 1
APS: 1
Individual Meter: 1
SW Gas: 1
Individual Meter: 1
Sewer: 1
Landscaping: 1
Other: 1
# 4 Bedroom Units: 4
Avg Rent: 4750
Avg SqFt: 2752
# Baths: 3
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: 99000
Seller Concession $/%: %
Cross Street: 16th Street and Glendale
Directions: 16th Street block south of Glendale to Lamar , East to property
Geo Lat: 33.536552
Geo Lon: -112.046275
Off Market Date: 2023-07-29
Under Contract Date: 2023-04-08
Close of Escrow Date: 2023-06-30
Sold Price: $3,500,000
Gross Annual Sch Inc: 240000
Net Operating Income: 216600
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco; Siding
Roofing: Foam
Floors: Wood; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; Other
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Heating: Individual; Central; 2 or More Units
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air; 2 or More Units
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Garage; On Street; >1 Space Per Unit; Attached; Garage Door Opener
Owner Pays: Landscaping; Other
Tenant Pays: Water; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
