Ownership: Fee Simple
Current Price: $4,515,000
Sold Price: $4,515,000
Status: Closed
List Date: 2021-09-24
Assessor's Map #: 13
Legal Description (Abbrev): LOT 15 BLOCK 9 MCDOWELL MANORS ANNEX MCR 003344
Assessor's Parcel #: 113
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 111602
Taxes: 6282
Legal: LOT 15 BLOCK 9 MCDOWELL MANORS ANNEX MCR 003344
Marketing Name: The Coronado 19
Map Code/Grid: P35
House Number: 1707
Compass: N
Street Name: 18TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2305
County Code: Maricopa
Subdivision: MCDOWELL MANORS ANNEX
Assessor Number: 117-13-113-A
Tax Year: 2021
# of Buildings: 3
Uncvrd Parking Spcs: 14
Lot Size Dimensions: 0.062
Total # of Units: 19
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Excelencia School
Jr. High School: Phoenix Coding Academy
High School: North High School
Year Built: 1960
Zoning: R-4
Range: 3E
Section: 34
Township: 2N
Block: 9
Lot Number: 15
Land & Building: 1
Personal Property: 1
Annual Elec Exp: 3958.82
Annual Gas Exp: 145.4
Annual Ins Exp: 8744
Annual Land Lse Exp: 0
Annual Landscape Exp: 5000
Annual Legal & Acctg: 0
Annual Maint Exp: 10000
Annual Mgmt Exp: 14820
Annual Trash Exp: 5422.4
Annual Wtr/Swr Exp: 5422.4
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 59795.02
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 255968.3
Cap Rate: 1.67
Equity: 4600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Electric: 1
Individual: 1
Electricity: 1
Cable TV: 1
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Carport: 1
1 Space/Unit: 1
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
# Efficiency Units: 2
Avg Rent: 879.28
Avg SqFt: 300
# Baths: 1
# 1 Bedroom Units: 9
Avg Rent: 1123.6
Avg SqFt: 700
# Baths: 1
# 2 Bedroom Units: 8
Avg Rent: 1322.87
Avg SqFt: 800
# Baths: 1
Loan Type: Conventional
Loan Years: 10
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Cross Street: McDowell Rd & 16th St
Directions: Head east on E McDowell Rd, North on N 18th St. Property will be on the right at the corner of Coronado St & 18th St.
Geo Lat: 33.467194
Geo Lon: -112.043029
Off Market Date: 2022-01-03
Under Contract Date: 2021-12-26
Close of Escrow Date: 2022-02-28
Sold Price: $4,515,000
Gross Annual Sch Inc: 269440.32
Net Operating Income: 76607
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building; Personal Property
Community Features: Pool; Barbecue
Exterior Amenities: Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport; 1 Space/Unit
Owner Pays: Water; Gas; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: 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; No Carry; 1031 Exchange
Environmental: None
