Ownership: Fee Simple
Current Price: $4,470,000
Sold Price: $4,470,000
Status: Closed
List Date: 2019-08-30
Assessor's Map #: 21
Legal Description (Abbrev): S 285' OF E 154' OF W 352' OF NE4 NW4 NE4 EX S 25' RD .92 AC
Assessor's Parcel #: 21
Assessor Parcel Ltr: E
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110702
Taxes: 8695
Legal: S 285' OF E 154' OF W 352' OF NE4 NW4 NE4 EX S 25' RD .92 AC
Marketing Name: Modern Retro Living
Map Code/Grid: P35
House Number: 2122
Compass: E
Street Name: FAIRMOUNT
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6189
County Code: Maricopa
Assessor Number: 119-21-021-E
Tax Year: 2019
# of Buildings: 8
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 285 x 267
Total # of Units: 23
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1956
Zoning: R-3
Range: 3E
Section: 27
Township: 2N
Lot Number: -
Land & Building: 1
Pool Equipment: 1
Laundry Equipment: 1
Annual Elec Exp: 4224
Annual Gas Exp: 0
Annual Ins Exp: 4740
Annual Land Lse Exp: 0
Annual Landscape Exp: 8790
Annual Legal & Acctg: 0
Annual Maint Exp: 5400
Annual Mgmt Exp: 12840
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 20856
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 38699
Operating Exp: 104244
Other Income: 23843
Vacancy Allowance: 0.05
Adjusted Gross Inc: 335252.15
Total Monthly Rental Income: 27421
Cap Rate: 5.65
Down Payment: 0
Equity: 4554000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Text: 1
Email: 1
Phone Call: 1
Ceiling Fan(s): 1
Central Air: 1
Landscape Water System: 1
Green Landscaping: 1
Cable TV Available: 1
Electricity: 1
Other (See Remarks): 1
Built-In Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Carport: 1
1 Space/Unit: 1
Water: 1
Sewer: 1
Landscaping: 1
Pool Maintenance: 1
Other: 1
See Remarks: 1
# 1 Bedroom Units: 1
Avg Rent: 935
Avg SqFt: 549
# Baths: 1
# 2 Bedroom Units: 22
Avg Rent: 1192
Avg SqFt: 769
# Baths: 1
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Cross Street: Indian School & 22nd Street
Geo Lat: 33.493402
Geo Lon: -112.035842
Off Market Date: 2020-05-01
Under Contract Date: 2020-03-31
Close of Escrow Date: 2020-05-29
Sold Price: $4,470,000
Gross Annual Sch Inc: 329054
Net Operating Income: 257347
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building; Pool Equipment; Laundry Equipment
Community Features: Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: Carport; 1 Space/Unit
Owner Pays: Water; Landscaping; Pool Maintenance; Other; See Remarks
Tenant Pays: Electricity; Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Other (See Rmks)
Existing 2nd Loan: Other (See Remarks)
Existing 3rd Loan: Other (See Remarks)
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: Other (See Remarks)
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