Ownership: Fee Simple
Current Price: $4,999,950
Sold Price: $4,999,950
Status: Closed
List Date: 2012-09-25
Assessor's Map #: 2
Legal Description (Abbrev): MARIBELA CONDOMINIUMS
Assessor's Parcel #: 273
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 106801
Taxes: 36000
Legal: MARIBELA CONDOMINIUMS MCR 831-02
Marketing Name: Maribela Luxury Condos
Map Code/Grid: N33
House Number: 2540
Compass: W
Street Name: MARYLAND
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 6227
County Code: Maricopa
Assessor Number: 156-02-273
Tax Year: 2012
# of Buildings: 12
Uncvrd Parking Spcs: 60
Lot Size Dimensions: Irregular
Total # of Units: 192
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1985
Zoning: R4
Range: 2E
Section: 12
Township: 2N
Lot Number: 249
Wood: 1
Ceramic Tile: 1
Carpet: 1
Land & Building: 1
Pool Equipment: 1
Annual Elec Exp: 8800
Annual Gas Exp: 1464
Annual Ins Exp: 12672
Annual Land Lse Exp: 0
Annual Landscape Exp: 9600
Annual Legal & Acctg: 34000
Annual Maint Exp: 20477
Annual Mgmt Exp: 20000
Annual Trash Exp: 1848
Annual Wtr/Swr Exp: 36000
Owner Association: Yes
Annual Ownr Asoc Fee: 2340
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 183201
Other Income: 11400
Vacancy Allowance: 0.1
Adjusted Gross Inc: 913680
Cap Rate: 10.08
Down Payment: 3600000
Equity: 4999950
Down Payment %: 60
Monthly Payments: 20000
Total Owed: 0
Assessment Balance: 0
Pool: 1
Spa(s): 1
Manager Res/Office: 1
Barbecue: 1
Ceiling Fan(s): 1
Electric: 1
Landscape Water System: 1
Desert Landscaping: 1
Fenced: 1
Patio/Balcony: 1
Security Guard: 1
Security Light(s): 1
Built-In Range: 1
Refrigerator: 1
Trash Compactor: 1
Washer/Dryer: 1
Carport: 1
Free: 1
>1 Space Per Unit: 1
Water: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
Conventional: 1
Owner May Carry: 1
List Agent Home Phn: 602-615-6900
# 1 Bedroom Units: 46
Avg Rent: 480
Avg SqFt: 600
# Baths: 1
# 2 Bedroom Units: 135
Avg Rent: 650
Avg SqFt: 700
# 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: 27th ave and Maryland
Directions: Head east on Maryland Ave from 27th Ave. Property is on north side of street.
Geo Lat: 33.53163
Geo Lon: -112.11484
Off Market Date: 2012-10-25
Under Contract Date: 2012-10-22
Close of Escrow Date: 2012-11-20
Sold Price: $4,999,950
Gross Annual Sch Inc: 1003800
Net Operating Income: 504000
Project Type: 100+ Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building; Pool Equipment
Payment Includes: Interest
Community Features: Pool; Spa(s); Manager Res/Office; Barbecue
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony; Security Guard; Security Light(s)
Appliances Included: Built-In Range; Refrigerator; Trash Compactor; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport; >1 Space Per Unit; Free
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity
Source of Fincl Data: Owner
Existing 1st Loan: Private
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Owner May Carry
Environmental: None
