2936 E VAN BUREN Street, Phoenix, AZ 85008

$3,800,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,800,000 Last Modified: 6/26/2024

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.

More Information MLS# 6528308

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

Tenant Pays

Electricity: 1 Cable TV: 1

Appliances Included

Free-Standing Range: 1 Refrigerator: 1 Dishwasher: 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

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 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 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 Othr Ln Trm: Not Applicable New Financing: Cash to Loan Environmental: None
Listing Office: MCG Realty
IDX
Last Updated: June - 26 - 2024
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