Ownership: Fee Simple
Current Price: $5,600,000
Sold Price: $5,600,000
Status: Closed
List Date: 2024-01-26
Assessor's Map #: 30
Legal Description (Abbrev): A POR NW4 SEC 27 DAF COM W4 COR OF SD SEC 27 TH N 839 FT TH E 35.50 FT TPOB TH N 356.48 FT TH E 170
Assessor's Parcel #: 63
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 110701
Taxes: 15531
Legal: A POR NW4 SEC 27 DAF COM W4 COR OF SD SEC 27 TH N 839 FT TH E 35.50 FT TPOB TH N 356.48 FT TH E 170
Marketing Name: Playton Place
House Number: 3625
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6443
County Code: Maricopa
Assessor Number: 119-30-063-A
Tax Year: 2023
# of Buildings: 2
Uncvrd Parking Spcs: 34
Lot Size Dimensions: 60,586 SF
Total # of Units: 23
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Loma Linda Elementary School
Jr. High School: Loma Linda Elementary School
High School: North High School
Year Built: 1963
Zoning: C-2, Phoenix
Range: 3E
Section: 27
Township: 2N
Annual Ins Exp: 5400
Annual Maint Exp: 21798
Annual Mgmt Exp: 20880
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 35392
Operating Exp: 99001
Other Income: 24875
Vacancy Allowance: 0.05
Adjusted Gross Inc: 441235.1
Total Monthly Rental Income: 30411
Cap Rate: 5.93
Equity: 5800000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Service: Aligned Showings
No Pool: 1
See Remarks: 1
Electric: 1
Individual: 1
Ceiling Fan(s): 1
Electric: 1
Individual: 1
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Security Light(s): 1
Other (See Remarks): 1
Electricity: 1
Cable TV: 1
Other (See Remarks): 1
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Owner: 1
Projected Proforma: 1
City Franchise: 1
Master Meter: 1
Sewer - Public: 1
Sewer-In & Connected: 1
Carport: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
APS: 1
Individual Meter: 1
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
# Efficiency Units: 3
Avg Rent: 1250
Avg SqFt: 543
# Baths: 1
# 1 Bedroom Units: 3
Avg Rent: 1417
Avg SqFt: 704
# Baths: 1
# 2 Bedroom Units: 17
Avg Rent: 1622
Avg SqFt: 947
# Baths: 1
Loan Type: Carryback
Loan Years: 1
Closing Cost Split: Normal - N
Payment Type: Interest Only
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Cross Street: 16th Street & Indian School Road
Directions: From 16th Street & Indian School Road, head south to the Property
Geo Lat: 33.490249
Geo Lon: -112.047235
Off Market Date: 2024-01-28
Under Contract Date: 2024-01-26
Close of Escrow Date: 2024-01-26
Sold Price: $5,600,000
Gross Annual Sch Inc: 439583
Net Operating Income: 344088
Project Type: 13 - 24 Units
Construction: Block; Slump Block
Const - Finish: Painted; Stucco
Roofing: Concrete; Foam
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Community Features: No Pool; See Remarks
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Security Light(s); Other (See Remarks)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: Carport; >1 Space Per Unit; Add'l Parking Avail; Paved
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Conventional
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
