4422 N 14TH Street 1-10, Phoenix, AZ 85014 (MLS# 6593843)

Contract Info

Ownership: Fee Simple Current Price: $4,800,000 Sold Price: $4,800,000 Status: Closed List Date: 2023-08-16

Location, Tax & Legal

Unit #: 1-10 Assessor's Map #: 8 Legal Description (Abbrev): LOT 9 14TH STREET RESIDENCES MCR 151930 Assessor's Parcel #: 194 Add'l Parcels: Yes Tax Municipality: Phoenix Census Tract: 108602 Taxes: 33000 Legal: Lots 1-10 14TH STREET RESIDENCES Marketing Name: 14th street Residences House Number: 4422 Compass: N Street Name: 14TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85014 County Code: Maricopa Subdivision: 14TH STREET RESIDENCES Assessor Number: 155-08-194 Tax Year: 2022

General Property Description

# of Buildings: 4 Uncvrd Parking Spcs: 0 Lot Size Dimensions: unknown Flood Zone: No Total # of Units: 10 Elementary School District: Madison Elementary District High School District: Phoenix Union High School District Elementary School: Madison Camelview Elementary Jr. High School: Madison Park School High School: North High School Year Built: 2021 Zoning: R-3

Legal Info

Range: 3E Section: 21 Township: 2N Lot Number: 9

Project Type

5 - 12 Units: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Foam: 1

Floors

Ceramic Tile: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 500 Annual Ins Exp: 4848 Annual Landscape Exp: 4800 Annual Wtr/Swr Exp: 120 Owner Association: Yes Annual Ownr Asoc Fee: 0 Operating Exp: 43268 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 306000

Pmt & Rate Info

Cap Rate: 5.35 Equity: 4999900 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Exterior Amenities

Landscape Water System: 1 Security Light(s): 1

Tenant Pays

Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1

Appliances Included

Built-In Range: 1 Refrigerator: 1 Dishwasher: 1 Disposal: 1 Microwave: 1 Washer/Dryer: 1

Source of Fincl Data

Owner: 1

Water Source

Individual Meter: 1

Sewer

Sewer-In & Connected: 1

Parking Features

Garage: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Landscaping: 1

New Financing

Conventional: 1 1031 Exchange: 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: 10 Avg Rent: 2595 Avg SqFt: 1809 # Baths: 3

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Cash 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: 16th and Campbell Directions: 16th street south to Campbell Avenue, Turn right west into Campbell Avenue. Turn left south on to 14th street to property on right (west) side of the Street. Geo Lat: 33.500642 Geo Lon: -112.05244

Status Change Info

Off Market Date: 2024-01-31 Under Contract Date: 2023-12-18 Close of Escrow Date: 2024-02-02 Sold Price: $4,800,000

Income Expenses

Gross Annual Sch Inc: 306000 Net Operating Income: 267508

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Security Light(s) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: Individual Meter Sewer: Sewer-In & Connected Electric: APS Gas: None Parking Features: Garage Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Owner Lockbox Type: None New Financing: Conventional; 1031 Exchange Environmental: None