Ownership: Fee Simple
Current Price: $4,500,000
Sold Price: $4,500,000
Status: Closed
List Date: 2017-10-02
Assessor's Map #: 16
Legal Description (Abbrev): LOT 8 W ORANGEWOOD MCR 6/37 EX N 198F & EX S 165F & EX N 71F OF S 236F OF W 149F & EX W 7F & EX COM
Assessor's Parcel #: 18
Assessor Parcel Ltr: E
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 106100
Taxes: 23082
Legal: LOT 8 W ORANGEWOOD MCR 6/37 EX N 198F & EX S 165F & EX N 71F OF S 236F OF W 149F & EX W 7F & EX COM
Marketing Name: Villa Ventura
Map Code/Grid: N34
House Number: 7125
Compass: N
Street Name: 19TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 8509
County Code: Maricopa
Subdivision: WEST ORANGEWOOD
Assessor Number: 157-16-018-E
Tax Year: 2017
# of Buildings: 11
Uncvrd Parking Spcs: 100
Lot Size Dimensions: 3.24 acres
Total # of Units: 50
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1970
Zoning: R-3
Range: 3E
Section: 6
Township: 2N
Lot Number: 8
Building(s) Only: 1
Land & Building: 1
Personal Property: 1
Pool Equipment: 1
Laundry Equipment: 1
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 23082
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Cap Rate: 6.12
Down Payment: 1380000
Equity: 4600000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Pool: 1
Manager Res/Office: 1
Barbecue: 1
Landscape Water System: 1
Green Landscaping: 1
Partially Fenced: 1
Patio/Balcony: 1
Security Light(s): 1
Electricity: 1
Cable TV: 1
Free-Standing Range: 1
Refrigerator: 1
Projected Proforma: 1
Other (See Remarks): 1
>1 Space Per Unit: 1
Paved: 1
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
Conventional: 1
1031 Exchange: 1
List Agent Home Phn: 480-887-0640
# 2 Bedroom Units: 50
Avg Rent: 800
Avg SqFt: 910
# Baths: 1
Loan Type: Conventional
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Cross Street: 19th Avenue & Myrtle Ave
Geo Lat: 33.54122
Geo Lon: -112.098354
Off Market Date: 2018-01-17
Under Contract Date: 2018-01-16
Close of Escrow Date: 2018-01-31
Sold Price: $4,500,000
Net Operating Income: 281354
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only; Land & Building; Personal Property; Pool Equipment; Laundry Equipment
Community Features: Pool; Manager Res/Office; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Partially Fenced; Patio/Balcony; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual
Cooling: Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: >1 Space Per Unit; Paved
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma; Other (See Remarks)
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; 1031 Exchange
Environmental: None
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