Ownership: Fee Simple
Current Price: $4,400,000
Sold Price: $4,400,000
Status: Closed
List Date: 2017-10-02
Assessor's Map #: 16
Legal Description (Abbrev): W ORANGEWOOD N 198F LOT 8 EX E 208F & EX W 7F & ALSO S 20F MYRTLE AVE LY ADJ N LI LOT 8 P/D 3316/196
Assessor's Parcel #: 20
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 106100
Taxes: 17446
Legal: W ORANGEWOOD N 198F LOT 8 EX E 208F & EX W 7F & ALSO S 20F MYRTLE AVE LY ADJ N LI LOT 8 P/D 3316/196
Marketing Name: Twillingate
Map Code/Grid: N34
House Number: 7141
Compass: N
Street Name: 19TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 8514
County Code: Maricopa
Subdivision: WEST ORANGEWOOD
Assessor Number: 157-16-020-A
Tax Year: 2017
# of Buildings: 4
Uncvrd Parking Spcs: 17
Lot Size Dimensions: 1.92 Acres
Total # of Units: 52
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1973
Zoning: Pad-14
Range: 3E
Section: 6
Township: 2N
Lot Number: 8
Building(s) Only: 1
Land & Building: 1
Personal Property: 1
Pool Equipment: 1
Other (See Remarks): 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: 17446
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Cap Rate: 6.41
Down Payment: 1320000
Equity: 4400000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Pool: 1
Manager Res/Office: 1
Barbecue: 1
Central Air: 1
Individual: 1
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Partially Fenced: 1
Patio/Balcony: 1
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Projected Proforma: 1
Other (See Remarks): 1
On Street: 1
>1 Space Per Unit: 1
Paved: 1
Assigned: 1
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
Other: 1
See Remarks: 1
Conventional: 1
1031 Exchange: 1
List Agent Home Phn: 480-887-0640
# 1 Bedroom Units: 32
Avg Rent: 800
Avg SqFt: 700
# Baths: 1
# 2 Bedroom Units: 20
Avg Rent: 925
Avg SqFt: 900
# 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 Ave & Myrtle Ave
Geo Lat: 33.541863
Geo Lon: -112.098789
Off Market Date: 2018-01-17
Under Contract Date: 2018-01-17
Close of Escrow Date: 2018-02-16
Sold Price: $4,400,000
Net Operating Income: 282026
Project Type: 51 - 99 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam; Rolled
Floors: Vinyl; Ceramic Tile
Sale Includes: Building(s) Only; Land & Building; Personal Property; Pool Equipment; Other (See Remarks)
Community Features: Pool; Manager Res/Office; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Patio/Balcony
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Central
Cooling: Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: On Street; >1 Space Per Unit; Assigned; Paved
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; Other; See Remarks
Tenant Pays: None
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
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
