Ownership: Fee Simple
Current Price: $4,800,000
Sold Price: $4,800,000
Status: Closed
List Date: 2021-02-25
Assessor's Map #: 23
Assessor's Parcel #: 49
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Taxes: 9132
Legal: will be provided in escrow
Marketing Name: TRULLIES
Map Code/Grid: P37
House Number: 7910-7920
Compass: E
Street Name: Wilshire
St Suffix: Drive
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
County Code: Maricopa
Subdivision: Trullies Condominiums
Assessor Number: 131-23-049
Tax Year: 2020
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: unknown
Flood Zone: No
Total # of Units: 12
Elementary School District: Scottsdale Unified District
High School District: Scottsdale Unified District
Elementary School: Pima Elementary School
Jr. High School: Supai Middle School
Year Built: 1984
Zoning: Multi Family
Ceramic Tile: 1
Carpet: 1
Land & Building: 1
Personal Property: 1
Pool Equipment: 1
Laundry Equipment: 1
Annual Elec Exp: 23000
Annual Gas Exp: 7000
Annual Ins Exp: 7000
Annual Land Lse Exp: 0
Annual Landscape Exp: 18000
Annual Legal & Acctg: 10000
Annual Maint Exp: 14000
Annual Mgmt Exp: 20000
Annual Trash Exp: 12000
Annual Wtr/Swr Exp: 18000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 36000
Operating Exp: 174132
Other Income: 2400
Vacancy Allowance: 0.19
Adjusted Gross Inc: 410184
Cap Rate: 5.25
Equity: 4500000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Heated Pool(s): 1
Heated Spa(s): 1
Manager Res/Office: 1
Barbecue: 1
Other: 1
See Remarks: 1
Landscape Water System: 1
Green Landscaping: 1
Fenced: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Electricity: 1
Cable TV: 1
Free-Standing Range: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Microwave: 1
Washer/Dryer: 1
Owner: 1
Books Shwn Accpt Ofr: 1
Garage: 1
>1 Space Per Unit: 1
Paved: 1
Add'l Parking Avail: 1
SRP: 1
Individual Meter: 1
SW Gas: 1
Master Meter: 1
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
List Agent Home Phn: 480-215-4314
List Agent Hme Phn 2: 602-989-2343
List Agent Cell Phn2: 480-215-4314
# 2 Bedroom Units: 8
Avg Rent: 4000
Avg SqFt: 980
# Baths: 2
# 4 Bedroom Units: 2
Avg Rent: 0
Avg SqFt: 1960
# Baths: 4
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Cross Street: Hayden & Thomas
Directions: From the 101 go West on Thomas to Hayden, turn (L) South on Hayden to Wilshire and turn (R) West. The property is the second complex on the north side of Wilshire
Geo Lat: 33.476526
Geo Lon: -111.910397
Off Market Date: 2021-06-03
Under Contract Date: 2021-04-12
Close of Escrow Date: 2021-06-23
Sold Price: $4,800,000
Gross Annual Sch Inc: 504000
Net Operating Income: 236052
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Pool Equipment; Laundry Equipment
Community Features: Heated Pool(s); Heated Spa(s); Manager Res/Office; Barbecue; Other; See Remarks
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Central Air
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas; Master Meter
Parking Features: Garage; >1 Space Per Unit; Add'l Parking Avail; Paved
Owner Pays: Water; Gas; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Books Shwn Accpt Ofr
Status Update: Multiple Offers Recd
Lockbox Type: None
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
Environmental: None
