Ownership: Fee Simple
Current Price: $3,260,000
Sold Price: $3,260,000
Status: Closed
List Date: 2022-05-18
Assessor's Map #: 44
Legal Description (Abbrev): LOT 6 BLOCK 23 CHURCHILL ADDITION MCR 000208
Assessor's Parcel #: 22
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113100
Taxes: 7094
Legal: LOT 6 BLOCK 23 CHURCHILL ADDITION MCR 000208
Marketing Name: COMBINE ON THIRD
Map Code/Grid: Q34
House Number: 821
Compass: N
Street Name: 3RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2071
County Code: Maricopa
Subdivision: CHURCHILL ADDITION
Assessor Number: 111-44-022
Tax Year: 2021
# of Buildings: 1
Uncvrd Parking Spcs: 12
Lot Size Dimensions: 7000 SQ FT
Flood Zone: No
Total # of Units: 12
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Emerson Elementary School
Jr. High School: Phoenix Prep Academy
High School: Phoenix Union Bioscience High School
Year Built: 1970
Zoning: C-DT
Range: 3E
Section: 5
Township: 1N
Block: 23
Lot Number: 6
Composition: 1
Built-Up: 1
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Annual Gas Exp: 804
Annual Ins Exp: 8175
Annual Landscape Exp: 2100
Annual Maint Exp: 7300
Annual Mgmt Exp: 6000
Annual Trash Exp: 2245
Annual Wtr/Swr Exp: 7598
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 8470
Operating Exp: 49786
Other Income: 0
Vacancy Allowance: 0.02
Adjusted Gross Inc: 230731.2
Cap Rate: 5.17
Equity: 3500000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Ceiling Fan(s): 1
Window/Wall Unit: 1
Desert Landscaping: 1
Security Light(s): 1
Electricity: 1
Cable TV: 1
Free-Standing Range: 1
Refrigerator: 1
Other: 1
Owner: 1
Projected Proforma: 1
City Franchise: 1
Individual Meter: 1
1 Space/Unit: 1
Assigned: 1
Water: 1
Sewer: 1
Trash Collection: 1
See Remarks: 1
Conventional: 1
1031 Exchange: 1
# Efficiency Units: 10
Avg Rent: 1295
Avg SqFt: 575
# Baths: 1
# 1 Bedroom Units: 2
Avg Rent: 2600
Avg SqFt: 1000
# Baths: 2
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: E Roosevelt St & 3rd St
Directions: Head west on E Roosevelt St, Head south on 3rd St property on the left corner of 3rd & Garfield
Geo Lat: 33.457442
Geo Lon: -112.069606
Off Market Date: 2022-11-18
Under Contract Date: 2022-11-18
Close of Escrow Date: 2022-12-22
Sold Price: $3,260,000
Gross Annual Sch Inc: 235440
Net Operating Income: 180946
Project Type: 5 - 12 Units
Construction: Brick
Const - Finish: Other (See Remarks)
Roofing: Composition; Built-Up
Floors: Concrete; Vinyl; Ceramic Tile
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Security Light(s)
Appliances Included: Free-Standing Range; Refrigerator; Other
Cooling: Ceiling Fan(s); Window/Wall Unit
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit; Assigned
Owner Pays: Water; Trash Collection; See Remarks
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; 1031 Exchange
Environmental: None
