Ownership: Fee Simple
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
List Date: 2020-11-18
Assessor's Map #: 34
Legal Description (Abbrev): FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA
Assessor's Parcel #: 46
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 9501
Legal: FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA
Marketing Name: Foothill Acres Apartments
Map Code/Grid: M34
House Number: 9645
Compass: N
Street Name: 11TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 3067
County Code: Maricopa
Subdivision: FOOTHILL ACRES LOTS 33-48 & 58-59
Assessor Number: 158-34-046
Tax Year: 2020
# of Buildings: 2
Uncvrd Parking Spcs: 45
Lot Size Dimensions: 150ft x 250ft
Total # of Units: 30
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1984
Zoning: R-4
Range: 3E
Section: 30
Township: 3N
Lot Number: 58
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9501
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 302752.2
Cap Rate: 5.7
Equity: 3750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Text: 1
Email: 1
Phone Call: 1
Electric: 1
Individual: 1
Ceiling Fan(s): 1
Central Air: 1
Individual: 1
Built-In Range: 1
Refrigerator: 1
Other: 1
Projected Proforma: 1
Other (See Remarks): 1
1 Space/Unit: 1
Attached: 1
Paved: 1
SRP: 1
Individual Meter: 1
Water: 1
Sewer: 1
Trash Collection: 1
# 1 Bedroom Units: 14
Avg Rent: 684
Avg SqFt: 575
# Baths: 1
# 2 Bedroom Units: 16
Avg Rent: 802
Avg SqFt: 645
# 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 $/%: %
Geo Lat: 33.574527
Geo Lon: -112.086582
Off Market Date: 2021-01-21
Under Contract Date: 2021-01-19
Close of Escrow Date: 2021-03-23
Sold Price: $3,500,000
Gross Annual Sch Inc: 325540
Net Operating Income: 213738
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted; Stone
Roofing: Composition; Other
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator; Other
Heating: Individual
Cooling: Ceiling Fan(s); Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Attached; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
