Long Shot Phoenix Avenue, Phoenix, AZ 85032 (MLS# 5391285)

Contract Info

Ownership: Fee Simple Current Price: $3,600,000 Sold Price: $3,600,000 Status: Closed List Date: 2016-01-30

Location, Tax & Legal

Assessor's Map #: 12 Assessor's Parcel #: 396 Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 600 Legal: Multiple properties Marketing Name: Long Shot 37 SFH Map Code/Grid: M32 House Number: Long Shot Street Name: Phoenix St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 County Code: Maricopa Assessor Number: 143-12-396 Tax Year: 2015

General Property Description

# of Buildings: 37 Uncvrd Parking Spcs: 2 Lot Size Dimensions: 80 x 100 Total # of Units: 37 Elementary School District: Peoria Unified School District High School District: Phoenix Union High School District Year Built: 1970 Zoning: R1-6

Project Type

25 - 50 Units: 1

Construction

Wood Frame: 1

Const - Finish

Other (See Remarks): 1

Roofing

Composition: 1

Floors

Concrete: 1

Sale Includes

Land & Building: 1

Income & Expenses

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: 600 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0 Total Monthly Rental Income: 25847

Pmt & Rate Info

Cap Rate: 8 Down Payment: 0 Equity: 3877000 Down Payment %: 100 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Other: 1 See Remarks: 1

Tenant Pays

Gas: 1 Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1

Appliances Included

Free-Standing Range: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

1 Space/Unit: 1

Electric

APS: 1 SRP: 1

Gas

None: 1

Owner Pays

None: 1

New Financing

Other (See Remarks): 1

Existing 1st Loan

Treat as Free&Clear: 1

Existing 2nd Loan

Other (See Remarks): 1

Existing 3rd Loan

Other (See Remarks): 1

Reports/Disclosures

None: 1

Environmental

None: 1

Existing Othr Ln Trm

Not Applicable: 1

Contact Info

List Agent Home Phn: 602-942-3599

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 0 Avg SqFt: 900

3 Bedrooms Units

# 3 Bedroom Units: 27 Avg Rent: 0 Avg SqFt: 1200

4 Bedrooms Units

# 4 Bedroom Units: 8 Avg Rent: 0 Avg SqFt: 1200

Sold Info

Loan Type: Cash to Loan Loan Years: 20 Closing Cost Split: Normal - N Payment Type: Graduated Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Varies Directions: Ask for information Geo Lat: 33.562928 Geo Lon: -112.176943

Status Change Info

Off Market Date: 2016-05-09 Under Contract Date: 2016-05-05 Close of Escrow Date: 2016-07-15 Sold Price: $3,600,000

Legal Info

Lot Number: 1-37

Income Expenses

Net Operating Income: 310168

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Other (See Remarks) Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS; SRP Gas: None Parking Features: 1 Space/Unit Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner; Projected Proforma Existing 1st Loan: Treat as Free&Clear Existing 2nd Loan: Other (See Remarks) Existing 3rd Loan: Other (See Remarks) Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: None