120 S CARNEY Avenue, Tempe, AZ 85281
$1,016,300
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,016,300
Last Modified:
11/01/2016
Description
This listing is being entered into MLS solely for informational purposes for appraisers and other apartment brokers. This the rest of the sale 20 unit complex on Carney - 5 Fourplexes all sold to one owner. Beautiful set up! All one bed units with average rents between $550 to $575. All 5 parcels received new res 30 yr. fixed rate financing,. Occupancy was steady at 100%
More Information MLS# 4924948
Contract Info
Ownership: Fee Simple
Current Price: $1,016,300
Sold Price: $1,016,300
Status: Closed
List Date: 2013-04-22
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): MONTERREY VILLAGE PLAT 3 UNIT 2
Assessor's Parcel #: 117
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318800
Taxes: 5793
Legal: MONTERREY VILLAGE PLAT 3 UNIT 2
Marketing Name: Carney Apartments
Map Code/Grid: Q36
House Number: 120
Compass: S
Street Name: CARNEY
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2643
County Code: Maricopa
Subdivision: Monterrey Village
Assessor Number: 124-31-117
Tax Year: 2011
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 6
Lot Size Dimensions: IRR
Total # of Units: 16
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Year Built: 1963
Zoning: multi
Legal Info
Range: 4E
Section: 16
Township: 1N
Lot Number: 19
Project Type
13 - 24 Units: 1
Other Type
Packaged Offering: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Concrete: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 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: 5793
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Cap Rate: 9.34
Down Payment: 0
Equity: 813040
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Pool: 1
Heating
Heat Pump: 1
Individual: 1
Cooling
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Partially Fenced: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Carport: 1
1 Space/Unit: 1
Assigned: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
Pool Maintenance: 1
New Financing
Conventional: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Assume-No Qualify: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-265-6617
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 16
Avg Rent: 568
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Univerisity/Mill
Directions: West on University, North on Hardy, East on 2nd Street, N into CUL DE SAC of Carney - 5 fourplexes on cul de sac.
Geo Lat: 33.428567
Geo Lon: -111.951232
Status Change Info
Off Market Date: 2013-04-23
Under Contract Date: 2013-04-22
Close of Escrow Date: 2013-04-22
Sold Price: $1,016,300
Income Expenses
Net Operating Income: 75916
Property Features
Project Type: 13 - 24 Units
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Concrete; Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property
Community Features: Pool
Exterior Amenities: Landscape Water System; Partially Fenced; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Heat Pump
Cooling: Electric; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport; 1 Space/Unit; Assigned
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Assume-No Qualify
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Environmental: None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: November - 01 - 2016
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