1457 E TAYLOR Street, Phoenix, AZ 85006

$3,320,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,320,000 Last Modified: 6/29/2023

Description

Certificate of Occupancy anticipated in Mid April, 2023. The Taylor consists of 12 well-planned units in a trendy, midcentury building in the heart of Phoenix. The project features a unit mix of 3 studios, 5 one-bedroom / one-bathroom units, and 4 two-bedroom / two-bathroom units. The first floor units have private yards and the second and third floor units have balconies. There is also a community rooftop deck and nice outdoor amenity space with incredible views of the mountains to the northeast and Downtown Phoenix to the west. The midcentury architecture that has been incorporated in the plans is extremely popular in this gentrifying part of Phoenix. The units will offer a rare, more affordable option to tenants who are seeking a class A, brand new, attractive project at a price point

Supplements: that is getting harder and harder to find. This is a rare, bite-sized new-construction investment opportunity in the heart of one of the fastest growing metroplexes in the country. The Taylor is a brand new, completed apartment project in central Phoenix The property is located just east of the heart of Downtown Phoenix. It is just over a mile to the stadium district, Roosevelt Row, and the ASU downtown campus. It is less than a mile from the nearest light rail station at 12th Street and Washington and approximately a half mile to the I-10 Freeway, giving residents easy access to all areas of metropolitan Phoenix. This location is as central as it gets and allows residents to enjoy, with ease, so much of what all parts of Phoenix have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points and light rail stations within minutes, this property will prove to be a phenomenal development opportunity for someone who wants a fantastic property in a great, central location.

More Information MLS# 6542383

Contract Info

Ownership: Fee Simple Current Price: $3,320,000 Sold Price: $3,320,000 Status: Closed List Date: 2023-04-10

Location, Tax & Legal

Assessor's Map #: 18 Legal Description (Abbrev): GERMANIA PLACE MCR 3-52 LOT 36 EX S 315F & EX E 6F TH/OF Assessor's Parcel #: 121 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 113201 Taxes: 3058 Legal: GERMANIA PLACE MCR 3-52 LOT 36 EX S 315F & EX E 6F TH/OF Marketing Name: The Taylor Map Code/Grid: Q34 House Number: 1457 Compass: E Street Name: TAYLOR St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 Zip4: 3521 County Code: Maricopa Subdivision: GERMANIA PLACE LOTS 4-1115-19212231-36 Assessor Number: 116-18-121-A Tax Year: 2022

General Property Description

# of Buildings: 1 Uncvrd Parking Spcs: 15 Lot Size Dimensions: ~86x195 Total # of Units: 12 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Year Built: 2023 Zoning: R4

Legal Info

Range: 3E Section: 4 Township: 1N Lot Number: 36

Project Type

5 - 12 Units: 1

Construction

Wood Frame: 1 Other: 1

Const - Finish

Painted: 1 Stucco: 1 Other (See Remarks): 1

Roofing

Other: 1

Floors

Other: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 3058 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 3420000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1 See Remarks: 1

Heating

Other: 1

Cooling

Other: 1

Exterior Amenities

Other (See Remarks): 1

Interior Features

Other (See Remarks): 1

Tenant Pays

Electricity: 1 Other (See Remarks): 1

Appliances Included

Dishwasher: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1 Other: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Projected Proforma: 1 Other (See Remarks): 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

Paved: 1 Other: 1

Electric

Individual Meter: 1 Other (See Remarks): 1

Gas

Other (See Remarks): 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Other (See Remarks): 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Efficiency Units

# Efficiency Units: 3 Avg Rent: 0 Avg SqFt: 444 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 5 Avg Rent: 0 Avg SqFt: 578 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 0 Avg SqFt: 791 # Baths: 2

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

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 $/%: %

Remarks Misc

Cross Street: 16th Street and Fillmore Directions: West on Fillmore, South on 15th Street, West Taylor Street to property on South Side of the street. Geo Lat: 33.453924 Geo Lon: -112.049668

Status Change Info

Off Market Date: 2023-06-08 Under Contract Date: 2023-04-24 Close of Escrow Date: 2023-06-27 Sold Price: $3,320,000

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame; Other Const - Finish: Painted; Stucco; Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Land & Building Community Features: No Pool; See Remarks Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer; Other Heating: Other Cooling: Other Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: Individual Meter; Other (See Remarks) Gas: Other (See Remarks) Parking Features: Paved; Other Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Other (See Remarks) 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)
Listing Office: ABI Multifamily
IDX
Last Updated: June - 29 - 2023
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