1525 W INDIAN SCHOOL Road, Phoenix, AZ 85015
$2,450,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,450,000
Last Modified:
5/14/2025
Overview
Description
Listing Details MLS# 6644884
Location, Tax & Legal
- House Number
- 1525
- Compass
- W
- Street Name
- INDIAN SCHOOL
- St Suffix
- Road
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85015
- Zip4
- 5260
- Country
- US
- County Code
- Maricopa
- Subdivision
- PARK FAIRMONT AMD
- Assessor Number
- 110-08-005-D
- Tax Year
- 2023
- Building Number
- 1-3
- Assessor's Map #
- 8
- Legal Description (Abbrev)
- PARK FAIRMOUNT AMD MCR 48-48 PT LOT 4 BLK 1 EX E 120F & EX W 180F & EX N 10F
- Assessor's Parcel #
- 5
- Assessor Parcel Ltr
- D
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 110400
- Taxes
- 4170
- Legal
- PARK FAIRMOUNT AMD MCR 48-48 PT LOT 4 BLK 1 EX E 120F & EX W 180F & EX N 10F
- Marketing Name
- Savoy Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 16200
- Year Built
- 1959
- Uncvrd Parking Spcs
- 18
- Total # of Units
- 18
- # of Buildings
- 3
- Zoning
- MULTI
- Flood Zone
- No
- Elementary School District
- Osborn Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 15TH AVE & INDIAN SCHOOL
- Directions
- I-10 west to 7th Avenue, north to Thomas Rd, west to property.
Status Change Info
- Off Market Date
- 2024-02-21
- Under Contract Date
- 2024-01-03
- Close of Escrow Date
- 2024-02-20
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 30
- Block
- Yes
- Lot Number
- 4
More Information
Income Expenses
- Gross Annual Sch Inc
- 122820
- Net Operating Income
- 58000
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
- Phone Call
- Yes
Efficiency Units
- # Efficiency Units
- 4
- Avg Rent
- 500
- Avg SqFt
- 403
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 8
- Avg Rent
- 620
- Avg SqFt
- 620
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 6
- Avg Rent
- 780
- Avg SqFt
- 780
- # Baths
- Yes
Contact Info
- List Agent Cell Phn2
- 480-239-0117
Sold Info
- Loan Type
- Other
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Rolled
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 2000
- Annual Gas Exp
- 3000
- Annual Ins Exp
- 18000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 18000
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 3000
- Annual Wtr/Swr Exp
- 9000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 1800
- Annual Other Expense
- 0
- Operating Exp
- 58970
- Other Income
- 2000
- Vacancy Allowance
- 0.1
- Adjusted Gross Inc
- 112338
- Total Monthly Rental Income
- 11480
Pmt & Rate Info
- Cap Rate
- 2.23
- Down Payment
- 0
- Equity
- 2600000
- 1st Encumbrance
- 0
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Lockbox Type
- Other
- Yes
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
- Natural Gas
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Construction:
Block
Const - Finish:
Stucco
Roofing:
Rolled
Floors:
Ceramic Tile; Carpet
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping
Interior Features:
Unfurnished
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Natural Gas; Individual; Heat Pump
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
Water
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Showing Notification Methods:
Text; Phone Call
Lockbox Type:
Other
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:
Not Applicable
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; 1031 Exchange
Environmental:
None
Listing Office:
Realty ONE Group
Last Updated: May - 14 - 2025
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