1595 W MOUNTAIN VIEW Road, Phoenix, AZ 85021

$1,865,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,865,000 Last Modified: 1/11/2023

Overview

Description

Completely remodeled 13-unit apartment complex located in the North Mountain Preserve area, famous for its numerous hiking and mountain biking trails. Property consists of three 2 Bed/1Bath and ten 1bed/1bath. List of improvements include new electric throughout all units with new separately metered electric panels, new plumbing to the street, new windows, new roof trusses and roofing, new ACs, new kitchens, new blacktop, new hot water heaters and much more!! Low maintenance landscaping. 2 parking spots for each unit. The property is close to 19th Ave, Peoria ave, and the I-17 Freeway. It is near Shopping, Entertainment and Good Schools. Excellent Opportunity for any investor looking for a solid rehabbed property with good cash flow, low property taxes and overhead, high occupancy,

Supplements: and plenty of room to increase rents. Contact listing agent for rent roll and P&L

Listing Details MLS# 6437558

Location, Tax & Legal

Map Code/Grid
M34
House Number
1595
Compass
W
Street Name
MOUNTAIN VIEW
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85021
Country
US
County Code
Maricopa
Assessor Number
158-23-080-C
Tax Year
2021
Assessor's Map #
23
Assessor's Parcel #
80
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
0
Taxes
1790
Tax District
No
Legal
W 2 AC OF N2 NE4 NE4 SW4 EX W 165F TH/OF & EX W 190F OF N 233F TH/OF & EX N 33F RD (P/F 91-0120995)
Marketing Name
Mountain View Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
26,074
Year Built
1954
Uncvrd Parking Spcs
28
Total # of Units
13
# of Buildings
Yes
Zoning
multi
Elementary School District
Washington Elementary District
High School District
Glendale Union High School District

Remarks Misc

Cross Street
19th Ave & Dunlap
Directions
North on 19th Ave to Mountain View. East on Mountain View to property. Property on the south side of street.

Status Change Info

Off Market Date
2022-11-03
Under Contract Date
2022-09-01
Close of Escrow Date
2022-12-03

1 Bedroom Units

# 1 Bedroom Units
10
Avg Rent
825
Avg SqFt
500
# Baths
Yes

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1075
Avg SqFt
700
# Baths
Yes

Contact Info

List Agent Home Phn
602-396-5684

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Balloon
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

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1790
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
1950000
1st Encumbrance
0
Down Payment %
0
Monthly Payments
0
1st Interest Rate
0
1st Payment
0
1st Payment Freq
None
2nd Encumbrance
0
2nd Payment
0
2nd Payment Freq
None
3rd Encumbrance
0
3rd Payment
0
3rd Payment Freq
None
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes
Central
Yes
ENERGY STAR Qualified Equipment
Yes

Cooling

ENERGY STAR Qualified Equipment
Yes
Central Air
Yes
Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Desert Landscaping
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In 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 Per Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Fixed
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

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Mobile Home Prk Info

Avg Rent Single Wide
0
Avg Rent Double Wide
0
Avg Rent Ovrnght Spc
0
Avg Rent RV Spaces
0
Avg Rent Oversize Sp
0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping Appliances Included: Built-In Range; Refrigerator Heating: Individual; Central; Heat Pump; ENERGY STAR Qualified Equipment Cooling: Individual; Central Air; ENERGY STAR Qualified Equipment Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed 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 Environmental: None
IDX
Listing Office: My Home Group Real Estate
Last Updated: January - 11 - 2023
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