1605-1609 W Latham Street, Phoenix, AZ 85007

$1,250,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,250,000 Last Modified: 2/19/2025

Overview

Description

1605 -09 W Latham St consists of five bank owned commercial / multifamily buildings across two parcels, totaling twelve multifamily units and one retail / commercial space across. The multifamily units are partially leased (5 of 12), and the retail space is vacant. The unit mix for the multifamily units consists of (2) two bed / 1 bath (4) one bed / one bath and (6) studios. The property is situated just west of Downtown Phoenix near the intersection of Grand Ave & Roosevelt St, placing it in an area rich with history, restaurants, social hubs, and retail. Please contact broker for additional details. Please contact broker for additional details.

Listing Details MLS# 6775525

Location, Tax & Legal

House Number
1605-1609
Compass
W
Street Name
Latham
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Country
US
County Code
Maricopa
Assessor Number
111-16-054
Tax Year
2024
Assessor's Map #
16
Assessor's Parcel #
54
Add'l Parcels
Yes
Tax Municipality
Phoenix
Taxes
0
Legal
GRAND AVE ADDITION MCR 10-23 LOT 21 BLK 24 & E2 ABAND ALLEY LY WLY ADJ TO SD LT & ALSO N2 OF ABAND ALLEY LY SLY
Marketing Name
1605-1609 W Latham St

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
11220
Year Built
1925
Uncvrd Parking Spcs
15
Total # of Units
11
# of Buildings
5
Zoning
C-3
Flood Zone
No
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Elementary School
Kenilworth Elementary School
High School
Central High School

Remarks Misc

Cross Street
Grand and 16th Ave

Status Change Info

Off Market Date
2025-01-10
Under Contract Date
2024-12-03
Close of Escrow Date
2025-02-19

Legal Info

Township
1N
Range
3E
Section
6
Lot Number
19&21

More Information

Showing Notification Methods

Showing Service
No Showing Service Used

Efficiency Units

# Efficiency Units
12
# Baths
4
Avg Rent
0

Sold Info

Loan Type
Other
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes
Other (See Remarks)
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes
Rolled
Yes

Floors

Concrete
Yes

Sale Includes

Land & Building
Yes

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
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
1530000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Evaporative Cooling
Yes

Tenant Pays

Other (See Remarks)
Yes

Appliances Included

Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
1 Space/Unit
Yes

Electric

City Electric
Yes

Gas

Other (See Remarks)
Yes

Owner Pays

Sewer
Yes
See Remarks
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units; Other (See Remarks) Construction: Wood Frame Const - Finish: Painted Roofing: Composition; Rolled Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range Cooling: Evaporative Cooling Water Source: City Franchise Sewer: Sewer - Public Electric: City Electric Gas: Other (See Remarks) Parking Features: On Street; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Lockbox Type: None Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed Existing 3rd Loan: Other (See Remarks) Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: None
IDX
Listing Office: R.O.I. Properties
Last Updated: February - 19 - 2025
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