16802 N 26TH Street 101, Phoenix, AZ 85032

$3,072,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,072,000 Last Modified: 11/15/2024

Overview

Description

Northview Estates consists of sixteen (16) individually condo-mapped four-plex buildings situated on over 4 acres offering a total of 64 rental units. Buildings are frame and stucco constructed with pitched built-up (elastomeric coated) roofs. 85% of the units (55) are 2-bed, 2-bath floor plans of approximately 800 square feet. There are also eight (8) 2-bed, 1-bath units of approximately 800 square feet and a single efficiency, 1-bath unit of approximately 400 square feet. The property offers a designated leasing office. Recently completed upgrades at the property include the installation of a new roofing system and the installation of hi-efficiency double-pane vinyl windows as well as code-compliant UL rated electrical service panels.

Listing Details MLS# 5191457

Location, Tax & Legal

Map Code/Grid
R34
House Number
16802
Compass
N
Street Name
26TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Zip4
2546
Country
US
County Code
Maricopa
Subdivision
Northview Estates ( 16 individual parcels)
Assessor Number
214-26-108
Tax Year
2013
Unit #
101
Assessor's Map #
26
Legal Description (Abbrev)
NORTH VIEW ESTATES UNIT 101-116
Assessor's Parcel #
108
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
103305
Taxes
8163
Legal
NORTH VIEW ESTATES MCR 259-37 UNIT 0101 TOG WI AN UNDIV 1-16 INT
Marketing Name
Northview Estates

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
irregular
Year Built
1983
Uncvrd Parking Spcs
104
Total # of Units
64
# of Buildings
16
Zoning
M-M, R-3
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District

Remarks Misc

Cross Street
Bell Road / 26th Street
Directions
SR-51 to Bell Road, West to 26th Street, south to property

Status Change Info

Off Market Date
2015-02-17
Under Contract Date
2015-01-12
Close of Escrow Date
2015-04-30

Legal Info

Township
3N
Range
3E
Section
2
Lot Number
101

More Information

Income Expenses

Gross Annual Sch Inc
422040
Net Operating Income
215761

Efficiency Units

# Efficiency Units
Yes
Avg Rent
420
Avg SqFt
400
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
65
Avg Rent
560
Avg SqFt
800
# Baths
2

Contact Info

List Agent Home Phn
602-243-7499

Sold Info

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

Project Type

51 - 99 Units
Yes

Construction

Wood Frame
Yes
Steel Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
2662
Annual Gas Exp
0
Annual Ins Exp
11908
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
1355
Annual Maint Exp
94289
Annual Mgmt Exp
15638
Annual Trash Exp
5561
Annual Wtr/Swr Exp
29016
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
2926
Annual Other Expense
15384
Other Income
1627
Vacancy Allowance
0.05
Adjusted Gross Inc
402483.65

Pmt & Rate Info

Cap Rate
6.81
Down Payment
3169000
Equity
3169000
Down Payment %
100
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Manager Res/Office
Yes
Play Area
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Cable TV Available
Yes
Security Light(s)
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Vertical Blinds
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Owner
Yes
Accountant
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
>1 Space Per Unit
Yes
Add'l Parking Avail
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

No Carry
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 51 - 99 Units Construction: Wood Frame; Steel Frame Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Manager Res/Office; Play Area Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup Heating: Individual; Heat Pump Cooling: Electric; Heat Pump; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Add'l Parking Avail; Free Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Accountant Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: No Carry Environmental: Other (See Remarks)
IDX
Listing Office: Kasten Long Commercial Group
Last Updated: November - 15 - 2024
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