1801 N 50TH Street, Phoenix, AZ 85008

$2,013,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,013,000 Last Modified: 8/29/2019

Overview

Description

Coronado Apartments is a 13-unit garden-style apartment community located in a highly desirable east Phoenix location that has recently been extensively renovated and repositioned with premium finishes. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity.

Listing Details MLS# 5923971

Location, Tax & Legal

Map Code/Grid
P36
House Number
1801
Compass
N
Street Name
50TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
4263
Country
US
County Code
Maricopa
Subdivision
ORANGEDALE ESTATES
Assessor Number
126-20-009-D
Tax Year
2018
Assessor's Map #
20
Legal Description (Abbrev)
ORANGEDALE ESTATES MCR 30-3 LOT 7 EX N 70F OF E 190F & EX E 10F & EX W 25F
Assessor's Parcel #
9
Assessor Parcel Ltr
D
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
111201
Taxes
5898
Legal
ORANGEDALE ESTATES MCR 30-3 LOT 7 EX N 70F OF E 190F & EX E 10F & EX W 25F
Marketing Name
Coronado Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.85 acres
Year Built
1980
Uncvrd Parking Spcs
12
Total # of Units
13
# of Buildings
4
Zoning
R-3
Elementary School District
Balsz Elementary District
High School District
Phoenix Union High School District

Status Change Info

Off Market Date
2019-06-19
Under Contract Date
2019-06-17
Close of Escrow Date
2019-08-19

Legal Info

Township
2N
Range
4E
Section
32
Lot Number
7

More Information

Income Expenses

Net Operating Income
139866

2 Bedroom Units

# 2 Bedroom Units
12
Avg SqFt
900
# Baths
Yes
Avg Rent
0

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg SqFt
1000
# Baths
Yes
Avg Rent
0

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Cash
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

Slump Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes
Built-Up
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
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
5898
Other Income
182395
Vacancy Allowance
0
Adjusted Gross Inc
182395

Pmt & Rate Info

Cap Rate
6.57
Down Payment
0
Equity
2130000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Individual
Yes

Cooling

Individual
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes
Add'l Parking Avail
Yes

Electric

Individual Meter
Yes

Gas

Master Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
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

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Slump Block Const - Finish: Painted; Stucco Roofing: Composition; Built-Up Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Washer/Dryer Heating: Individual Cooling: Individual Water Source: Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: Master Meter Parking Features: Carport; 1 Space/Unit; Add'l Parking Avail Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear 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 Environmental: None
IDX
Listing Office: CBRE, Inc
Last Updated: August - 29 - 2019
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