1803 N 31ST Place, Phoenix, AZ 85008

$2,300,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,300,000 Last Modified: 6/02/2025

Overview

Listing Details MLS# 6873301

Location, Tax & Legal

House Number
1803
Compass
N
Street Name
31ST
St Suffix
Place
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
3753
Country
US
County Code
Maricopa
Assessor Number
120-20-054
Tax Year
2024
Assessor's Map #
20
Legal Description (Abbrev)
PT SE4 SE4 BEG AT PT 584.74' N & 345.31' W OF SE COR SEC TH N 126.136' W 345.31' S 126.136' E
Assessor's Parcel #
54
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
111502
Taxes
3226
Legal
PT SE4 SE4 BEG AT PT 584.74' N & 345.31' W OF SE COR SEC TH N 126.136' W 345.31' S 126.136' E
Marketing Name
Spanish Place

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
NA
Year Built
1958
Uncvrd Parking Spcs
20
Total # of Units
14
# of Buildings
3
Zoning
R3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Status Change Info

Off Market Date
2025-06-02
Under Contract Date
2025-05-30
Close of Escrow Date
2025-06-01

Legal Info

Township
2N
Range
3E
Section
35

More Information

Income Expenses

Gross Annual Sch Inc
210678
Net Operating Income
118845.58

Showing Notification Methods

Showing Service
No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
1200
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
1400
Avg SqFt
800
# Baths
Yes

Sold Info

Loan Type
Conventional
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
50000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

13 - 24 Units
Yes

Construction

Block
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
3226
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
210678

Pmt & Rate Info

Cap Rate
5.17
Equity
2300000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Ceiling
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes
Individual
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Built-In Range
Yes
Washer/Dryer
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

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

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: Tile Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator; Dishwasher; Washer/Dryer Heating: Ceiling Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None New Financing: Conventional Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: June - 02 - 2025
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