1914 W HAYWARD Avenue, Phoenix, AZ 85021

$1,558,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,558,000 Last Modified: 6/12/2020

Overview

Description

Don't miss this opportunity to purchase a rehabbed property consisting of 100% spacious 2 bedroom, 1 bath units. Not only is the building in a great rental area, it is located on the new light rail extension on 19th Ave, South on Northern. The rehab consists of newer A/C units, new landscaping, ceramic tile flooring, upgraded electrical, new appliances, painted exterior/interior, upgraded bathroom, etc. You simply cannot find this kind of commercial, multi-family deal in the current Phoenix market.

Listing Details MLS# 5344978

Location, Tax & Legal

Map Code/Grid
N33
House Number
1914
Compass
W
Street Name
HAYWARD
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85021
Zip4
7036
Country
US
County Code
Maricopa
Subdivision
Moro Sun Condominiums
Assessor Number
157-20-111
Tax Year
2015
Assessor's Map #
20
Legal Description (Abbrev)
VISTA INCOME ESTATES 1
Assessor's Parcel #
111
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
106002
Taxes
4940
Legal
MORO SUN CONDOMINIUMS MCR 798-31 UNIT 1 PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGARDING THE PERCENTAGE OF OWNERS
Marketing Name
El Moro Sun Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1968
Uncvrd Parking Spcs
50
Total # of Units
26
# of Buildings
Yes
Zoning
CO
Elementary School District
Washington Elementary District
High School District
Glendale Union High School District

Remarks Misc

Cross Street
19th Ave. & Northern Ave.
Directions
South on 19th Ave. West on Hayward Ave. Property on right side of street.

Status Change Info

Off Market Date
2016-01-13
Under Contract Date
2016-01-13
Close of Escrow Date
2016-03-18

Legal Info

Township
2N
Range
2E
Section
Yes
Lot Number
8

More Information

Income Expenses

Gross Annual Sch Inc
186888
Net Operating Income
107671

2 Bedroom Units

# 2 Bedroom Units
26
Avg Rent
599
Avg SqFt
782
# Baths
Yes

Contact Info

List Agent Home Phn
602-703-5277

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

25 - 50 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
3600
Annual Gas Exp
0
Annual Ins Exp
5200
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
12000
Annual Mgmt Exp
18000
Annual Trash Exp
0
Annual Wtr/Swr Exp
18000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
5000
Operating Exp
66740
Other Income
2500
Vacancy Allowance
0.08
Adjusted Gross Inc
174236.96
Total Monthly Rental Income
15574

Pmt & Rate Info

Cap Rate
6.91
Down Payment
0
Equity
1558000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Paved
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

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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Electric Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping 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: GPCI AZ
Last Updated: June - 12 - 2020
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