1921 E Hayden Lane, Tempe, AZ 85281
$695,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$695,000
Last Modified:
8/23/2012
Overview
Description
Listing Details MLS# 4766476
Location, Tax & Legal
- Map Code/Grid
- R37
- House Number
- 1921
- Compass
- E
- Street Name
- Hayden
- St Suffix
- Lane
- City/Town Code
- Tempe
- State/Province
- AZ
- Zip Code
- 85281
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 132-64-007-B
- Tax Year
- 2011
- Assessor's Map #
- 64
- Assessor's Parcel #
- 7
- Assessor Parcel Ltr
- B
- Add'l Parcels
- No
- Tax Municipality
- Tempe
- Taxes
- 6944.32
- Legal
- To be provided in escrow.
- Marketing Name
- Hayden Lane Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 25,544
- Year Built
- 1985
- Uncvrd Parking Spcs
- 14
- Total # of Units
- 13
- # of Buildings
- 2
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
Remarks Misc
- Cross Street
- McCintock/University
- Directions
- Going South on McClintock take the second left past University onto Hayden Lane to community
Status Change Info
- Off Market Date
- 2012-06-11
- Under Contract Date
- 2012-06-11
- Close of Escrow Date
- 2012-06-27
Legal Info
- Lot Number
- 7
More Information
Income Expenses
- Gross Annual Sch Inc
- 101400
- Net Operating Income
- 52457.92
2 Bedroom Units
- # 2 Bedroom Units
- 13
- Avg Rent
- 650
- Avg SqFt
- 850
- # Baths
- Yes
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 3250
- Annual Gas Exp
- 0
- Annual Ins Exp
- 1950
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 2600
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 5200
- Annual Mgmt Exp
- 2600
- Annual Trash Exp
- 1300
- Annual Wtr/Swr Exp
- 4550
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 2400
- Annual Other Expense
- 10400
- Operating Exp
- 41194.32
- Other Income
- 5023
- Vacancy Allowance
- 0.12
- Adjusted Gross Inc
- 93652.24
- Total Monthly Rental Income
- 8450
Pmt & Rate Info
- Cap Rate
- 7.62
- Down Payment
- 688000
- Equity
- 688000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
- 2 or More Units
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
- Individual
- Yes
- 2 or More Units
- Yes
Exterior Amenities
- Green Landscaping
- Yes
- Fenced
- Yes
- Curb(s) & Gutter(s)
- Yes
- Cable TV Available
- Yes
- Sidewalk(s)
- Yes
- Separate Storage
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Vertical Blinds
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Dishwasher
- Yes
- Disposal
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Access Type
- Dedicated Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- Free
- Yes
- On Street
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
- Assigned
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Electric
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Cash to Loan
- Yes
- Conventional
- Yes
- No Carry
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- 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
- ALTA Survey Availbl
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Phase I Available
- 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:
13 - 24 Units
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Composition
Floors:
Vinyl; Ceramic Tile; Carpet
Sale Includes:
Land & Building
Community Features:
Pool; Barbecue
Exterior Amenities:
Green Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Separate Storage; Security Light(s)
Interior Features:
Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included:
Free-Standing Range; Refrigerator; Dishwasher; Disposal
Heating:
2 or More Units
Cooling:
Ceiling Fan(s); Electric; Individual; 2 or More Units
Water Source:
City Franchise; Individual Meter
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
Carport; On Street; Add'l Parking Avail; Assigned; Free; Paved
Road Access Type:
Dedicated Street
Road Surface Type:
Asphalt
Owner Pays:
Water; Electric; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays:
Water; Sewer; Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
Existing 1st Loan:
Conventional
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable
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:
Cash to Loan; Conventional; No Carry
Environmental:
Phase I Available
Listing Office:
Cardon Commercial
Last Updated: August - 23 - 2012
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