1941 W MORTEN Avenue, Phoenix, AZ 85021
$1,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,600,000
Last Modified:
8/31/2016
Overview
Description
Listing Details MLS# 5442500
Location, Tax & Legal
- Map Code/Grid
- N33
- House Number
- 1941
- Compass
- W
- Street Name
- MORTEN
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85021
- Zip4
- 6968
- Country
- US
- County Code
- Maricopa
- Subdivision
- VISTA INCOME ESTATES 1
- Assessor Number
- 157-19-015-E
- Tax Year
- 2015
- Assessor's Map #
- 19
- Legal Description (Abbrev)
- VISTA INCOME ESTATES 1 LOT 25 EX W 100F & EX E 11 0F OF W 210F OF N 270F
- Assessor's Parcel #
- 15
- Assessor Parcel Ltr
- E
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Census Tract
- 106002
- Taxes
- 6212
- Legal
- VISTA INCOME ESTATES 1 LOT 25 EX W 100F & EX E 11 0F OF W 210F OF N 270F
- Marketing Name
- Summer Cove Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 1.43 Acre
- Year Built
- 1969
- Uncvrd Parking Spcs
- 20
- Total # of Units
- 20
- # of Buildings
- 6
- Zoning
- R-3
- Elementary School District
- Washington Elementary District
- High School District
- Glendale Union High School District
Status Change Info
- Off Market Date
- 2016-06-13
- Under Contract Date
- 2016-06-13
- Close of Escrow Date
- 2016-08-29
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- Yes
- Lot Number
- 25
More Information
Income Expenses
- Net Operating Income
- 104644
1 Bedroom Units
- # 1 Bedroom Units
- 13
- Avg Rent
- 663
- Avg SqFt
- 700
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 7
- Avg Rent
- 750
- Avg SqFt
- 900
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 480-887-0640
Sold Info
- Loan Type
- Conventional
- Payment Type
- Adjustable
- 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
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- 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
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
- Total Monthly Rental Income
- 0
Pmt & Rate Info
- Cap Rate
- 6.25
- Down Payment
- 0
- Equity
- 1675000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
- Manager Res/Office
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Green Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- 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
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- 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:
Painted
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool; Manager Res/Office
Exterior Amenities:
Green Landscaping
Interior Features:
Unfurnished
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Individual
Cooling:
Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
None
Parking Features:
1 Space/Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner; Projected Proforma
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:
Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Orion Investment Real Estate
Last Updated: August - 31 - 2016
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