2006 N 51ST Street, Phoenix, AZ 85008

$2,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,600,000 Last Modified: 1/25/2023

Overview

Description

T H E D U F F is a nine-unit apartment community positioned in thegeographical heart of the Phoenix MSA offering outstanding connectivity to pivotal Valley submarkets, including Phoenix, Scottsdale, Tempe, Glendale, and the greater southeast Valley. Within a ten-mile radius, the property is afforded access to ±581,100 employees at companies such as Charles Schwab, Yelp, State Farm, Wells Fargo, Honeywell, and General Dynamics as well as outstanding reach to Greater Phoenix's best hospitals inclusive of Banner University Medical Center, Valleywise Health Medical Centers, and Honorhealth Scottsdale Osborn Medical Center.

Supplements: The Duff is also presented access to a growing culinary scene with hotspots across central Phoenix and Scottsdale featuring one-of-a-kind, local restaurants and nightlife options complemented by the mainstay retail + dining locations of downtown Tempe, Tempe Marketplace, Biltmore Fashion Center, and Scottsdale Fashion Square. Developed in 1985, The ...

Listing Details MLS# 6300141

Location, Tax & Legal

Map Code/Grid
P36
House Number
2006
Compass
N
Street Name
51ST
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85008
Zip4
4201
Country
US
County Code
Maricopa
Subdivision
ORANGEDALE TRACT 11,13,14,15
Assessor Number
126-21-007
Tax Year
2021
Assessor's Map #
21
Legal Description (Abbrev)
ORANGEDALE TR PT LOT 11 BEG 377.14' E OF SW COR N 115.5' E TO E LI S 115.5' W 271.63' M/L TO BEG EX
Assessor's Parcel #
7
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
111201
Taxes
3532
Legal
ORANGEDALE TR PT LOT 11 BEG 377.14' E OF SW COR N 115.5' E TO E LI S 115.5' W 271.63' M/L TO BEG EX
Marketing Name
The Duff

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
23522
Year Built
1985
Uncvrd Parking Spcs
3
Total # of Units
9
# of Buildings
2
Zoning
R-3
Elementary School District
Balsz Elementary District
High School District
Phoenix Union High School District
Elementary School
Orangedale Junior High Prep Academy
Jr. High School
Orangedale Junior High Prep Academy
High School
Camelback High School

Remarks Misc

Cross Street
51st Street & McDowell

Status Change Info

Off Market Date
2021-12-26
Under Contract Date
2021-12-26
Close of Escrow Date
2022-03-31

Legal Info

Township
2N
Range
4E
Section
32
Lot Number
11

More Information

Income Expenses

Gross Annual Sch Inc
153908

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
1400
Avg SqFt
862
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1400
# Baths
2

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Other Type

House + Rental Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Gas Exp
0
Annual Land Lse Exp
0
Annual Legal & Acctg
0
Annual Trash Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
3532
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
146212.6

Pmt & Rate Info

Equity
2650000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes
Natural Gas
Yes
Central
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Partially Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes

Tenant Pays

Gas
Yes
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 Per Unit
Yes
Paved
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
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: 5 - 12 Units Other Type: House + Rental Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas; Central Cooling: Ceiling Fan(s); Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: >1 Space Per Unit; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text Lockbox Type: None 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; 1031 Exchange Environmental: None
IDX
Listing Office: Platinum Living Realty
Last Updated: January - 25 - 2023
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