2104 E EUGIE Terrace, Phoenix, AZ 85022

$1,855,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,855,000 Last Modified: 8/13/2021

Overview

Description

View 21 Apartments is comprised of 14 large two bed/two bath units with new in unit washer/dryers, VIEW 21 offers investors immediate upside by bringing all units to proven market rents. There is further value add through finishing the partially renovated units to better leverage unit mix, location and amenities. Project has covered parking, new roofs and a gated updated pool. Vacant old laundry room next to pool adds further opportunity to provide amenity or added income through storage units. This desirable asset is located in a strong rental demand area with easy access to infrastructure and employment in North Central Phoenix.

Listing Details MLS# 5990792

Location, Tax & Legal

Map Code/Grid
L35
House Number
2104
Compass
E
Street Name
EUGIE
St Suffix
Terrace
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85022
Zip4
5193
Country
US
County Code
Maricopa
Subdivision
SUN & SAND BLK 6
Assessor Number
166-10-004
Tax Year
2018
Assessor's Map #
10
Legal Description (Abbrev)
LOT 4 BLOCK 1 SUN & SAND BLK 6 MCR 005414
Assessor's Parcel #
4
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
103701
Taxes
6391
Legal
LOT 4 BLOCK 1 SUN & SAND BLK 6 MCR 005414
Marketing Name
View 21 Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.55
Year Built
1985
Uncvrd Parking Spcs
14
Total # of Units
14
# of Buildings
2
Zoning
R3
Elementary School District
Paradise Valley Unified District
High School District
Paradise Valley Unified District

Remarks Misc

Cross Street
Cave Creek and Cactus
Directions
Head North to Eugie, then head left (West) to property.

Status Change Info

Off Market Date
2019-10-22
Under Contract Date
2019-10-15
Close of Escrow Date
2019-12-02

Legal Info

Township
3N
Range
3E
Section
15
Block
Yes
Lot Number
4

More Information

2 Bedroom Units

# 2 Bedroom Units
14
Avg Rent
877
Avg SqFt
950
# Baths
2

Contact Info

List Agent Home Phn
602-703-5277

Sold Info

Loan Type
Other
Payment Type
Other
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
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
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
Operating Exp
6391
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
0

Pmt & Rate Info

Down Payment
0
Equity
1960000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Other (See Remarks)
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

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: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Range; Refrigerator; Dishwasher Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None 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: Other (See Remarks) Environmental: None
IDX
Listing Office: REI Marketing
Last Updated: August - 13 - 2021
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