21420 N 23RD Avenue, Phoenix, AZ 85027

$1,498,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,498,000 Last Modified: 8/02/2016

Overview

Description

Desert Winds is a 28-unit garden-style apartment community located in a desirable north Phoenix neighborhood. Built in 1983 the property is made of wood frame and stucco construction with pitched composition shingle roofs and is individually-metered for electricity with copper plumbing.

Supplements: The unit mix consists of all one-bedroom floor plans that well designed and average approximately 550 square feet. Interior unit amenities include fully appointed kitchens with full-size electric appliances, vertical blinds and large bathroom vanities. The property is situated on approximately 0.69 acres and features low water use desert landscapin ...

Listing Details MLS# 5439304

Location, Tax & Legal

Map Code/Grid
J34
House Number
21420
Compass
N
Street Name
23RD
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85027
Zip4
2506
Country
US
County Code
Maricopa
Subdivision
BLACK CANYON HEIGHTS
Assessor Number
209-07-022-C
Tax Year
2015
Assessor's Map #
7
Legal Description (Abbrev)
BLACK CANYON HTS N 69F LOT 22 EX W 69F TH/OF
Assessor's Parcel #
22
Assessor Parcel Ltr
C
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
614700
Taxes
6956.94
Legal
BLACK CANYON HTS N 69F LOT 22 EX W 69F TH/OF
Marketing Name
Desert Winds

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
30056.4
Year Built
1983
Uncvrd Parking Spcs
30
Total # of Units
28
# of Buildings
2
Zoning
R-5
Elementary School District
Deer Valley Unified District
High School District
Deer Valley Unified District

Status Change Info

Off Market Date
2016-08-02
Under Contract Date
2016-06-05
Close of Escrow Date
2016-08-01

Legal Info

Township
4N
Range
2E
Section
24
Lot Number
22

More Information

Income Expenses

Net Operating Income
97840

1 Bedroom Units

# 1 Bedroom Units
28
Avg Rent
565
Avg SqFt
550
# Baths
Yes

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Conventional
Loan Years
30
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

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Other
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
6.53
Down Payment
0
Equity
1498000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes

Heating

None
Yes

Cooling

Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Paved
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Conventional
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

2 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: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Other Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Desert Landscaping; Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range Heating: None Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Paved Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Conventional 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: CBRE, Inc
Last Updated: August - 02 - 2016
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