2148 E POLK Street, Phoenix, AZ 85006
$2,200,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,200,000
Last Modified:
10/21/2019
Overview
Description
Listing Details MLS# 5972251
Location, Tax & Legal
- Map Code/Grid
- Q35
- House Number
- 2148
- Compass
- E
- Street Name
- POLK
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85006
- Zip4
- 4072
- Country
- US
- County Code
- Maricopa
- Subdivision
- AVIATION HOMESITES
- Assessor Number
- 116-01-054-A
- Tax Year
- 2018
- Assessor's Map #
- 1
- Legal Description (Abbrev)
- LOT 10 BLOCK 2 AVIATION HOMESITES MCR 003101
- Assessor's Parcel #
- 54
- Assessor Parcel Ltr
- A
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Census Tract
- 113300
- Taxes
- 2976
- Legal
- LOT 10 BLOCK 2 AVIATION HOMESITES MCR 003101
- Marketing Name
- Polk Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 16,494 sqft
- Year Built
- 1953
- Uncvrd Parking Spcs
- 32
- Total # of Units
- 32
- # of Buildings
- 5
- Zoning
- [M-H]
- Elementary School District
- Phoenix Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 21ST PL and Polk ST
- Directions
- Van Buren east to 21st Street north 1 block to Polk East on Polk to apartments
Status Change Info
- Off Market Date
- 2019-08-30
- Under Contract Date
- 2019-08-01
- Close of Escrow Date
- 2019-08-30
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 3
- Block
- 2
- Lot Number
- 10
More Information
Income Expenses
- Net Operating Income
- 135278
1 Bedroom Units
- # 1 Bedroom Units
- 30
- Avg Rent
- 800
- Avg SqFt
- 600
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1100
- Avg SqFt
- 750
- # Baths
- Yes
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
- 25 - 50 Units
- Yes
Other Type
- House + Rental Units
- Yes
Construction
- Brick
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 26123
- Annual Gas Exp
- 3529
- Annual Ins Exp
- 5200
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 26251
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 1500
- Annual Wtr/Swr Exp
- 16124
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 81703
- Other Income
- 4235
- Vacancy Allowance
- 0.04
- Adjusted Gross Inc
- 4065.6
Pmt & Rate Info
- Cap Rate
- 6.15
- Down Payment
- 0
- Equity
- 2200000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Showing Notification Methods
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- Other
- Yes
- See Remarks
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
- Central
- Yes
- Window/Wall Unit(s)
- Yes
Cooling
- Central Air
- Yes
- Window/Wall Unit
- Yes
Exterior Amenities
- Sidewalk(s)
- Yes
Tenant Pays
- None
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
Road Access Type
- Dedicated Street
- Yes
Road Surface Type
- Concrete
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Paved
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Electric
- Yes
- Gas
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- 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
- Appraisal
- 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:
25 - 50 Units
Other Type:
House + Rental Units
Construction:
Brick
Const - Finish:
Painted; Stucco
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
No Pool; Other; See Remarks
Exterior Amenities:
Sidewalk(s)
Appliances Included:
Free-Standing Range; Refrigerator; Washer/Dryer
Heating:
Natural Gas; Central; Window/Wall Unit(s)
Cooling:
Window/Wall Unit; Central Air
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
Paved
Road Access Type:
Dedicated Street
Road Surface Type:
Concrete
Owner Pays:
Water; Electric; Gas; Trash Collection
Tenant Pays:
None
Source of Fincl Data:
Owner
Showing Notification Methods:
Phone Call
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; Owner May Carry; 1031 Exchange
Environmental:
None
Listing Office:
Cap Core Real Estate
Last Updated: October - 21 - 2019
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