2222 S RURAL Road, Tempe, AZ 85282
$1,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,000,000
Last Modified:
8/18/2012
Description
Twenty (2) bedroom (1) bath apartment units. Exterior Improvements include: sandblasted masonry walls, art themed statues/signs, flood irrigation for new low-maintenance landscaping. Please do not distrub the tenants.
More Information MLS# 4523004
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2011-01-17
Location, Tax & Legal
Assessor's Map #: 25
Assessor's Parcel #: 7
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 11001
Legal: BEG SE COR NE4 NE4 W 33F TO TRUE POB N 98F W 323. 93F S 98F E 323
Marketing Name: Casa Carmel
Map Code/Grid: R37
House Number: 2222
Compass: S
Street Name: RURAL
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1426
County Code: Maricopa
Assessor Number: 133-25-007-B
Tax Year: 2010
General Property Description
# of Buildings: 10
Uncvrd Parking Spcs: 23
Lot Size Dimensions: 29589 SQ FT +/-
Total # of Units: 20
Elementary School District: Tempe Elementary School District
Year Built: 1960
Zoning: M-H
Legal Info
Range: 4E
Section: 27
Township: 1N
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
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: 11001
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 156180
Pmt & Rate Info
Cap Rate: 8.51
Down Payment: 0
Equity: 1200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Green Landscaping: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
New Financing
No Carry: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-968-9894
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 20
Avg Rent: 685
Avg SqFt: 613
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 15
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Rural Rd & Broadway Rd
Directions: Click 'Documents' tab for marketing package.
Geo Lat: 33.403985
Geo Lon: -111.926932
Status Change Info
Off Market Date: 2011-05-23
Under Contract Date: 2011-05-18
Close of Escrow Date: 2011-07-15
Sold Price: $1,000,000
Income Expenses
Gross Annual Sch Inc: 164400
Net Operating Income: 102068
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Other (See Remarks)
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Green Landscaping; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Trash Collection; Cable TV; Landscaping
Tenant Pays: Water; Electricity
Source of Fincl Data: Owner
Special: Owner/Agent
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: No Carry
Environmental: None
Documents
CasaCarmelPropertyFlyer ›
Listing Office:
City to City Commercial
Last Updated: August - 18 - 2012
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