2326 E PINCHOT Avenue, Phoenix, AZ 85016
$2,400,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,400,000
Last Modified:
2/17/2024
Overview
Description
Listing Details MLS# 6586083
Location, Tax & Legal
- House Number
- 2326
- Compass
- E
- Street Name
- PINCHOT
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85016
- Zip4
- 7832
- Country
- US
- County Code
- Maricopa
- Subdivision
- none
- Assessor Number
- 119-17-045-A
- Tax Year
- 2022
- Assessor's Map #
- 17
- Legal Description (Abbrev)
- BEG AT PT 33'W OF NE COR S2 N2 SE4 SE4 TH S 89D 41'W 299.17'S 150.13'TO TR POB TH CONT S 150.14'N 8
- Assessor's Parcel #
- 45
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 110702
- Taxes
- 6693
- Legal
- BEG AT PT 33'W OF NE COR S2 N2 SE4 SE4 TH S 89D 41'W 299.17'S 150.13'TO TR POB TH CONT S 150.14'N 8
- Marketing Name
- Pinchot Arms
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 120 x 150
- Year Built
- 1958
- Total # of Units
- 12
- # of Buildings
- 3
- Zoning
- m-h r4
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
- Elementary School
- Loma Linda Elementary School
- Jr. High School
- Loma Linda Elementary School
- High School
- Camelback High School
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- 24th Street & Indian School Road
- Directions
- South on 24th Street to Pinchot. Turn Right or West on Pinchot. Complex is on North Side. No Sign on Property, Do Not Walk Complex. Inspections with Accepted Offer.
Status Change Info
- Off Market Date
- 2023-12-08
- Under Contract Date
- 2023-12-08
- Close of Escrow Date
- 2024-02-16
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 27
More Information
Income Expenses
- Gross Annual Sch Inc
- 203460
- Net Operating Income
- 159667
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 1250
- Avg SqFt
- 689
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 8
- Avg Rent
- 1495
- Avg SqFt
- 833
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 602-390-8088
Sold Info
- Loan Type
- Cash
- Payment Type
- Fixed
- 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
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
- Rolled
- Yes
Floors
- Vinyl
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 600
- Annual Gas Exp
- 0
- Annual Ins Exp
- 8000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 2700
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 3000
- Annual Mgmt Exp
- 14400
- Annual Trash Exp
- 3000
- Annual Wtr/Swr Exp
- 6000
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 44393
- Other Income
- 600
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 204060
- Total Monthly Rental Income
- 17810
Pmt & Rate Info
- Cap Rate
- 5.91
- Down Payment
- 0
- Equity
- 2700000
- 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
- Barbecue
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Sidewalk(s)
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Microwave
- Yes
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- <1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- No Carry
- Yes
- 1031 Exchange
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- 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
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Super Fund/WQARF/DOD
- 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:
5 - 12 Units
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition; Rolled
Floors:
Vinyl; Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool; Barbecue
Exterior Amenities:
Landscape Water System; Sidewalk(s)
Interior Features:
Unfurnished
Appliances Included:
Free-Standing Range; Refrigerator; Microwave
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
None
Parking Features:
<1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Projected Proforma
Showing Notification Methods:
Phone Call
Lockbox Type:
None
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
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:
No Carry; 1031 Exchange; Other (See Remarks)
Environmental:
Super Fund/WQARF/DOD
Listing Office:
West USA Realty
Last Updated: February - 17 - 2024
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