2336 N 46th Street, Phoenix, AZ 85008 (MLS# 6100795)

2336 N 46th Street, Phoenix, AZ 85008

$2,610,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,610,000 Last Modified: 2/24/2025

Overview

Description

Sale includes 12 units comprised of (3) buildings/parcels located at 2336, 2342 & 2520 N 46th Street. All buildings must be sold together. An additional fourplex is also available for sale. It is located at 11244 N Saguaro Blvd in Fountain Hills (contact listing agent for more info). The Stills sits in an extremely popular part of Phoenix and features mid-century, block construction. The property is fully remodeled with attractive open space and the units are all very large with (9) 2-bed / 2-bath units (very rare for a vintage property) and (3) 1-bed / 1-bath units. The property was completely updated, top-to-bottom. The Stills features completely updated exteriors with beautifully installed landscaping and lighting. Full interior upgrades were completed with new flooring, fixtu

Supplements: ...were completed with new flooring, fixtures, bathrooms, stainless-steel appliances, custom cabinets, and hard surface countertops. Each unit has its own interior washer / dryer. New electrical switches and outlets were added along with new lighting, fans, and thermostats throughout. The finishes are above average and offer a luxury feel to prospe ... (Read more)

Listing Details MLS# 6100795

Location, Tax & Legal

Map Code/Grid: P36
House Number: 2336
Compass: N
Street Name: 46th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Country: US
County Code: Maricopa
Assessor Number: 126-08-007
Tax Year: 2019
Assessor's Map #: 8
Assessor's Parcel #: 7
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 5402.32
Legal: LOT 5 THOMAS MALL SUBDIVISION MCR 010417
Marketing Name: The Stills

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 100x114
Year Built: 1964
Total # of Units: 12
# of Buildings: 3
Zoning: R-3
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 44th Street & Thomas
Directions: East on Thomas, South on 46th Street, properties on West side of 46th Street

Status Change Info

Off Market Date: 2020-08-25
Under Contract Date: 2020-07-23
Close of Escrow Date: 2020-09-30

Legal Info

Lot Number: 5, 6 & 9

More Information

Income Expenses

Gross Annual Sch Inc: 205200
Net Operating Income: 154986

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 1145
Avg SqFt: 757
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 9
Avg Rent: 1362.33
Avg SqFt: 967
# Baths: 2

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

5 - 12 Units: Yes
Other (See Remarks): Yes

Construction

Block: Yes
Other: Yes

Const - Finish

Painted: Yes
Other (See Remarks): Yes

Roofing

Other: Yes

Floors

Other: Yes

Sale Includes

Land & Building: Yes
Personal Property: Yes
Laundry Equipment: Yes
Other (See Remarks): Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 43532
Operating Exp: 48934.32
Other Income: 9913
Vacancy Allowance: 0.06
Adjusted Gross Inc: 202206.22

Pmt & Rate Info

Cap Rate: 5.38
Equity: 2880000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Other: Yes
See Remarks: Yes

Heating

Electric: Yes
Individual: Yes
Other: Yes
See Remarks: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Individual: Yes
Other: Yes
See Remarks: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Washer/Dryer: Yes
W/D Hookup: Yes
Other: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes
Other: Yes

Electric

SRP: Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
Other: Yes

New Financing

Other (See Remarks): Yes

Special

Owner/Agent: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Other (See Remarks): 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; Other (See Remarks) Construction: Block; Other Const - Finish: Painted; Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Features: No Pool; Other; See Remarks Appliances Included: Washer/Dryer; W/D Hookup; Other Heating: Individual; Other; See Remarks Cooling: Ceiling Fan(s); Electric; Individual; Central Air; Other; See Remarks Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP Gas: Other (See Remarks) Parking Features: 1 Space/Unit; Other Road Surface Type: Asphalt; Concrete Owner Pays: Water; Trash Collection; Landscaping; Other Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Special: Owner/Agent Showing Notification Methods: Text Lockbox Type: None New Financing: Other (See Remarks) Environmental: Other (See Remarks)

Listing Office: ABI Multifamily

Last Updated: February - 24 - 2025