25 E EVA Street, Phoenix, AZ 85020

$1,315,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,315,000 Last Modified: 9/25/2015

Overview

Description

The Sierra is an attractive 22-unit apartment community located in a desirable north central Phoenix neighborhood. Built in 1960 and renovated in 2013, the property is made of block construction with built-up roofs, and is individually metered for electricity.

Supplements: The community has a unit mix consisting of studio, one-bedroom and two-bedroom floor plans that are spacious and well designed and average approximately 606 square feet. A portion of the units have been upgraded and include new ceramic tile flooring, countertops, cabinets, appliances and HVAC units. Additional unit amenities include fully appointe ...

Listing Details MLS# 5307625

Location, Tax & Legal

Map Code/Grid
M34
House Number
25
Compass
E
Street Name
EVA
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
2440
Country
US
County Code
Maricopa
Subdivision
MCEWEN TRACT
Assessor Number
159-47-007
Tax Year
2014
Assessor's Map #
47
Legal Description (Abbrev)
MC EWEN TRACT
Assessor's Parcel #
7
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
104600
Taxes
5911.32
Legal
MC EWEN TRACT
Marketing Name
The Sierra

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
30056
Year Built
1960
Total # of Units
22
# of Buildings
Yes
Zoning
C-3
Elementary School District
Washington Elementary District
High School District
Glendale Union High School District
Uncvrd Parking Spcs
0

Status Change Info

Off Market Date
2015-08-24
Under Contract Date
2015-08-14
Close of Escrow Date
2015-09-24

Legal Info

Township
3N
Range
3E
Section
29
Block
A
Lot Number
7

More Information

Income Expenses

Gross Annual Sch Inc
179004
Net Operating Income
82427

Efficiency Units

# Efficiency Units
6
Avg Rent
587
Avg SqFt
2304
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
8
Avg Rent
665
Avg SqFt
541
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
725
Avg SqFt
837
# Baths
Yes

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Conventional
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

13 - 24 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Foam
Yes

Floors

Ceramic Tile
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
59440
Other Income
3300
Vacancy Allowance
0.05
Adjusted Gross Inc
174009.17

Pmt & Rate Info

Down Payment
0
Equity
1
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes
Manager Res/Office
Yes
Barbecue
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Window/Wall Unit
Yes
Individual
Yes

Exterior Amenities

Green Landscaping
Yes
Fenced
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Vertical Blinds
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
Paved
Yes

Electric

Individual Meter
Yes

Gas

Master Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Foam Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Pool; Manager Res/Office; Barbecue Exterior Amenities: Green Landscaping; Fenced; Patio/Balcony; Security Light(s) Interior Features: Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Microwave Cooling: Ceiling Fan(s); Window/Wall Unit; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: Master Meter Parking Features: Carport; Paved Road Surface Type: Asphalt Owner Pays: Water; Gas Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed 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: September - 25 - 2015
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