2602 W GLENROSA Avenue, Phoenix, AZ 85017
$1,910,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,910,000
Last Modified:
11/15/2024
Overview
Description
Listing Details MLS# 5191770
Location, Tax & Legal
- Map Code/Grid
- P33
- House Number
- 2602
- Compass
- W
- Street Name
- GLENROSA
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85017
- Zip4
- 4361
- Country
- US
- County Code
- Maricopa
- Subdivision
- Silk Tree Apartments
- Assessor Number
- 154-18-001
- Tax Year
- 2013
- Assessor's Map #
- 18
- Assessor's Parcel #
- 1
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 109001
- Taxes
- 11113
- Legal
- E 166' OF S2 SW4 NW4 SW4 & S 15' OF N2 SW4 NW4 SW4 EX W 58' &
- Marketing Name
- Silk Tree Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Irregular
- Year Built
- 1979
- Uncvrd Parking Spcs
- 75
- Total # of Units
- 71
- # of Buildings
- 7
- Zoning
- Commercial
- Elementary School District
- Alhambra Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 27th Ave & Glenrosa
- Directions
- West on Indian School from Hwy 17-North on 27th Ave from Indian School-Right/East on Glenrosa from 27th Ave-property on Left/North side of the street
Status Change Info
- Off Market Date
- 2015-02-04
- Under Contract Date
- 2015-01-06
- Close of Escrow Date
- 2015-03-20
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 24
More Information
Income Expenses
- Gross Annual Sch Inc
- 460020
- Net Operating Income
- 208708
Efficiency Units
- # Efficiency Units
- 46
- Avg Rent
- 485
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 22
- Avg Rent
- 585
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 3
- Avg Rent
- 695
- # 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
- 51 - 99 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Siding
- Yes
Roofing
- Composition
- Yes
- Rolled
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 41443
- Annual Gas Exp
- 0
- Annual Ins Exp
- 5885
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 612
- Annual Maint Exp
- 53234
- Annual Mgmt Exp
- 31514
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 28187
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 10000
- Annual Other Expense
- 0
- Operating Exp
- 181988
- Other Income
- 4110
- Vacancy Allowance
- 0.12
- Adjusted Gross Inc
- 408434.4
- Total Monthly Rental Income
- 38335
Pmt & Rate Info
- Cap Rate
- 10.49
- Down Payment
- 0
- Equity
- 1990000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
- Manager Res/Office
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Cooling
- Chiller System
- Yes
Exterior Amenities
- Fenced
- Yes
- Cable TV Available
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
- Security Guard
- Yes
- Security Light(s)
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- None
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- On Street
- Yes
- 1 Space/Unit
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Electric
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
- Landscaping
- Yes
New Financing
- 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
- Seller Prop Disc Stm
- 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:
51 - 99 Units
Construction:
Wood Frame
Const - Finish:
Painted; Siding
Roofing:
Composition; Rolled
Floors:
Vinyl; Carpet
Sale Includes:
Land & Building
Community Features:
No Pool; Manager Res/Office
Exterior Amenities:
Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Security Guard; Security Light(s)
Interior Features:
Unfurnished; Fire/Smoke Alarm(s)
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Other; See Remarks
Cooling:
Chiller System
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
On Street; 1 Space/Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Electric; Gas; Trash Collection; Cable TV; Landscaping
Tenant Pays:
None
Source of Fincl Data:
Owner
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:
Owner May Carry; 1031 Exchange
Environmental:
None
Listing Office:
Keller Williams Arizona Realty
Last Updated: November - 15 - 2024
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