3002 N 40TH Street, Phoenix, AZ 85018
$2,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,000,000
Last Modified:
1/19/2025
Overview
Description
Listing Details MLS# 5834014
Location, Tax & Legal
- Map Code/Grid
- P35
- House Number
- 3002
- Compass
- N
- Street Name
- 40TH
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85018
- Zip4
- 7159
- Country
- US
- County Code
- Maricopa
- Subdivision
- EAST CITRUS ACRES PLAT C
- Assessor Number
- 127-21-056-A
- Tax Year
- 2018
- Assessor's Map #
- 21
- Legal Description (Abbrev)
- LOT 164 EAST CITRUS ACRES PLAT C MCR 002023
- Assessor's Parcel #
- 56
- Assessor Parcel Ltr
- A
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 110902
- Taxes
- 7328.58
- Legal
- LOT 164 EAST CITRUS ACRES PLAT C MCR 002023
- Marketing Name
- Casa Sunrise
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 41561.
- Year Built
- 1962
- Uncvrd Parking Spcs
- 3
- Total # of Units
- 14
- # of Buildings
- 3
- Zoning
- R-3
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 40th St & Thomas
- Directions
- Thomas to 40th Street, N on 40th St to Casa Sunrise on west side of 40th St.
Status Change Info
- Off Market Date
- 2019-05-22
- Under Contract Date
- 2019-05-13
- Close of Escrow Date
- 2019-07-03
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 25
- Lot Number
- 164
More Information
Income Expenses
- Gross Annual Sch Inc
- 137476
- Net Operating Income
- 90985
1 Bedroom Units
- # 1 Bedroom Units
- 5
- Avg Rent
- 731
- Avg SqFt
- 700
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 9
- Avg Rent
- 833
- Avg SqFt
- 875
- # Baths
- 15
Sold Info
- Loan Type
- Cash to Loan
- Loan Years
- 30
- 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
- Siding
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 1959
- Annual Gas Exp
- 750
- Annual Ins Exp
- 3663
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 2589
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 3551
- Annual Mgmt Exp
- 9623
- Annual Trash Exp
- 2518
- Annual Wtr/Swr Exp
- 8029
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 2356
- Operating Exp
- 42366.58
- Other Income
- 0
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 133351.72
- Total Monthly Rental Income
- 133352
Pmt & Rate Info
- Cap Rate
- 4.33
- Down Payment
- 0
- Equity
- 2100000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
Heating
- Natural Gas
- Yes
- Central
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Partially Fenced
- Yes
- Cable TV Available
- Yes
- Sidewalk(s)
- Yes
- Patio/Balcony
- Yes
- Separate Storage
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Vertical Blinds
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Access Type
- Dedicated Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Assigned
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
- Individual Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Cash to Loan
- Yes
- Conventional
- Yes
- No 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
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- 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:
13 - 24 Units
Construction:
Block
Const - Finish:
Painted; Siding
Roofing:
Composition
Floors:
Ceramic Tile; Carpet
Sale Includes:
Land & Building; Laundry Equipment
Community Features:
Pool
Exterior Amenities:
Landscape Water System; Partially Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage
Interior Features:
Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Natural Gas; Central
Cooling:
Electric; Central Air
Water Source:
City Franchise; Master Meter
Sewer:
Sewer - Public; Sewer-In & Connected
Electric:
APS
Gas:
SW Gas; Individual Meter
Parking Features:
Carport; >1 Space Per Unit; Assigned; Paved
Road Access Type:
Dedicated Street
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays:
Electricity; Gas; Cable TV
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:
Cash to Loan; Conventional; No Carry; 1031 Exchange
Environmental:
None
Listing Office:
Invest Southwest
Last Updated: January - 19 - 2025
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