3025 N 36TH Street, Phoenix, AZ 85018

$1,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,600,000 Last Modified: 11/30/2024

Overview

Description

PROPERTY TOURS BY APPOINTMENT ONLY. The Brisbane Apartments consist of three separate garden-style buildings containing 22 one-bed/one-bath units, 5 two-bed/one-bath units, 1 two-bed/two-bath unit, and 2 three-bedroom/two-bath units located on one tax parcel. There are three rental buildings of block construction with pitched composition roofing. The property offers amenities such as on-site laundry, a swimming pool, covered parking and a lush courtyard. Most units have tile in kitchens, hallways and bathrooms with full-size appliances. 17 of the total 30 units have been upgraded with tiled shower-tub surrounds, granite counter tops, new cabinets, new fixtures and appliances. The property is master-metered for electricity with central air-conditioning provided via main chiller & boiler

Listing Details MLS# 5352396

Location, Tax & Legal

Map Code/Grid
R38
House Number
3025
Compass
N
Street Name
36TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
6922
Country
US
County Code
Maricopa
Subdivision
CITRUS ACRES LOTS 21-60
Assessor Number
127-22-021
Tax Year
2015
Assessor's Map #
22
Legal Description (Abbrev)
CITRUS ACRES
Assessor's Parcel #
21
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
110902
Taxes
12612
Legal
CITRUS ACRES
Marketing Name
Brisbane Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
iregular
Year Built
1961
Uncvrd Parking Spcs
2
Total # of Units
30
# of Buildings
3
Zoning
M-H, R-4
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
Thomas Rd.
Directions
Thomas Road to 36th Street, north to property on east side of road

Status Change Info

Off Market Date
2015-12-05
Under Contract Date
2015-12-02
Close of Escrow Date
2015-12-15

Legal Info

Township
2N
Range
3E
Section
25
Lot Number
15

More Information

Income Expenses

Net Operating Income
139373

1 Bedroom Units

# 1 Bedroom Units
22
Avg Rent
650
Avg SqFt
590
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
6
Avg Rent
750
Avg SqFt
805
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
2
Avg Rent
875
Avg SqFt
1023
# Baths
2

Contact Info

List Agent Home Phn
602-243-7499

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

25 - 50 Units
Yes

Construction

Block
Yes
Brick
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
22380
Annual Gas Exp
7200
Annual Ins Exp
7200
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
2179
Annual Maint Exp
8000
Annual Mgmt Exp
10500
Annual Trash Exp
3095
Annual Wtr/Swr Exp
25000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
2300
Other Income
6800
Vacancy Allowance
0.05
Adjusted Gross Inc
6460

Pmt & Rate Info

Cap Rate
7.35
Down Payment
1895000
Equity
1895000
Down Payment %
100
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes
Barbecue
Yes

Heating

Natural Gas
Yes
Central
Yes

Cooling

Chiller System
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Cable TV Available
Yes
Security Light(s)
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

None
Yes

Appliances Included

Dishwasher
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes
Concrete
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes
Pool Maintenance
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

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

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 25 - 50 Units Construction: Block; Brick Const - Finish: Painted Roofing: Composition Floors: Concrete; Ceramic Tile; Carpet Sale Includes: Land & Building; Laundry Equipment Community Features: Pool; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher Heating: Natural Gas; Central Cooling: Chiller System Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt; Concrete Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: None Source of Fincl Data: Owner; Projected Proforma Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: 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: Other (See Remarks) Environmental: None
IDX
Listing Office: Kasten Long Commercial Group
Last Updated: November - 30 - 2024
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