3358 N 15TH Avenue, Phoenix, AZ 85015

$1,475,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,475,000 Last Modified: 1/05/2025

Overview

Description

Priced to Sell! 17 Unit Turn Key 2 story Apartment Complex Built of Block Construction, Pitched Roofs and Individually Metered for Electricity. Great Unit Mix for the Area Renter Pool, which is Comprised of Two-Bedroom, One-Bedroom and 2 Studio Floor Plans. Most of the units contain Updated Kitchens with Newer Appliances and Cabinets, Tile and Durable Laminate Flooring, Newer Carpeting, Newer Paint In and Out, Updated Wiring, Copper Plumbing. The Property has been Very Well Maintained. Pride of Ownership from the Same Owner for over the last 17 Years! Newer Balcony and Stair Railings. The Roof is 10 Years Young. Covered Parking with Steel Roofs. Coin Operated Laundry Provided for the Tenants. Great Corner Location, next to The Phoenix College and is a short distance from The Sky Harb

Supplements: and within a One-Mile radius there are Several Schools, Parks, Golf Courses, The Phoenix Country Club and the VA Medical Center. The Seventeen on 15th offers an investor the opportunity to acquire a very well maintained and efficiently managed community, due to its consistent occupancy, stable income and improving demographics in the surrounding a ...

Listing Details MLS# 5729295

Location, Tax & Legal

Map Code/Grid
P34
House Number
3358
Compass
N
Street Name
15TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85015
Zip4
5860
Country
US
County Code
Maricopa
Subdivision
COLLEGE HOMES
Assessor Number
110-27-001
Tax Year
2017
Assessor's Map #
27
Legal Description (Abbrev)
LOT 1 COLLEGE HOMES MCR 003907
Assessor's Parcel #
1
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
110400
Taxes
4198
Legal
Supplied by Title
Marketing Name
Seventeen on 15th

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1958
Uncvrd Parking Spcs
Yes
Total # of Units
17
# of Buildings
Yes
Zoning
MULTI
Elementary School District
Osborn Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
OSBORN & 15TH AVE,
Directions
SOUTHWEST CORNER OF OSBORN AND 15TH AVE

Status Change Info

Off Market Date
2018-07-12
Under Contract Date
2018-04-02
Close of Escrow Date
2018-07-11

Legal Info

Township
2N
Range
3E
Section
30
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
114888
Net Operating Income
90540.12

Efficiency Units

# Efficiency Units
2
Avg Rent
425
Avg SqFt
400
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
11
Avg Rent
560
Avg SqFt
635
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
673
Avg SqFt
770
# Baths
Yes

Sold Info

Loan Type
Conventional
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

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
4441
Annual Gas Exp
521
Annual Ins Exp
2800
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
2400
Annual Mgmt Exp
6986.88
Annual Trash Exp
1409
Annual Wtr/Swr Exp
3152
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
25907.88
Other Income
1560
Vacancy Allowance
0
Adjusted Gross Inc
116448
Total Monthly Rental Income
9574

Pmt & Rate Info

Cap Rate
6.04
Down Payment
0
Equity
1498000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes
Window/Wall Unit
Yes

Exterior Amenities

Desert Landscaping
Yes
Cable TV Available
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
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

Carport
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
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: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Cable TV Available; Security Light(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Cooling: Electric; Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Owner/Agent Existing 1st Loan: Conventional 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: Conventional Environmental: None
IDX
Listing Office: Keller Williams Arizona Realty
Last Updated: January - 05 - 2025
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