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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
Supplements: ... (Read more) 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 area. This 100% Occupied Property will be a Great Addition to an Investor's Portfolio or would serve as an Ideal, Pride of Ownership Opportunity for a new investor entering the market.
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
Listing Office:
Keller Williams Arizona Realty
Last Updated: January - 05 - 2025
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