3400 W Grand Ave Avenue, Phoenix, AZ 85017
$2,300,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$2,300,000
Last Modified:
2/27/2018
Overview
Description
Listing Details MLS# 5267526
Location, Tax & Legal
- Map Code/Grid
- P33
- House Number
- 3400
- Compass
- W
- Street Name
- Grand Ave
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85017
- Country
- US
- County Code
- Maricopa
- Subdivision
- Long Legal
- Assessor Number
- 108-02-008-L
- Tax Year
- 2014
- Assessor's Map #
- 2
- Assessor's Parcel #
- 8
- Assessor Parcel Ltr
- L
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Taxes
- 30469
- Legal
- Long Legal
- Marketing Name
- Grand Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- irregular
- Year Built
- 1971
- Uncvrd Parking Spcs
- 140
- Total # of Units
- 134
- # of Buildings
- 3
- Zoning
- C-3
- Elementary School District
- Phoenix Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- Grand Ave and 3400 N/W
- Directions
- Grand Avenue to property at 3400 Northwest Grand Ave
Status Change Info
- Off Market Date
- 2015-07-25
- Under Contract Date
- 2015-07-25
- Close of Escrow Date
- 2015-07-25
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 26
- Block
- 1011
- Lot Number
- L
More Information
Income Expenses
- Gross Annual Sch Inc
- Yes
- Net Operating Income
- 209000
Efficiency Units
- # Efficiency Units
- 94
- Avg Rent
- 300
- Avg SqFt
- 400
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 20
- Avg Rent
- 400
- Avg SqFt
- 500
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 20
- Avg Rent
- 500
- Avg SqFt
- 600
- # Baths
- Yes
3 Bedrooms Units
- # Baths
- Yes
- Avg Rent
- 0
4 Bedrooms Units
- # Baths
- Yes
- Avg Rent
- 0
Contact Info
- List Agent Home Phn
- 623-247-0254
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
- 100+ Units
- Yes
Other Type
- Hotel/Motel
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
- Steel Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 1
- Annual Gas Exp
- 1
- Annual Ins Exp
- 1
- Annual Land Lse Exp
- 1
- Annual Landscape Exp
- 1
- Annual Legal & Acctg
- 17084
- Annual Maint Exp
- 1
- Annual Mgmt Exp
- 1
- Annual Trash Exp
- 1
- Annual Wtr/Swr Exp
- 1
- Owner Association
- No
- Annual Ownr Asoc Fee
- 1
- Annual PAD Fee
- 1
- Annual Rplcmnt Rsrvs
- 1
- Annual Other Expense
- 584
- Operating Exp
- 48149
- Other Income
- 240763
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 228725.8
Pmt & Rate Info
- Cap Rate
- 7.21
- Down Payment
- 2900000
- Equity
- 2900000
- 1st Encumbrance
- 0
- Down Payment %
- 2900000
- Monthly Payments
- 0
- 1st Interest Rate
- 0
- 1st Payment
- 0
- 1st Payment Freq
- None
- 2nd Encumbrance
- 0
- 2nd Payment
- 0
- 2nd Payment Freq
- None
- 3rd Encumbrance
- 0
- 3rd Payment
- 0
- 3rd Payment Freq
- None
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Manager Res/Office
- Yes
Heating
- Heat Pump
- Yes
- Wall Furnace
- Yes
- Electric
- Yes
- Window/Wall Unit(s)
- Yes
Cooling
- Heat Pump
- Yes
- Window/Wall Unit
- Yes
- Individual
- Yes
Exterior Amenities
- Curb(s) & Gutter(s)
- Yes
- Sidewalk(s)
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
- None
- Yes
- Other (See Remarks)
- Yes
Appliances Included
- Disposal
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Access Type
- Dedicated Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Tax Return
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
- Sewer-In & Connected
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- None
- Yes
New Financing
- No Carry
- Yes
- 1031 Exchange
- Yes
- Trade
- Yes
- Affordable Housing
- Yes
Special
- Have First Right
- 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
- Sch of Personal Prop
- Yes
- Other (See Remarks)
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Property Features
Project Type:
100+ Units
Other Type:
Hotel/Motel
Construction:
Block; Wood Frame; Steel Frame
Const - Finish:
Painted; Stucco
Roofing:
Composition
Floors:
Concrete; Ceramic Tile; Carpet
Sale Includes:
Land & Building; Personal Property; Laundry Equipment
Community Features:
Manager Res/Office
Exterior Amenities:
Curb(s) & Gutter(s); Sidewalk(s)
Appliances Included:
Built-In Range; Refrigerator; Disposal; Microwave
Heating:
Heat Pump; Window/Wall Unit(s); Wall Furnace
Cooling:
Heat Pump; Window/Wall Unit; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public; Sewer-In & Connected
Electric:
APS
Gas:
SW Gas
Parking Features:
>1 Space Per Unit
Road Access Type:
Dedicated Street
Road Surface Type:
Asphalt
Owner Pays:
None
Tenant Pays:
Water; Sewer; Electricity; Trash Collection; Cable TV; Landscaping; Pool Maintenance; None; Other (See Remarks)
Source of Fincl Data:
Owner; Tax Return
Special:
Have First Right
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:
No Carry; 1031 Exchange; Trade; Affordable Housing
Environmental:
None
Listing Office:
Realty ONE Group
Last Updated: February - 27 - 2018
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.