3734 W CAMELBACK Road, Phoenix, AZ 85019

$2,240,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,240,000 Last Modified: 1/03/2024

Overview

Description

Apartment complex with 32 units.

Listing Details MLS# 5719172

Location, Tax & Legal

Map Code/Grid
N33
House Number
3734
Compass
W
Street Name
CAMELBACK
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85019
Country
US
County Code
Maricopa
Assessor Number
145-14-007
Tax Year
2017
Assessor's Map #
14
Assessor's Parcel #
7
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Taxes
10544
Legal
NA
Marketing Name
commercial

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
NA
Year Built
1983
Uncvrd Parking Spcs
10
Total # of Units
32
# of Buildings
4
Zoning
MULTI
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
CAMELBACK & 37TH AVE
Directions
west on Camelback, property on right

Status Change Info

Off Market Date
2018-02-05
Under Contract Date
2018-02-05
Close of Escrow Date
2018-02-14

Income Expenses

Gross Annual Sch Inc
204000
Net Operating Income
130000

More Information

1 Bedroom Units

# 1 Bedroom Units
12
Avg Rent
450
Avg SqFt
575
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
20
Avg Rent
550
Avg SqFt
725
# Baths
Yes

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

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes

Sale Includes

Land & Building
Yes
Pool Equipment
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
1440
Annual Gas Exp
900
Annual Ins Exp
4500
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
32000
Annual Mgmt Exp
0
Annual Trash Exp
3800
Annual Wtr/Swr Exp
13000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
8500
Operating Exp
74684
Other Income
5000
Vacancy Allowance
8
Adjusted Gross Inc
1463000
Total Monthly Rental Income
17000

Pmt & Rate Info

Cap Rate
5.8
Down Payment
0
Equity
2240000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Electric
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Desert Landscaping
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

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

New Financing

Conventional
Yes
Wraparound
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted; Stucco Roofing: Built-Up Floors: Concrete Sale Includes: Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator Heating: Other; See Remarks Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: 1 Space/Unit; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity Source of Fincl Data: Projected Proforma Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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: Conventional; Wraparound Environmental: None
IDX
Listing Office: West USA Realty
Last Updated: January - 03 - 2024
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