3822 N 28TH Street, Phoenix, AZ 85016

$2,800,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,800,000 Last Modified: 4/22/2019

Overview

Description

A rare rental property located right at 28th Street, just South of Indian School. Near to one of the hottest entertainment areas in Phoenix. This is one of the only properties in the area available for purchase. The complex has had many upgrades and always stays full. There is a beautiful landscaped courtyard , with pool, in the middle of the complex. Covered parking , and private backyards with storage closets. All of the interiors have a stackable washer/dryer and ceramic and carpet floors. In todays exciting rental market, this property offers many different options to a buyer, each one providing great returns and upside.

Listing Details MLS# 5499127

Location, Tax & Legal

Map Code/Grid
P35
House Number
3822
Compass
N
Street Name
28TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85016
Zip4
6817
Country
US
County Code
Maricopa
Assessor Number
119-03-070-D
Tax Year
2015
Assessor's Map #
3
Legal Description (Abbrev)
N2 SE4 NE4 NW4 EX N 165' & EX W 165' & EX E 30' RD & ALSO E 15' OF W 180' OF S 85' OF N 165' OF N2
Assessor's Parcel #
70
Assessor Parcel Ltr
D
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
110801
Taxes
11338
Legal
N2 SE4 NE4 NW4 EX N 165' & EX W 165' & EX E 30' RD & ALSO E 15' OF W 180' OF S 85' OF N 165' OF N2
Marketing Name
Estancia

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1971
Uncvrd Parking Spcs
28
Total # of Units
28
# of Buildings
3
Zoning
R-3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
28th Street and Indian School Rd
Directions
South on 28th Street from Indian School, property is on West side of Street

Status Change Info

Off Market Date
2017-03-17
Under Contract Date
2017-02-01
Close of Escrow Date
2017-03-21

Legal Info

Township
2N
Range
3E
Section
26

More Information

2 Bedroom Units

# 2 Bedroom Units
28
Avg Rent
736
Avg SqFt
800
# Baths
Yes

Contact Info

List Agent Home Phn
602-703-5277

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

25 - 50 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11338
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
3000000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

Pool
Yes

Heating

Heat Pump
Yes

Cooling

Electric
Yes

Interior Features

Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
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
>1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Special

Owner/Agent
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

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom 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 Roofing: Composition Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool Interior Features: Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Heating: Heat Pump Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; >1 Space Per Unit 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: 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: Conventional Environmental: None
IDX
Listing Office: GPCI AZ
Last Updated: April - 22 - 2019
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.