4120 N 45th Place, Phoenix, AZ 85018

$1,700,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,700,000 Last Modified: 4/22/2019

Overview

Description

What an opportunity! - A completely renovated apartment complex in the prestigious Arcadia District of Phoenix! The complex has completely renovated interior units, including floors, fixtures, appliances, cabinets, etc., and a renovated exterior, including all new windows and a newer roof. There are simply no investment opportunities of this caliber in this highly sought after neighborhood. It has a great mix of units, including one 3-bedroom/1.5-bath, three 2-bedroom/1.5-baths, and six 1-bedroom/1-bath units. Achieved rents are outstanding!

Listing Details MLS# 5595449

Location, Tax & Legal

Map Code/Grid
P36
House Number
4120
Compass
N
Street Name
45th
St Suffix
Place
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Country
US
County Code
Maricopa
Subdivision
LOT 3 INDIAN ESTATES MCR 007741
Assessor Number
171-42-102
Tax Year
2016
Assessor's Map #
42
Assessor's Parcel #
102
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
3450
Legal
To be determined by title company
Marketing Name
Deveron Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
unknown
Year Built
1960
Total # of Units
10
# of Buildings
Yes
Zoning
R-4
Elementary School District
Scottsdale Unified District
High School District
Scottsdale Unified District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
44th Street & Indian School
Directions
44th Street & Indian School - East on Indian School - North on 45th Place

Status Change Info

Off Market Date
2017-11-03
Under Contract Date
2017-10-19
Close of Escrow Date
2017-12-22

Legal Info

Township
2N
Range
4E
Section
19
Lot Number
3

More Information

1 Bedroom Units

# 1 Bedroom Units
5
Avg Rent
995
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1295
Avg SqFt
764
# Baths
15

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1495
Avg SqFt
1131
# 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

5 - 12 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
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
3450
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
1890000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
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
1 Space/Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
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

Efficiency Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner 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: GPCI AZ
Last Updated: April - 22 - 2019
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