4128 N 10TH Street, Phoenix, AZ 85014

$1,200,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,200,000 Last Modified: 1/01/2025

Overview

Description

Central Park Villas is a Single Story, Garden-Style, Multifamily Community located in Midtown Phoenix. It is near Phoenix Children’s Hospital, Arizona Heart Hospital and positioned amid boutiques and popular eateries. Conveniently only one-mile from State Route 51 and less than one-mile from the Central Avenue Corridor, which serves as the main connection between Uptown/Midtown to Downtown Phoenix and is one of Phoenix’s most vital and heavily trafficked stretches of roadway. The Valley Metro light rail operates along Central Avenue spanning 4.3 miles from Camelback Road to Jefferson Street. The Indian School/Central station is the nearest stop to Central Park Villas and is located 0.8 miles west of the property. The Valley Metro light rail services more than 50,000+ people daily & (more)

Supplements: represents one of the most significant and ongoing developments in the Phoenix MSA. It is a short distance from The Sky Harbor Airport and within a one-mile radius there are several schools, parks, The Phoenix Country Club and the VA Medical Center. The Pride of Ownership is easy to detect, in this property which consists of (six) ...

Listing Details MLS# 5704886

Location, Tax & Legal

Map Code/Grid
P34
House Number
4128
Compass
N
Street Name
10TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85014
Zip4
4732
Country
US
County Code
Maricopa
Subdivision
CHESTERFIELD PLACE
Assessor Number
155-17-063
Tax Year
2017
Assessor's Map #
17
Legal Description (Abbrev)
LOT 13 BLOCK 2 CHESTERFIELD PLACE MCR 000607
Assessor's Parcel #
63
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
108601
Taxes
3432
Legal
LOT 13 BLOCK 2 CHESTERFIELD PLACE MCR 000607
Marketing Name
Central Park Villas

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
303x96
Year Built
1966
Uncvrd Parking Spcs
5
Total # of Units
10
# of Buildings
4
Zoning
MultiFamily
Elementary School District
Osborn Elementary District
High School District
Phoenix Union High School District
Elementary School
Longview Elementary School
Jr. High School
Osborn Middle School
High School
North High School

Remarks Misc

Cross Street
Indian School Road and 10th Street
Directions
North on 10th Street from Indian School Road, property is on the left / west side of the road

Status Change Info

Off Market Date
2018-03-17
Under Contract Date
2018-02-08
Close of Escrow Date
2018-03-30

Legal Info

Township
2N
Range
3E
Section
21
Block
2
Lot Number
13

More Information

Income Expenses

Gross Annual Sch Inc
98796
Net Operating Income
78296

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
718
Avg SqFt
707
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
939
Avg SqFt
950
# 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

5 - 12 Units
Yes

Other Type

House + Rental Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Wood
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
1000
Annual Gas Exp
0
Annual Ins Exp
2100
Annual Land Lse Exp
0
Annual Landscape Exp
2100
Annual Legal & Acctg
0
Annual Maint Exp
3500
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
7000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
19132
Other Income
1520
Vacancy Allowance
0.03
Adjusted Gross Inc
97306.52
Total Monthly Rental Income
8233

Pmt & Rate Info

Cap Rate
5.13
Down Payment
0
Equity
1525000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Separate Storage
Yes
Security Light(s)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
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

Garage
Yes
On Street
Yes
Paved
Yes
Assigned
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
No Carry
Yes
1031 Exchange
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Other Type: House + Rental Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Wood; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Cable TV Available; Separate Storage; Security Light(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave Heating: Heat Pump Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Garage; On Street; Assigned; Paved 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; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Keller Williams Arizona Realty
Last Updated: January - 01 - 2025
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