4128 N 22nd Street, Phoenix, AZ 85016

$1,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,600,000 Last Modified: 4/19/2022

Overview

Description

CALL FOR OFFERS DATE MONDAY FEBRUARY 13th, 2017. Rincon 22 Apartments is an 11-unit single story community located in the desirable Biltmore Corridor. Seller recently completed a total renovation of the property and then lease-up. Property currently 100% occupied. Seller replaced the following during renovation: roof, HVAC systems, electrical panels, cabinets & countertops, appliances, windows, doors, and flooring. Each unit has in-suite laundry.

Listing Details MLS# 5557045

Location, Tax & Legal

Map Code/Grid
P35
House Number
4128
Compass
N
Street Name
22nd
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85016
Country
US
County Code
Maricopa
Assessor Number
163-32-019
Tax Year
2016
Building Number
4128
Assessor's Map #
32
Assessor's Parcel #
19
Add'l Parcels
No
Tax Municipality
Maricopa - CITY
Taxes
6192
Legal
Lot 19, Block 1, of East Morningside, According to plat of record in the Office of MCR, Book 17 of Maps, Page 9
Marketing Name
Rincon 22

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
291'x100'
Year Built
1970
Uncvrd Parking Spcs
4
Total # of Units
11
# of Buildings
2
Zoning
R-3
Elementary School District
Madison Elementary District
High School District
Phoenix Union High School District
Elementary School
Madison Camelview Elementary
Jr. High School
Madison Meadows School
High School
Camelback High School

Status Change Info

Off Market Date
2017-02-20
Under Contract Date
2017-02-19
Close of Escrow Date
2017-03-31

Legal Info

Lot Number
19

More Information

2 Bedroom Units

# 2 Bedroom Units
11
Avg Rent
1095
Avg SqFt
810
# Baths
Yes

Contact Info

List Agent Home Phn
480-361-3550
List Agent Cell Phn2
480-369-4655

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

5 - 12 Units
Yes

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Concrete
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
6192
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Down Payment
0
Equity
1675000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Desert Landscaping
Yes
Partially Fenced
Yes
Satellite Dish
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Trash Compactor
Yes
Washer/Dryer
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes
Assigned
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
No Carry
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
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

Boundary Survey Avlb
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Phase I Available
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: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Satellite Dish; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Trash Compactor; Microwave; Washer/Dryer Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: Carport; >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Special: Owner/Agent Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable 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 Environmental: Phase I Available
IDX
Listing Office: CPG Realty Advisors, LLC
Last Updated: April - 19 - 2022
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