4322 N 13TH Place A, Phoenix, AZ 85014 (MLS# 6102083)

4322 N 13TH Place A, Phoenix, AZ 85014

$3,070,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,070,000 Last Modified: 1/02/2024

Overview

Description

Named after its uniqueness and beauty, ''Aviara'' is a 16 unit complex that has been completed renovated with the latest trends in colors and décor. Built in 1985, the unit mix consists of 11 (2 bed/2 bath) units and 5 (2 bed/1.5 bath) units. Unit sizes are large at nearly 1,000 sqft. each. Just a few features include all new flooring and appliances, fresh paint, in-unit washer and dryers, walk-out patios on the lower level units and carport parking with plentiful visitor parking. Also, this complex is gated which is becoming a more sought-after feature by residents in search of great communities. The extensive renovations combined with desert landscaping keeps expenses very minimal and also provides for an investment property that is easy to operate. Adding to this community's

Supplements: appeal,"Aviara" is centrally located in Uptown Phoenix bordering the very popular Central Corridor. Located near the renown Biltmore District, shopping and dining are abundant which accommodates every person's taste. Major local employers include Phoenix Children's Hospital, Banner Health, JP Morgan Chase and the VA Medical Center. Access to downto ... (Read more)

Listing Details MLS# 6102083

Location, Tax & Legal

Map Code/Grid: P34
House Number: 4322
Compass: N
Street Name: 13TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4572
Country: US
County Code: Maricopa
Subdivision: MEADOWBROOK TRACT BLK 1
Assessor Number: 155-08-038-A
Tax Year: 2019
Unit #: A
Assessor's Map #: 8
Legal Description (Abbrev): MEADOWBROOK TR MCR 7-9 LOT 15 BLK 3 W 90F
Assessor's Parcel #: 38
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108602
Taxes: 8414
Legal: MEADOWBROOK TR MCR 7-9 LOT 15 BLK 3 W 90F
Marketing Name: Aviara

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Unknown
Year Built: 1985
Uncvrd Parking Spcs: 8
Total # of Units: 16
# of Buildings: 4
Zoning: Multi-Units
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: Camelback & 16th St.
Directions: South on 16th St. to Campbell Ave; West on Campbell Ave to 13th Place; South on 13th Place to complex. The complex is on the West side.

Status Change Info

Off Market Date: 2020-11-17
Under Contract Date: 2020-09-03
Close of Escrow Date: 2020-11-20

Legal Info

Township: 2N
Range: 3E
Section: 21
Block: 3
Lot Number: 15

More Information

Income Expenses

Gross Annual Sch Inc: 255156
Net Operating Income: 184438

2 Bedroom Units

# 2 Bedroom Units: 16
Avg Rent: 1329
Avg SqFt: 962
# Baths: 2

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

13 - 24 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes
Foam: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 600
Annual Gas Exp: 0
Annual Ins Exp: 4800
Annual Land Lse Exp: 0
Annual Landscape Exp: 2400
Annual Legal & Acctg: 0
Annual Maint Exp: 8000
Annual Mgmt Exp: 12120
Annual Trash Exp: 4027
Annual Wtr/Swr Exp: 15653
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 56014
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 242398.2

Pmt & Rate Info

Cap Rate: 5.9
Equity: 3125000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
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
Free: Yes
On Street: Yes
<1 Space Per Unit: Yes
Paved: Yes
Add'l Parking Avail: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

None: 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: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile; Foam Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Heat Pump Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; On Street; <1 Space Per Unit; Add'l Parking Avail; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Phone Call New Financing: Conventional Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: January - 02 - 2024