4351 N 36TH Street, Phoenix, AZ 85018

$2,025,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,025,000 Last Modified: 2/08/2024

Overview

Description

Income generating opportunity! Arcadia Beach Club. Welcome to a soothing beach vibe in the desert! This luxury villa has 4 units. (3) 1 bed 1 baths and (1) 3 bed 3 bath which features it's own private 50 foot long resort style pool with Baja shelf. Each unit has been completely remodeled with upgraded appliances and finishes.

Listing Details MLS# 6165433

Location, Tax & Legal

Map Code/Grid
P35
House Number
4351
Compass
N
Street Name
36TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85018
Zip4
4029
Country
US
County Code
Maricopa
Subdivision
EL DELADA
Assessor Number
170-26-159
Tax Year
2020
Assessor's Map #
26
Legal Description (Abbrev)
LOT 5 EL DELADA MCR 023126
Assessor's Parcel #
159
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
108302
Taxes
739
Legal
LOT 5 EL DELADA MCR 023126
Marketing Name
EL DELADA CONDOMINIUMS

Contract Info

Ownership
Condominium

General Property Description

Lot Size Dimensions
irr
Year Built
1964
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Creighton Elementary District
High School District
Phoenix Union High School District
Jr. High School
Creighton Elementary School
High School
Camelback High School
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
36th Street and Camelback
Directions
36th St to Turney. S/E corner of 36th St and Turney.

Status Change Info

Off Market Date
2021-07-10
Under Contract Date
2021-05-15
Close of Escrow Date
2021-07-09

Legal Info

Township
2N
Range
3E
Section
24
Lot Number
5

More Information

Income Expenses

Gross Annual Sch Inc
208000
Net Operating Income
152201

Efficiency Units

# Efficiency Units
4
Avg Rent
0

1 Bedroom Units

# 1 Bedroom Units
3
Avg SqFt
708
# Baths
Yes
Avg Rent
0

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg SqFt
2000
# Baths
3
Avg Rent
0

Sold Info

Loan Type
Conventional
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Gas Exp
0
Annual Land Lse Exp
0
Annual Legal & Acctg
0
Annual Mgmt Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
55060
Operating Exp
55799
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
208000

Pmt & Rate Info

Cap Rate
6.84
Down Payment
0
Equity
2225000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

Pool
Yes

Heating

Heat Pump
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes
2 or More Units
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Desert Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Furnished
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Built-In Range
Yes

Road Access Type

Alley
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Free
Yes
On Street
Yes
1 Space/Unit
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes
Other
Yes
See Remarks
Yes

New Financing

VA
Yes
Conventional
Yes
FHA
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

ALTA Survey Availbl
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

2 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Rolled Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Security Light(s) Interior Features: Furnished Appliances Included: Built-In Range Heating: Heat Pump; 2 or More Units Cooling: Ceiling Fan(s); Heat Pump; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: On Street; 1 Space/Unit; Assigned; Free Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None 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: VA; FHA; Conventional Environmental: None
IDX
Listing Office: Sterling Fine Properties
Last Updated: February - 08 - 2024
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