529 E MARIPOSA Street, Phoenix, AZ 85012

$2,150,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $2,150,000 Last Modified: 11/28/2024

Overview

Description

Bonfire is a newly renovated, modern boutique community in the heart of Central Phoenix. The community offers upscale interiors and bold gathering spaces and is just a short walk to the light rail, shopping and entertainment or the grocery store. The property is a 24-unit garden-style apartment community that was completely renovated and repositioned in 2013 with high end finishes. Built in 1964, the property is made of block construction with new pitched roofs and is individually-metered for electricity.

Supplements: Bonfire is a newly renovated, modern boutique community in the heart of Central Phoenix. The community offers upscale interiors and bold gathering spaces and is just a short walk to the light rail, shopping and entertainment or the grocery store. The property is a 24-unit garden-style apartment community that was completely renovated and repositio ...

Listing Details MLS# 5320012

Location, Tax & Legal

Map Code/Grid
P34
House Number
529
Compass
E
Street Name
MARIPOSA
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85012
Country
US
County Code
Maricopa
Subdivision
CAMELBACK SQUARE
Assessor Number
155-22-019
Tax Year
2014
Assessor's Map #
22
Legal Description (Abbrev)
CAMELBACK SQ
Assessor's Parcel #
19
Add'l Parcels
Yes
Tax Municipality
Maricopa - CITY
Census Tract
108802
Taxes
6639.76
Legal
CAMELBACK SQ
Marketing Name
Bonfire

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
30492
Year Built
1964
Total # of Units
24
# of Buildings
Yes
Zoning
r-4
Elementary School District
Osborn Elementary District
High School District
Phoenix Union High School District
Uncvrd Parking Spcs
0

Status Change Info

Off Market Date
2015-09-17
Under Contract Date
2015-09-17
Close of Escrow Date
2015-10-09

Legal Info

Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
244834
Net Operating Income
150064

1 Bedroom Units

# 1 Bedroom Units
14
Avg Rent
760
Avg SqFt
550
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
10
Avg Rent
920
Avg SqFt
800
# Baths
Yes

Contact Info

List Agent Home Phn
602-735-5634

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

13 - 24 Units
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Wood
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
76020
Other Income
0
Vacancy Allowance
0.04
Adjusted Gross Inc
235040.64

Pmt & Rate Info

Cap Rate
6.52
Down Payment
0
Equity
2300000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Individual
Yes

Cooling

Individual
Yes

Exterior Amenities

Green Landscaping
Yes
Patio/Balcony
Yes
Security Light(s)
Yes

Interior Features

Breakfast Bar
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes

Electric

Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes

New Financing

Conventional
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

Other (See Remarks)
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

None
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: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Wood Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Patio/Balcony; Security Light(s) Interior Features: Breakfast Bar Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Individual Cooling: Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) 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: CBRE, Inc
Last Updated: November - 28 - 2024
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