626 S Wilson Street, Tempe, AZ 85281 (MLS# 6462238)

626 S Wilson Street, Tempe, AZ 85281

$2,400,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,400,000 Last Modified: 1/31/2023

More Information MLS# 6462238

Contract Info

Ownership: Fee Simple Current Price: $2,400,000 Sold Price: $2,400,000 Status: Closed List Date: 2022-09-10

Location, Tax & Legal

Assessor's Map #: 33 Assessor's Parcel #: 66 Assessor Parcel Ltr: B Add'l Parcels: No Tax Municipality: Tempe Taxes: 5026 Legal: LOT 1 E2 TR 11 .55 AC Marketing Name: Venture on Wilson Map Code/Grid: R36 House Number: 626 Compass: S Street Name: Wilson St Suffix: Street City/Town Code: Tempe State/Province: AZ Zip Code: 85281 County Code: Maricopa Assessor Number: 124-33-066-B Tax Year: 2022

General Property Description

# of Buildings: 2 Uncvrd Parking Spcs: 19 Lot Size Dimensions: 23958 square feet Total # of Units: 12 Elementary School District: Tempe Elementary School District High School District: Phoenix Union High School District Year Built: 1960 Zoning: R-3

Project Type

5 - 12 Units: 1

Construction

Block: 1

Const - Finish

Painted: 1 Brick Veneer: 1

Roofing

Concrete: 1 Foam: 1

Floors

Concrete: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 8294 Annual Ins Exp: 2500 Annual Landscape Exp: 2331 Annual Legal & Acctg: 2400 Annual Maint Exp: 8205 Annual Mgmt Exp: 9716 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Rplcmnt Rsrvs: 3600 Operating Exp: 42072 Other Income: 9916 Vacancy Allowance: 0.05 Adjusted Gross Inc: 195587.9

Pmt & Rate Info

Cap Rate: 4.88 Equity: 3075000 Down Payment %: 25 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Text: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Wall Furnace: 1

Cooling

Electric: 1 Individual: 1

Tenant Pays

Electricity: 1

Appliances Included

Built-In Range: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Conventional: 1 No Carry: 1 1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 10 Avg Rent: 1248 Avg SqFt: 576 # Baths: 10

2 Bedroom Units

# 2 Bedroom Units: 2 Avg Rent: 1495 Avg SqFt: 790 # Baths: 2

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

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

Remarks Misc

Geo Lat: 33.423302 Geo Lon: -111.946102

Status Change Info

Off Market Date: 2022-12-16 Under Contract Date: 2022-12-14 Close of Escrow Date: 2023-01-30 Sold Price: $2,400,000

Legal Info

Lot Number: 1

Income Expenses

Gross Annual Sch Inc: 195966 Net Operating Income: 150196

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted; Brick Veneer Roofing: Concrete; Foam Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range Heating: Wall Furnace Cooling: Electric; Individual Water Source: Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text Lockbox Type: None New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Marcus & Millichap

Last Updated: January - 31 - 2023