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
Overview
Listing Details MLS# 6462238
Location, Tax & Legal
- 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
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 124-33-066-B
- Tax Year
- 2022
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 23958 square feet
- Year Built
- 1960
- Uncvrd Parking Spcs
- 19
- Total # of Units
- 12
- # of Buildings
- 2
- Zoning
- R-3
- Elementary School District
- Tempe Elementary School District
- High School District
- Phoenix Union High School District
Status Change Info
- Off Market Date
- 2022-12-16
- Under Contract Date
- 2022-12-14
- Close of Escrow Date
- 2023-01-30
Legal Info
- Lot Number
- Yes
More Information
Income Expenses
- Gross Annual Sch Inc
- 195966
- Net Operating Income
- 150196
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
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
Const - Finish
- Painted
- Yes
- Brick Veneer
- Yes
Roofing
- Concrete
- Yes
- Foam
- Yes
Floors
- Concrete
- Yes
Sale Includes
- Land & Building
- Yes
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
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Wall Furnace
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Efficiency 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
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
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