7200 N 34TH Avenue, Phoenix, AZ 85051

$1,100,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,100,000 Last Modified: 11/18/2019

Overview

Description

Rare opportunity to own this Investment property with 8- 1 bedroom 1 bath units and 2- 2 bedroom 2 bath units. Excellent history of occupancy stability and tenant base. All units are separately metered for utilities. Lush landscape covered individual carports and great curb appeal.

Listing Details MLS# 5981931

Location, Tax & Legal

Map Code/Grid
N33
House Number
7200
Compass
N
Street Name
34TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85051
Zip4
7414
Country
US
County Code
Maricopa
Subdivision
NORTHVIEW ACRES 2 31-50, 71-90, 122-156
Assessor Number
151-16-054-B
Tax Year
2019
Assessor's Map #
16
Legal Description (Abbrev)
LOT 135 NORTHVIEW ACRES 2 31-50, 71-90, 122-156 MCR 003608
Assessor's Parcel #
54
Assessor Parcel Ltr
B
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
105900
Taxes
2709
Legal
LOT 135 NORTHVIEW ACRES 2 31-50, 71-90, 122-156 MCR 003608
Marketing Name
GOKIE APARTMENTS LLC

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
38542
Year Built
1959
Total # of Units
10
# of Buildings
10
Zoning
[R1-6]
Elementary School District
Washington Elementary District
High School District
Glendale Union High School District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
35th Avenue and Orangewood
Directions
East on Orangewood south on 34th Avenue to property

Status Change Info

Off Market Date
2019-11-04
Under Contract Date
2019-10-16
Close of Escrow Date
2019-11-15

Legal Info

Township
2N
Range
2E
Section
2
Lot Number
135

More Information

Income Expenses

Net Operating Income
78000

1 Bedroom Units

# 1 Bedroom Units
8
Avg Rent
650
Avg SqFt
700
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
675
Avg SqFt
1000
# Baths
Yes

Contact Info

List Agent Home Phn
602-277-3013

Sold Info

Loan Type
Cash
Payment Type
Fixed
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

Roofing

Composition
Yes

Floors

Concrete
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
360
Annual Gas Exp
0
Annual Ins Exp
2500
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
1500
Annual Maint Exp
4000
Annual Mgmt Exp
2000
Annual Trash Exp
0
Annual Wtr/Swr Exp
5400
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
1000
Operating Exp
19469
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Cap Rate
5.57
Down Payment
0
Equity
1400000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Payment Includes

Taxes
Yes
Insurance
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Electric
Yes

Exterior Amenities

Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
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
Irrigation
Yes
Submetered System
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
<1 Space Per Unit
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
Other (See Remarks)
Yes

Special

Estate Sale
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

Other (See Remarks)
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: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Concrete Sale Includes: Land & Building Payment Includes: Taxes; Insurance Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Microwave Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; Irrigation; Submetered System Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; <1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Special: Estate Sale 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: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: November - 18 - 2019
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