825 N 2ND Avenue, Phoenix, AZ 85003
$1,500,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,500,000
Last Modified:
11/12/2024
Overview
Description
Listing Details MLS# 5169940
Location, Tax & Legal
- Map Code/Grid
- Q34
- House Number
- 825
- Compass
- N
- Street Name
- 2ND
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85003
- Zip4
- 1422
- Country
- US
- County Code
- Maricopa
- Subdivision
- CENTRAL CITY NEIGHBORHOOD
- Assessor Number
- 111-40-079
- Tax Year
- 2013
- Assessor's Map #
- 40
- Legal Description (Abbrev)
- BENNETT PLACE A-B-C, H-I-J
- Assessor's Parcel #
- 79
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 113100
- Taxes
- 9253
- Legal
- BENNETT PL N2 LOT 11 ALL LOT 13 & S2 OF LOT 15 BLK I
- Marketing Name
- HILTON APARTMENTS
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 100' x 140'
- Year Built
- 1954
- Uncvrd Parking Spcs
- 12
- Total # of Units
- 24
- # of Buildings
- Yes
- Zoning
- C-DT/ COMM DNTN
- Elementary School District
- Phoenix Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- Roosevelt and 2nd Avenue
- Directions
- DO NOT DISTURB TENANTS- ALL SHOWINGS MUST BE SCHEDULED WITH LISTING AGENT. 2ND AVENUE 1/4 BLOCK SOUTH OF ROOSEVELT
Status Change Info
- Off Market Date
- 2014-11-13
- Under Contract Date
- 2014-09-18
- Close of Escrow Date
- 2014-11-21
Legal Info
- Township
- 1N
- Range
- 3E
- Section
- 5
- Lot Number
- 11
More Information
Income Expenses
- Gross Annual Sch Inc
- 165120
- Net Operating Income
- 103157
Efficiency Units
- # Efficiency Units
- 20
- Avg Rent
- 561
- Avg SqFt
- 360
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 713
- Avg SqFt
- 570
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 602-243-7499
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- 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
- Concrete
- Yes
- Vinyl
- Yes
- Wood
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 3230
- Annual Gas Exp
- 4180
- Annual Ins Exp
- 3600
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1400
- Annual Legal & Acctg
- 1000
- Annual Maint Exp
- 11420
- Annual Mgmt Exp
- 8017
- Annual Trash Exp
- 4233
- Annual Wtr/Swr Exp
- 8160
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 3144
- Operating Exp
- 57637
- Other Income
- 3600
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 160284
Pmt & Rate Info
- Cap Rate
- 6.49
- Down Payment
- 1589000
- Equity
- 1589000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
- Window/Wall Unit(s)
- Yes
Cooling
- Window/Wall Unit
- Yes
Exterior Amenities
- Green Landscaping
- Yes
- Cable TV Available
- Yes
- Security Light(s)
- Yes
Interior Features
- Vertical Blinds
- Yes
- Shutters
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
- Concrete
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- On Street
- Yes
- <1 Space Per Unit
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Other (See Remarks)
- Yes
Special
- Owner/Agent
- Yes
Existing 1st Loan
- Other (See Rmks)
- 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
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
2 Bedroom 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:
Concrete; Vinyl; Wood; Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool; Barbecue
Exterior Amenities:
Green Landscaping; Cable TV Available; Security Light(s)
Interior Features:
Vertical Blinds; Shutters
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Window/Wall Unit(s)
Cooling:
Window/Wall Unit
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
On Street; <1 Space Per Unit
Road Surface Type:
Asphalt; Concrete
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Cable TV
Source of Fincl Data:
Owner
Special:
Owner/Agent
Existing 1st Loan:
Other (See Rmks)
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:
Other (See Remarks)
Environmental:
None
Documents
OFFERING MEMORANDUM ›
Listing Office:
Kasten Long Commercial Group
Last Updated: November - 12 - 2024
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