901-905 S 2nd Avenue, Phoenix, AZ 85003
$1,500,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,500,000
Last Modified:
12/22/2021
Overview
Description
Listing Details MLS# 6317122
Location, Tax & Legal
- Map Code/Grid
- Q34
- House Number
- 901-905
- Compass
- S
- Street Name
- 2nd
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85003
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 112-24-063
- Tax Year
- 2021
- Assessor's Map #
- 24
- Assessor's Parcel #
- 63
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Taxes
- 1980
- Legal
- Buyer to verify
- Marketing Name
- Elite 8 Downtown
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- unknown
- Year Built
- 1984
- Uncvrd Parking Spcs
- 10
- Total # of Units
- 8
- # of Buildings
- 2
- Zoning
- C-1
- Elementary School District
- Phoenix Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 2nd Avenue and Buckeye Rd
- Directions
- North on 2nd Avenue from Buckeye. Property on the east side of the street.
Status Change Info
- Off Market Date
- 2021-12-22
- Under Contract Date
- 2021-11-07
- Close of Escrow Date
- 2021-12-21
Legal Info
- Lot Number
- Yes
More Information
Income Expenses
- Gross Annual Sch Inc
- 104460
- Net Operating Income
- 91600
2 Bedroom Units
- # 2 Bedroom Units
- 8
- Avg Rent
- 1150
- Avg SqFt
- 650
- # Baths
- Yes
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
- Four Plex
- Yes
- 5 - 12 Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 1980
- Other Income
- 0
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 101326.2
Pmt & Rate Info
- Cap Rate
- 6.21
- Equity
- 1475000
- Down Payment %
- 25
- Monthly Payments
- 5000
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- 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
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Cash to Loan
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex; 5 - 12 Units
Construction:
Wood Frame
Const - Finish:
Stucco
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool
Appliances Included:
Built-In Range; Refrigerator
Cooling:
Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
None
Parking Features:
On Street; >1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Showing Notification Methods:
Text
Lockbox Type:
None
New Financing:
Cash to Loan; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
ABI Multifamily
Last Updated: December - 22 - 2021
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