936 W MOUNTAIN VIEW Road, Phoenix, AZ 85021

$1,999,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,999,000 Last Modified: 2/07/2025

Overview

Description

16-unit community fully repositioned in 2018 with over $32K per door invested. Fully occupied with blend of Section 8 and non-Section 8. All units are 2bed/1bath 850sf. 4 buildings with 4 units in each building and separate APNs, allowing for residential financing. Lot size allows for value add opportunity by adding two story building for 8 additional units where laundry room currently sits. All units are individually metered for power and water through third party. Onsite coin operated laundry building with office/utility room and bathroom. Playground and BBQ area.

Supplements: -New coin operated Washing Machines (4) & Dyers (3) in Laundry Building -New parking lot Asphalt and Stripping New Security Screen doors throughout 16 units and Laundry/ utility room -New refrigerators, ranges and microwaves. -New concrete walkway north buildings -New water main from street to south building -Roof's on Quadraplexes and Laundry/ Uti ...

Listing Details MLS# 5984257

Location, Tax & Legal

Map Code/Grid
M34
House Number
936
Compass
W
Street Name
MOUNTAIN VIEW
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85021
Country
US
County Code
Maricopa
Subdivision
IRONWOOD PLACE MCR 36-33
Assessor Number
158-29-203
Tax Year
2019
Building Number
3
Assessor's Map #
29
Legal Description (Abbrev)
IRONWOOD PLACE
Assessor's Parcel #
203
Add'l Parcels
No
Tax Municipality
Phoenix
Taxes
3951
Legal
N 59.66F LOT 26 IRONWOOD PLACE MCR 36-33 AKA LOT UNIT 4 PER MCR 931-37 P/F 07-0842201 to be verified by title
Marketing Name
n/a

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
45613
Year Built
1965
Uncvrd Parking Spcs
25
Total # of Units
16
# of Buildings
4
Zoning
Multi Fam
Elementary School District
Washington Elementary District
High School District
Glendale Union High School District
Elementary School
Washington Elementary School
Jr. High School
Washington Elementary School - Phoenix
High School
Glendale High School

Remarks Misc

Cross Street
HATCHER AND 7TH AVE.

Status Change Info

Off Market Date
2019-11-19
Under Contract Date
2019-10-30
Close of Escrow Date
2019-12-13

Legal Info

Township
3N
Range
3E
Section
30
Lot Number
26

More Information

Income Expenses

Gross Annual Sch Inc
165869
Net Operating Income
141609

2 Bedroom Units

# 2 Bedroom Units
16
Avg Rent
898
Avg SqFt
850
# Baths
Yes

Sold Info

Loan Type
Conventional
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
13 - 24 Units
Yes

Other Type

Packaged Offering
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes
Other
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

Income & Expenses

Annual Elec Exp
1000
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
1800
Annual Legal & Acctg
0
Annual Maint Exp
5000
Annual Mgmt Exp
0
Annual Trash Exp
3000
Annual Wtr/Swr Exp
3000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
17751
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
160892.93

Pmt & Rate Info

Cap Rate
7.08
Down Payment
0
Equity
1999000
Down Payment %
25
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes
Manager Res/Office
Yes
Play Area
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes
2 or More Units
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Patio/Balcony
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Water
Yes
Electricity
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Other (See Remarks)
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
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

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
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

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex; 13 - 24 Units Other Type: Packaged Offering Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Other Floors: Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool; Manager Res/Office; Play Area Exterior Amenities: Desert Landscaping; Partially Fenced; Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Built-In Range; Refrigerator; Disposal; Microwave Cooling: Central Air; 2 or More Units Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: APS Gas: None Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping Tenant Pays: Water; Electricity Source of Fincl Data: Owner; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call 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: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Biltmore Lifestyles RE Company
Last Updated: February - 07 - 2025
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