9411 N 13TH Avenue, Phoenix, AZ 85021 (MLS# 6204522)

9411 N 13TH Avenue, Phoenix, AZ 85021

$2,525,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,525,000 Last Modified: 3/14/2025

Overview

Description

Westmere is a low density, garden style community of 25 units in North Phoenix. Constructed in 1976,the community is comprised of 24 one and two bedroom units and a converted laundry room. Average unit size is 602 SF. Roofs were recently redone and a majority of the rooftop ACs are new. Some interior units have been upgraded. The property is individually metered for electricity and water. Westmere represents a great value add opportunity for a new owner through continued unit upgrade/conversion and lease burn-off/increases. (seven of the units have been converted from 1-bed units to 2-beds.) Unit conversions bring an approximate $200 per unit increase. A new owner can further enhance the asset by converting eight more units into 2-beds, adding backyards and converting the...

Supplements: ...and converting the laundry room back into a rental unit. This North Phoenix neighborhood is a high demand area situated close to the Phoenix core and is fast evolving with new development andapartment upgrades. Westmere represents a great value, both on a price per unit and price per square foot basis. Buyer to verify zoning, unit counts, and al ... (Read more)

Listing Details MLS# 6204522

Location, Tax & Legal

Map Code/Grid: M34
House Number: 9411
Compass: N
Street Name: 13TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 3093
Country: US
County Code: Maricopa
Subdivision: FOOTHILL ACRES LOTS 33-48 & 58-59
Assessor Number: 158-33-026-A
Tax Year: 2020
Assessor's Map #: 33
Legal Description (Abbrev): FOOTHILL ACRES D A F PT LOT 50 S 78F EX W 5F THE REOF AND PT LOTS 27 & 28 & 29 EX S 250F & EX W 5F T
Assessor's Parcel #: 26
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 2556
Legal: FOOTHILL ACRES D A F PT LOT 50 S 78F EX W 5F THE REOF AND PT LOTS 27 & 28 & 29 EX S 250F & EX W 5F T
Marketing Name: Westmere

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: Unk
Year Built: 1977
Uncvrd Parking Spcs: 54
Total # of Units: 25
# of Buildings: 9
Zoning: R-4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 13th Avenue and Hatcher
Directions: North on 13th Avenue to property

Status Change Info

Off Market Date: 2021-03-20
Under Contract Date: 2021-03-20
Close of Escrow Date: 2021-05-21

Legal Info

Township: 3N
Range: 3E
Section: 30
Lot Number: 50

More Information

1 Bedroom Units

# 1 Bedroom Units: 13
Avg Rent: 623
Avg SqFt: 602
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 11
Avg Rent: 709
Avg SqFt: 602
# Baths: Yes

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

25 - 50 Units: Yes

Construction

Block: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2556
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 2750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

No Notification Required to Show: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes

Cooling

Heat Pump: Yes
Individual: Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

Individual Meter: Yes

Gas

Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
No Carry: 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 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: 25 - 50 Units Construction: Block Const - Finish: Stucco Roofing: Built-Up Floors: Concrete; Ceramic Tile Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Individual Cooling: Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: Individual Meter Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: No Notification Required to Show 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 Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: REI Marketing

Last Updated: March - 14 - 2025