109 E BROADWAY Road OFC, Tempe, AZ 85282
$7,850,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $7,850,000 Last Modified: 1/15/2021
Description
Unit Features: • Faux Wood-Plank Vinyl Flooring
• Contemporary Cabinetry with Brushed Nickel Hardware
• Gourmet Kitchens with Full Size Appliances, Including Dishwashers and Built-In
Microwaves
• Stainless Steel Sinks with Brushed Nickel Faucets
• Modern Bathroom Vanities and Low-Flow Toilets
• In-Suite Washer/Dryers
• Premium Light Fixtures
• Vertical Blinds
• Sand-Blasted Block Interior Walls*
*Select Units Community Amenities:
• Large Central Courtyard with Sparkling Swimming Pool
• On-Site Leasing Office with Security Access
• Outdoor Bike Storage
• Assigned Covered Parking Spaces
• Smooth Stucco Facade with Two Toned Paint and Trim
• Controlled Access Gates
• Dual-Pane Windows
• Upgraded Common Area and Walkway Lighting
• Barbecue Area and Dog Run
More Information MLS# 6119305
Contract Info
Ownership: Fee Simple Current Price: $7,850,000 Sold Price: $7,850,000 Status: Closed List Date: 2020-08-18
Location, Tax & Legal
Unit #: OFC Assessor's Map #: 23 Legal Description (Abbrev): TEMPE ACRES MCR 30-21 PT LOT 4 N 59F OF W 114.4F OF E 228.8F & N 24F OF W 73.2F OF E 302F & W 20F OF Assessor's Parcel #: 23 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 319600 Taxes: 15905 Legal: TEMPE ACRES MCR 30-21 PT LOT 4 N 59F OF W 114.4F OF E 228.8F & N 24F OF W 73.2F OF E 302F & W 20F OF Marketing Name: Decco 109 Map Code/Grid: R37 House Number: 109 Compass: E Street Name: BROADWAY St Suffix: Road City/Town Code: Tempe State/Province: AZ Zip Code: 85282 Zip4: 1300 County Code: Maricopa Subdivision: TEMPE ACRES Assessor Number: 133-23-023-A Tax Year: 2019
General Property Description
# of Buildings: 4 Uncvrd Parking Spcs: 20 Lot Size Dimensions: 40,233 Total # of Units: 40 Elementary School District: Tempe Elementary School District High School District: Tempe Union High School District Year Built: 1964 Zoning: R-4
Legal Info
Range: 4E Section: 27 Township: 1N Lot Number: 4
Project Type
25 - 50 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 15905 Other Income: 535800 Vacancy Allowance: 0 Adjusted Gross Inc: 535800
Pmt & Rate Info
Cap Rate: 5.1 Equity: 8000000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0
Showing Notification Methods
Text: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1 Barbecue: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Built-In Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
Individual Meter: 1
Gas
Master Meter: 1
Owner Pays
See Remarks: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 14 Avg Rent: 0 Avg SqFt: 650 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 26 Avg Rent: 0 Avg SqFt: 850 # Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.406702 Geo Lon: -111.937833
Status Change Info
Off Market Date: 2020-10-06 Under Contract Date: 2020-10-06 Close of Escrow Date: 2021-01-14 Sold Price: $7,850,000
Income Expenses
Net Operating Income: 407820
Property Features
Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Built-Up Floors: Vinyl Sale Includes: Land & Building Community Features: Pool; Barbecue Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: Master Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Other (See Remarks) Environmental: None
Listing Office: CBRE, Inc
Last Updated: January - 15 - 2021
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