Ownership: Fee Simple Current Price: $4,275,000 Sold Price: $4,275,000 Status: Closed List Date: 2021-12-02
Assessor's Map #: 25 Assessor's Parcel #: 174 Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 3312 Legal: GERMANIA PL PT LOT 12 E2 & GERMANIA PL PT LOT 12 W2 Marketing Name: Polk Bungalows Map Code/Grid: Q34 House Number: 1337 Compass: E Street Name: Polk St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85006 County Code: Maricopa Assessor Number: 116-25-174 Tax Year: 2021
# of Buildings: 10 Uncvrd Parking Spcs: 4 Lot Size Dimensions: 200' x 109' Flood Zone: No Total # of Units: 10 Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Kenilworth Elementary School Jr. High School: Whittier Elementary School - Phoenix High School: Central High School Year Built: 2022 Zoning: R-5, HP
Range: 3E Section: 4 Township: 1N Lot Number: 12
Land & Building: 1 Laundry Equipment: 1
Annual Elec Exp: 2000 Annual Ins Exp: 3000 Annual Legal & Acctg: 1000 Annual Maint Exp: 6000 Annual Mgmt Exp: 11911 Annual Wtr/Swr Exp: 8000 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Rplcmnt Rsrvs: 200 Annual Other Expense: 1250 Operating Exp: 36673 Other Income: 12000 Vacancy Allowance: 0.06 Adjusted Gross Inc: 237500.4
Cap Rate: 4.43 Equity: 4300000 Down Payment %: 50 Monthly Payments: 7656 Total Owed: 0
Electric: 1 Individual: 1
Electric: 1 Heat Pump: 1 Individual: 1
Landscape Water System: 1 Desert Landscaping: 1 Partially Fenced: 1 Patio/Balcony: 1
Fire/Smoke Alarm(s): 1 Fire Sprinklers: 1
Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1
Dishwasher: 1 Disposal: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1
City Franchise: 1 Master Meter: 1
Sewer - Public: 1 Sewer-In & Connected: 1
Carport: 1 On Street: 1 1 Space/Unit: 1 >1 Space Per Unit: 1 Assigned: 1
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1
Conventional: 1 No Carry: 1 1031 Exchange: 1 Other (See Remarks): 1
Seller Prop Disc Stm: 1 ALTA Survey Availbl: 1
List Agent Home Phn: 602-793-2753
# 1 Bedroom Units: 9 Avg Rent: 1895 Avg SqFt: 885 # Baths: 15
# 2 Bedroom Units: 1 Avg Rent: 3000 Avg SqFt: 1379 # Baths: 2
Loan Type: Conventional Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Cross Street: 16th St & Van Buren St. Directions: Wast on Van Buren, North on 14th St, West on Polk. Property on South side. Geo Lat: 33.452351 Geo Lon: -112.05304
Off Market Date: 2022-02-25 Under Contract Date: 2022-02-16 Close of Escrow Date: 2022-03-31 Sold Price: $4,275,000
Gross Annual Sch Inc: 240660 Net Operating Income: 190559
Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Metal Floors: Concrete; Vinyl Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool; Other Exterior Amenities: Landscape Water System; Desert Landscaping; Partially Fenced; Patio/Balcony Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual Cooling: Electric; Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS Gas: None Parking Features: Carport; On Street; 1 Space/Unit; >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection Source of Fincl Data: Projected Proforma Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Conventional; No Carry; 1031 Exchange; Other (See Remarks) Environmental: None