2936 E VAN BUREN Street, Phoenix, AZ 85008
$3,800,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,800,000 Last Modified: 6/26/2024
Description
28 Casita style units (single story) with 760 square feet of retail space on Van Buren. 16 Buildings total. Nearly 100% renovated, new construction down to studs within past few years. 26 units are 1 bedroom/1 bath, 2 units are 2 bedroom/1 bath. New asphalt parking lot. All units are separately metered. Coin laundry room. 93% occupancy, final unit to be completed in next two months, then ready to lease.
More Information MLS# 6528308
Contract Info
Ownership: Fee Simple Current Price: $3,800,000 Sold Price: $3,800,000 Status: Closed List Date: 2023-03-06
Location, Tax & Legal
Assessor's Map #: 68 Legal Description (Abbrev): BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD Assessor's Parcel #: 63 Assessor Parcel Ltr: B Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 113502 Taxes: 15578 Legal: BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD Marketing Name: 28 Units - Sin Agua Falls Map Code/Grid: Q35 House Number: 2936 Compass: E Street Name: VAN BUREN St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 Zip4: 6845 County Code: Maricopa Assessor Number: 121-68-063-B Tax Year: 2022
General Property Description
# of Buildings: 16 Uncvrd Parking Spcs: 34 Lot Size Dimensions: irregular Flood Zone: No Total # of Units: 28 Elementary School District: Wilson Elementary District High School District: Phoenix Union High School District Year Built: 1945 Zoning: C-3
Legal Info
Range: 3E Section: 2 Township: 1N Lot Number: 1
Project Type
25 - 50 Units: 1
Other Type
Other (See Remarks): 1
Construction
Block: 1
Const - Finish
Painted: 1 Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1 Ceramic Tile: 1
Sale Includes
Land & Building: 1 Laundry Equipment: 1
Income & Expenses
Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 15578 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 4800000 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
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Cable TV Available: 1
Interior Features
Unfurnished: 1 Mini Blinds: 1
Tenant Pays
Electricity: 1 Cable TV: 1
Appliances Included
Dishwasher: 1 Refrigerator: 1 Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1 1 Space/Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-620-1453
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 26 Avg Rent: 0 Avg SqFt: 380 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2 Avg Rent: 0 Avg SqFt: 508 # Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash to Loan 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 $/%: $
Remarks Misc
Cross Street: 30th Street & Van Buren Directions: North side of Van Buren at 29th Street. Geo Lat: 33.451957 Geo Lon: -112.017878
Status Change Info
Off Market Date: 2024-04-25 Under Contract Date: 2024-04-24 Close of Escrow Date: 2024-06-25 Sold Price: $3,800,000
Property Features
Project Type: 25 - 50 Units Other Type: Other (See Remarks) Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit; Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan Environmental: None
Listing Office: MCG Realty
Last Updated: June - 26 - 2024
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