3015 E PARADISE Lane, Phoenix, AZ 85032
$3,525,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,525,000 Last Modified: 6/12/2020
Description
Fully remodeled turnkey property! The Paradise Square Apartments is a fully renovated and modernized complex with an excellent unit mix of 40 large two-bed and 2 one-bed units in a prime high demand North Phoenix community. The complex consists of two separate properties adding additional value to the assets. All of the units have a back yard or a balcony. Remodeled to the 9's using on trend fixtures and decor. Amenities included gated access, pool, BBQ's outdoor seating and laundry for additional income. Tenants have easy access to Bell Road and the 51 freeway. Individually metered! Sale includes 3029 E Paradise.
More Information MLS# 5769191
Contract Info
Ownership: Fee Simple Current Price: $3,525,000 Sold Price: $3,525,000 Status: Closed List Date: 2018-05-21
Location, Tax & Legal
Assessor's Map #: 36 Legal Description (Abbrev): KAY ACRES 3 LOT 28 W 149.78' OF E 449.34' EX N 30' RD Assessor's Parcel #: 3 Assessor Parcel Ltr: E Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 103304 Taxes: 15281 Legal: KAY ACRES 3 LOT 28 W 149.78' OF E 449.34' EX N 30' RD Marketing Name: Paradise Square Apartment Map Code/Grid: L35 House Number: 3015 Compass: E Street Name: PARADISE St Suffix: Lane City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 Zip4: 8219 County Code: Maricopa Subdivision: KAY ACRES 3 LOTS 38-40, 42-45, 47-50 Assessor Number: 214-36-003-E Tax Year: 2017
General Property Description
# of Buildings: 4 Uncvrd Parking Spcs: 56 Lot Size Dimensions: UNK Total # of Units: 42 Elementary School District: Paradise Valley Unified District High School District: Paradise Valley Unified District Year Built: 1985 Zoning: R-3
Legal Info
Range: 3E Section: 2 Township: 3N Lot Number: 28
Project Type
25 - 50 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0 Annual Gas Exp: 0 Annual Ins Exp: 0 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 0 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 15281 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0 Equity: 3595000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Community Features
Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Tenant Pays
Electricity: 1
Appliances Included
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
>1 Space Per Unit: 1 Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1 Sewer: 1 Gas: 1 Trash Collection: 1 Landscaping: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2 Avg Rent: 650 Avg SqFt: 760 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 40 Avg Rent: 750 Avg SqFt: 820 # Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional Closing Cost Split: Normal - N Payment Type: Adjustable Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Remarks Misc
Cross Street: Paradise Lane and 32nd Street Directions: West on Paradise to property on South Side of Street Geo Lat: 33.633034 Geo Lon: -112.016935
Status Change Info
Off Market Date: 2018-06-28 Under Contract Date: 2018-06-27 Close of Escrow Date: 2018-08-24 Sold Price: $3,525,000
Property Features
Project Type: 25 - 50 Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: Pool Appliances Included: Free-Standing Range; Refrigerator Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: GPCI AZ
Last Updated: June - 12 - 2020
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