3025 N 38th Street, Phoenix, AZ 85018
$3,750,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,750,000 Last Modified: 9/05/2024
More Information MLS# 6614751
Contract Info
Ownership: Fee Simple Current Price: $3,750,000 Sold Price: $3,750,000 Status: Closed List Date: 2023-10-05
Location, Tax & Legal
Assessor's Map #: 21 Assessor's Parcel #: 17 Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Taxes: 14343 Legal: CITRUS ACRES Marketing Name: Estilo House Number: 3025 Compass: N Street Name: 38th St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85018 County Code: Maricopa Assessor Number: 127-21-017 Tax Year: 2023
General Property Description
# of Buildings: 7 Uncvrd Parking Spcs: 12 Lot Size Dimensions: 40,408 sq ft. Total # of Units: 15 Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District Year Built: 1971 Zoning: R-3
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 9967 Annual Ins Exp: 5625 Annual Landscape Exp: 3750 Annual Legal & Acctg: 8021 Annual Maint Exp: 6750 Annual Mgmt Exp: 13022 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Rplcmnt Rsrvs: 4500 Annual Other Expense: 1875 Operating Exp: 67853 Other Income: 20026 Vacancy Allowance: 0.05 Adjusted Gross Inc: 291245.3
Pmt & Rate Info
Cap Rate: 5.08 Equity: 4300000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1 Barbecue: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1 Electric: 1
Exterior Amenities
Green Landscaping: 1 Fenced: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1 Microwave: 1 Built-In Range: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1 Projected Proforma: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1 Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1
New Financing
Conventional: 1 Owner May Carry: 1 1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1 Avg Rent: 1400 Avg SqFt: 700 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 14 Avg Rent: 1600 Avg SqFt: 880 # Baths: 14
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: 33.483176 Geo Lon: -111.999251
Status Change Info
Off Market Date: 2024-09-05 Under Contract Date: 2024-07-11 Close of Escrow Date: 2024-08-19 Sold Price: $3,750,000
Legal Info
Lot Number: 88
Income Expenses
Gross Annual Sch Inc: 286548 Net Operating Income: 218528
Property Features
Project Type: 13 - 24 Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: Pool; Barbecue Exterior Amenities: Green Landscaping; Fenced Appliances Included: Built-In Range; Dishwasher; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional; Owner May Carry; 1031 Exchange Environmental: None
Listing Office: Marcus & Millichap
Last Updated: September - 05 - 2024
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.