9645 N 11TH Avenue, Phoenix, AZ 85021
$3,500,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,500,000 Last Modified: 11/05/2021
Description
Foothill Acres Apartments is a 30-unit apartment community featuring (14) 1-bedroom/1-bathroom units and (16) 2-bedroom/1-bathroom units. The property is located in the developing Mountain View Acres, surrounded by up-and-coming restaurants, schools, and parks. It is minutes from North Mountain Park, famous for its numerous hiking trails and wildflower viewing, and within walking distance to the Arizona Canal Trail. The property is also just minutes from the I-17 Highway and is within a bike ride's distance to the 19th Avenue and Dunlap light rail station.
More Information MLS# 6165999
Contract Info
Ownership: Fee Simple Current Price: $3,500,000 Sold Price: $3,500,000 Status: Closed List Date: 2020-11-18
Location, Tax & Legal
Assessor's Map #: 34 Legal Description (Abbrev): FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA Assessor's Parcel #: 46 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 104501 Taxes: 9501 Legal: FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA Marketing Name: Foothill Acres Apartments Map Code/Grid: M34 House Number: 9645 Compass: N Street Name: 11TH St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 Zip4: 3067 County Code: Maricopa Subdivision: FOOTHILL ACRES LOTS 33-48 & 58-59 Assessor Number: 158-34-046 Tax Year: 2020
General Property Description
# of Buildings: 2 Uncvrd Parking Spcs: 45 Lot Size Dimensions: 150ft x 250ft Total # of Units: 30 Elementary School District: Washington Elementary District High School District: Glendale Union High School District Year Built: 1984 Zoning: R-4
Legal Info
Range: 3E Section: 30 Township: 3N Lot Number: 58
Project Type
25 - 50 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1 Stone: 1
Roofing
Composition: 1 Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 9501 Other Income: 0 Vacancy Allowance: 0.07 Adjusted Gross Inc: 302752.2
Pmt & Rate Info
Cap Rate: 5.7 Equity: 3750000 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 Individual: 1
Cooling
Ceiling Fan(s): 1 Central Air: 1 Individual: 1
Interior Features
Fire/Smoke Alarm(s): 1 Fire Sprinklers: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1 Built-In Range: 1 Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1 Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1 Attached: 1 Paved: 1
Electric
SRP: 1 Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1 Sewer: 1 Trash Collection: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 14 Avg Rent: 684 Avg SqFt: 575 # Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16 Avg Rent: 802 Avg SqFt: 645 # 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: Other Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.574527 Geo Lon: -112.086582
Status Change Info
Off Market Date: 2021-01-21 Under Contract Date: 2021-01-19 Close of Escrow Date: 2021-03-23 Sold Price: $3,500,000
Income Expenses
Gross Annual Sch Inc: 325540 Net Operating Income: 213738
Property Features
Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted; Stone Roofing: Composition; Other Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Built-In Range; Refrigerator; Other Heating: Individual Cooling: Ceiling Fan(s); Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: 1 Space/Unit; Attached; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Projected Proforma; Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: November - 05 - 2021
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