Long Shot Phoenix Avenue, Phoenix, AZ 85032
$3,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,600,000 Last Modified: 1/16/2025
Description
This is a 37 Single Family Home Portfolio with a ROI of 8% based on current discounted rate. All homes have Tenants that are in a lease option position. Title held in the current entity name.
More Information MLS# 5391285
Contract Info
Ownership: Fee Simple Current Price: $3,600,000 Sold Price: $3,600,000 Status: Closed List Date: 2016-01-30
Location, Tax & Legal
Assessor's Map #: 12 Assessor's Parcel #: 396 Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 600 Legal: Multiple properties Marketing Name: Long Shot 37 SFH Map Code/Grid: M32 House Number: Long Shot Street Name: Phoenix St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85032 County Code: Maricopa Assessor Number: 143-12-396 Tax Year: 2015
General Property Description
# of Buildings: 37 Uncvrd Parking Spcs: 2 Lot Size Dimensions: 80 x 100 Total # of Units: 37 Elementary School District: Peoria Unified School District High School District: Phoenix Union High School District Year Built: 1970 Zoning: R1-6
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Concrete: 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: 600 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0 Total Monthly Rental Income: 25847
Pmt & Rate Info
Cap Rate: 8 Down Payment: 0 Equity: 3877000 Down Payment %: 100 Monthly Payments: 0 Total Owed: 0 Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Other: 1 See Remarks: 1
Tenant Pays
Gas: 1 Water: 1 Sewer: 1 Electricity: 1 Trash Collection: 1 Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1 Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1 SRP: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-942-3599
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2 Avg Rent: 0 Avg SqFt: 900
3 Bedrooms Units
# 3 Bedroom Units: 27 Avg Rent: 0 Avg SqFt: 1200
4 Bedrooms Units
# 4 Bedroom Units: 8 Avg Rent: 0 Avg SqFt: 1200
Sold Info
Loan Type: Cash to Loan Loan Years: 20 Closing Cost Split: Normal - N Payment Type: Graduated Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Remarks Misc
Cross Street: Varies Directions: Ask for information Geo Lat: 33.562928 Geo Lon: -112.176943
Status Change Info
Off Market Date: 2016-05-09 Under Contract Date: 2016-05-05 Close of Escrow Date: 2016-07-15 Sold Price: $3,600,000
Legal Info
Lot Number: 1-37
Income Expenses
Net Operating Income: 310168
Property Features
Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Other (See Remarks) Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS; SRP Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner; Projected Proforma Existing 1st Loan: Treat as Free&Clear 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: None
Listing Office: DeLex Realty
Last Updated: January - 16 - 2025
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