103 E BRINKER Drive, Avondale, AZ 85323 - MLS #5539374

images$3,750,000 images******** Beds

images******** Bath images1964

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Description

DO NOT DISTURB TENANTS - DO NOT WALK PROPERTY.Uniquely situated within Avondale's central corridor, Parkside Palms Apartments offers a selection of 1/1, 2/1 & 3/1 floor plans surrounded by green-scaped courtyards in a very low-density setting. Significant recently completed capital upgrades incl complete roof repair/resurfacing, parking lot resurfacing, exterior repaint, remodelled leasing office and re-plastered code-compliant swimming pool. Plus, 65% of the units have had cabinets, counters, vanities, tiled tub and shower surrounds, 6-panel doors, tile flooring, appliances & fixtures replaced during 2015-2016. Ownership has significantly upgraded property to result in steady rent growth now at the $1.00/SF mark.

Property Features
Project Type: 51 - 99 Units
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Built-Up
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building; Personal Property; Pool Equipment
Community Features: Pool; Manager Res/Office; Play Area; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Cable TV Available; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Heat Pump
Cooling: Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt; Concrete
Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays: Electricity; Gas; Cable TV
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: None
Contract Info
Current Price: $3,750,000
Sold Price: $3,750,000
Status: Closed
List Date: 2016-12-27
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: R32
House Number: 103
Compass: E
Street Name: BRINKER
St Suffix: Drive
City/Town Code: Avondale
State/Province: AZ
Zip Code: 85323
Zip4: 1928
County Code: Maricopa
Subdivision: DIECI ESTATES
Assessor Number: 500-18-037
Tax Year: 2015
General Property Description
Lot Size Dimensions: irreg
Year Built: 1964
Uncvrd Parking Spcs: 122
Total # of Units: 54
# of Buildings: 24
Zoning: M-M, R-3
Elementary School District: Avondale Elementary District
High School District: Agua Fria Union High School District
Remarks Misc
Cross Street: Central and Brinker
Directions: I-10 west to Dysart Road, south on Dysart to Van Buren, West on Van Buren to Central Avenue, south on Central to Brinker, East to property.
Geo Lat: 33.440339
Geo Lon: -112.348583
Status Change Info
Off Market Date: 2017-02-23
Under Contract Date: 2017-01-08
Close of Escrow Date: 2017-03-13
Sold Price: $3,750,000
Legal Info
Township: 1N
Range: 1W
Section: 10
Lot Number: A
Income Expenses
Gross Annual Sch Inc: 510120
Net Operating Income: 321446
1 Bedroom Units
# 1 Bedroom Units: 12
Avg Rent: 675
Avg SqFt: 448
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 26
Avg Rent: 775
Avg SqFt: 768
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 16
Avg Rent: 875
Avg SqFt: 960
# Baths: 1
Contact Info
List Agent Home Phn: 602-243-7499
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $