2936 E VAN BUREN Street, Phoenix, AZ 85008 - MLS #6528308

images$3,800,000 images******** Beds

images******** Bath images1945

imagesClosed

icon Ask a Question

Description

28 Casita style units (single story) with 760 square feet of retail space on Van Buren. 16 Buildings total. Nearly 100% renovated, new construction down to studs within past few years. 26 units are 1 bedroom/1 bath, 2 units are 2 bedroom/1 bath. New asphalt parking lot. All units are separately metered. Coin laundry room. 93% occupancy, final unit to be completed in next two months, then ready to lease.

Property Features
Project Type: 25 - 50 Units
Other Type: Other (See Remarks)
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Cable TV Available
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan
Environmental: None
Contract Info
Current Price: $3,800,000
Sold Price: $3,800,000
Status: Closed
List Date: 2023-03-06
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: Q35
House Number: 2936
Compass: E
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 6845
County Code: Maricopa
Assessor Number: 121-68-063-B
Tax Year: 2022
General Property Description
Lot Size Dimensions: irregular
Year Built: 1945
Uncvrd Parking Spcs: 34
Total # of Units: 28
# of Buildings: 16
Zoning: C-3
Flood Zone: No
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 30th Street & Van Buren
Directions: North side of Van Buren at 29th Street.
Geo Lat: 33.451957
Geo Lon: -112.017878
Status Change Info
Off Market Date: 2024-04-25
Under Contract Date: 2024-04-24
Close of Escrow Date: 2024-06-25
Sold Price: $3,800,000
Legal Info
Township: 1N
Range: 3E
Section: 2
Lot Number: 1
1 Bedroom Units
# 1 Bedroom Units: 26
Avg SqFt: 380
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg SqFt: 508
# Baths: 1
Contact Info
List Agent Home Phn: 602-620-1453
Sold Info
Loan Type: Cash to Loan
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $