9645 N 11TH Avenue, Phoenix, AZ 85021 - MLS #6165999

images$3,500,000 images******** Beds

images******** Bath images1984

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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.

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)
Contract Info
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
List Date: 2020-11-18
Ownership: Fee Simple
Location Tax Legal
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
Lot Size Dimensions: 150ft x 250ft
Year Built: 1984
Uncvrd Parking Spcs: 45
Total # of Units: 30
# of Buildings: 2
Zoning: R-4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
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
Legal Info
Township: 3N
Range: 3E
Section: 30
Lot Number: 58
Income Expenses
Gross Annual Sch Inc: 325540
Net Operating Income: 213738
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
Sold Info
Loan Type: Conventional
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %