Long Shot Phoenix Avenue, Phoenix, AZ 85032 - MLS #5391285

images$3,600,000 images******** Beds

images******** Bath images1970

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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.

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
Contract Info
Current Price: $3,600,000
Sold Price: $3,600,000
Status: Closed
List Date: 2016-01-30
Ownership: Fee Simple
Location Tax Legal
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
Lot Size Dimensions: 80 x 100
Year Built: 1970
Uncvrd Parking Spcs: 2
Total # of Units: 37
# of Buildings: 37
Zoning: R1-6
Elementary School District: Peoria Unified School District
High School District: Phoenix Union High School District
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
2 Bedroom Units
# 2 Bedroom Units: 2
Avg SqFt: 900
3 Bedrooms Units
# 3 Bedroom Units: 27
Avg SqFt: 1200
4 Bedrooms Units
# 4 Bedroom Units: 8
Avg SqFt: 1200
Contact Info
List Agent Home Phn: 602-942-3599
Sold Info
Loan Type: Cash to Loan
Loan Years: 20
Payment Type: Graduated
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $