3025 N 38th Street, Phoenix, AZ 85018 (MLS# 6614751)

3025 N 38th Street, Phoenix, AZ 85018

$3,750,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,750,000 Last Modified: 9/05/2024

More Information MLS# 6614751

Contract Info

Ownership: Fee Simple Current Price: $3,750,000 Sold Price: $3,750,000 Status: Closed List Date: 2023-10-05

Location, Tax & Legal

Assessor's Map #: 21 Assessor's Parcel #: 17 Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Taxes: 14343 Legal: CITRUS ACRES Marketing Name: Estilo House Number: 3025 Compass: N Street Name: 38th St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85018 County Code: Maricopa Assessor Number: 127-21-017 Tax Year: 2023

General Property Description

# of Buildings: 7 Uncvrd Parking Spcs: 12 Lot Size Dimensions: 40,408 sq ft. Total # of Units: 15 Elementary School District: Creighton Elementary District High School District: Phoenix Union High School District Year Built: 1971 Zoning: R-3

Project Type

13 - 24 Units: 1

Construction

Block: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Concrete: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 9967 Annual Ins Exp: 5625 Annual Landscape Exp: 3750 Annual Legal & Acctg: 8021 Annual Maint Exp: 6750 Annual Mgmt Exp: 13022 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Rplcmnt Rsrvs: 4500 Annual Other Expense: 1875 Operating Exp: 67853 Other Income: 20026 Vacancy Allowance: 0.05 Adjusted Gross Inc: 291245.3

Pmt & Rate Info

Cap Rate: 5.08 Equity: 4300000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

Pool: 1 Barbecue: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1

Exterior Amenities

Green Landscaping: 1 Fenced: 1

Tenant Pays

Electricity: 1

Appliances Included

Dishwasher: 1 Microwave: 1 Built-In Range: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Water Source

Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

SRP: 1 Individual Meter: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Conventional: 1 Owner May Carry: 1 1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1400 Avg SqFt: 700 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 14 Avg Rent: 1600 Avg SqFt: 880 # Baths: 14

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Geo Lat: 33.483176 Geo Lon: -111.999251

Status Change Info

Off Market Date: 2024-09-05 Under Contract Date: 2024-07-11 Close of Escrow Date: 2024-08-19 Sold Price: $3,750,000

Legal Info

Lot Number: 88

Income Expenses

Gross Annual Sch Inc: 286548 Net Operating Income: 218528

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Stucco Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: Pool; Barbecue Exterior Amenities: Green Landscaping; Fenced Appliances Included: Built-In Range; Dishwasher; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water Source: Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Conventional; Owner May Carry; 1031 Exchange Environmental: None

Listing Office: Marcus & Millichap

Last Updated: September - 05 - 2024