Long Shot Phoenix Avenue, Phoenix, AZ 85032
$3,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,600,000
Last Modified:
1/16/2025
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.
More Information MLS# 5391285
Contract Info
Ownership: Fee Simple
Current Price: $3,600,000
Sold Price: $3,600,000
Status: Closed
List Date: 2016-01-30
Location, Tax & Legal
Assessor's Map #: 12
Assessor's Parcel #: 396
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 600
Legal: Multiple properties
Marketing Name: Long Shot 37 SFH
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
# of Buildings: 37
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 80 x 100
Total # of Units: 37
Elementary School District: Peoria Unified School District
High School District: Phoenix Union High School District
Year Built: 1970
Zoning: R1-6
Project Type
25 - 50 Units: 1
Construction
Wood Frame: 1
Const - Finish
Other (See Remarks): 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 600
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 25847
Pmt & Rate Info
Cap Rate: 8
Down Payment: 0
Equity: 3877000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Other: 1
See Remarks: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
SRP: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-942-3599
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 0
Avg SqFt: 900
3 Bedrooms Units
# 3 Bedroom Units: 27
Avg Rent: 0
Avg SqFt: 1200
4 Bedrooms Units
# 4 Bedroom Units: 8
Avg Rent: 0
Avg SqFt: 1200
Sold Info
Loan Type: Cash to Loan
Loan Years: 20
Closing Cost Split: Normal - N
Payment Type: Graduated
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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
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
Listing Office: DeLex Realty
Last Updated: January - 16 - 2025
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