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$2,750,000
Phoenix, AZ 85003
MLS# 6691443
1 / 39
Property Description
Location! Location! Location! Beautiful high-end, nearly new 4-Plex. Fantastic views to downtown across from newly renovated Hance Park and dog park & beautiful Japanese Friendship Garden. Less than 1/4 mi. to light rail, 1/4 mi. to Portland St. district, less than 2 mi. from downtown venues and sports arenas & Banner University hospital! High-end Finishes, Vaulted Ceilings in upper units, all units have 2 Bdrms and 2 Baths with laundry in all units. Upper units have walk-out balconies in front and back. Common area includes a built-in BBQ and ramada and turf area with desert landscaping. Each unit has 1 assigned covered parking and ample uncovered parking next to property. One add'l. covered parking for general use. DRIVE-BY ONLY until accepted contract. DO NOT DISTURB or go on property!
Details
Maps
Contract Info
Current Price: $2,750,000
List Price: $2,750,000
Status: Active
List Date: 2024-04-13
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: $
Location, Tax & Legal
House Number: 302
Compass: W
Street Name: CULVER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1230
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 3 BRUCKAL CULVER DUPLEX MCR 129927
Subdivision: BRUCKAL CULVER DUPLEX
Assessor's Map #: 31
Assessor's Parcel #: 140
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 111-31-140-A
Legal: LOT 3 BRUCKAL CULVER DUPLEX MCR 129927
Census Tract: 113000
Tax Municipality: Phoenix
Taxes: 8731
Tax Year: 2023
Marketing Name: Culver 4-Plex
General Property Description
Lot Size Dimensions: 62 x 150
Year Built: 2021
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: 1
Zoning: DTC-ROOS
Flood Zone: No
Elementary School: Kenilworth Elementary School
Jr. High School: Kenilworth Elementary School
High School: Phoenix Union Bioscience High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Central Ave. and Culver St.
Directions: West on Culver to 3rd Ave. Property is at the Northwest corner of Culver and 3rd Ave.
Geo Lat: 33.463018
Geo Lon: -112.078437
Status Change Info
Status Change Date: 2024-04-13
Legal Info
Township: 1N
Range: 3E
Section: 5
Lot Number: 3
Income & Expenses
Annual Elec Exp: 7200
Annual Ins Exp: 2000
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 20331
Gross Annual Sch Inc: 151200
Adjusted Gross Inc: 151200
Net Operating Income: 130900
Pmt & Rate Info
Cap Rate: 4.76
Down Payment %: 50
Monthly Payments: 10000
Equity: 2750000
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 3150
Avg SqFt: 1100
# Baths: 2
Contact Info
List Agent Home Phn: 480-227-4710
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building; Personal Property
Payment Includes: Principal; Interest; Taxes; Insurance
Community Amenities: No Pool; Play Area; Barbecue
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Fenced; Partially Fenced; Cable TV Available; Patio/Balcony; Pet Restrictions
Interior Amenities: Partially Furnished; Fire/Smoke Alarm(s); Fire Sprinklers; Vertical Blinds; Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Central; Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Master Meter; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt; Sidewalk(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
New Financing: Cash; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Grace Realty Group, LLC
Last Updated: April - 27 - 2024
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