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$2,850,000
Phoenix, AZ 85014
MLS# 6590525
1 / 31
Property Description
Welcome to an extraordinary investment prospect located near the Phoenix Country Club and Biltmore area. Built in 2022, this modern 4-unit townhome property offers 4 beds, 3.5 baths, and spans 2200 sq ft, providing spacious living accommodations. Nestled in a prime location, this property is designed to cater to tenants who appreciate both convenience and luxury. Each townhome showcases a stylish design, enhanced by high-end finishes and amenities, promising an upscale living experience. Furthermore, the rooftop patios offer breathtaking views of the city and mountains, adding to the allure. With all units currently occupied, this property assures a prompt and consistent income stream for the discerning investor.
Details
Maps
Contract Info
Current Price: $2,850,000
List Price: $2,850,000
Status: Active
List Date: 2023-08-09
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 3616
Compass: N
Street Name: 12TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5149
Country: USA
County Code: Maricopa
Legal Description (Abbrev): ARB LOT KK BEG AT PT ON 1/4 SEC LI 180' N OF SE COR N2 SE4 NW4 TH S 89D 49' W 256.36' TH N 80' TH N
Assessor's Map #: 17
Assessor's Parcel #: 49
Add'l Parcels: No
Assessor Number: 118-17-049
Legal: ARB LOT KK BEG AT PT ON 1/4 SEC LI 180' N OF SE COR N2 SE4 NW4 TH S 89D 49' W 256.36' TH N 80' TH N
Census Tract: 110600
Tax Municipality: Phoenix
Taxes: 2016
Tax Year: 2022
Marketing Name: N/A
General Property Description
Lot Size Dimensions: 161.21x78.86
Year Built: 2022
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 4
Zoning: [R-4];[R1-6]
Flood Zone: No
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 12th St & Indian School
Geo Lat: 33.489877
Geo Lon: -112.056713
Status Change Info
Status Change Date: 2024-01-05
Legal Info
Township: 2N
Range: 3E
Section: 28
Lot Number: KK
Income & Expenses
Annual Ins Exp: 3356.88
Annual Landscape Exp: 2400
Owner Association: No
Operating Exp: 7772.88
Gross Annual Sch Inc: 179711.4
Adjusted Gross Inc: 179711.4
Net Operating Income: 170749
Pmt & Rate Info
Cap Rate: 5.69
Equity: 3000000
4 Bedrooms Units
# 4 Bedroom Units: 4
Avg Rent: 3700
Avg SqFt: 2200
# Baths: 4
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Rolled
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Fenced
Interior Amenities: Fire/Smoke Alarm(s); Fire Sprinklers; Vertical Blinds
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Natural Gas
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking: Garage; Add'l Parking Avail; Paved Parking
Roads/Streets: Concrete
Owner Pays: Landscaping
Tenant Pays: Water; Electric; Gas; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Reports/Disclosures: None
Environmental: None
Listing Office: Launch Powered By Compass
Last Updated: April - 29 - 2024
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