109 E BROADWAY Road OFC, Tempe, AZ 85282

$7,850,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $7,850,000 Last Modified: 1/15/2021

Overview

Description

Unit Features: • Faux Wood-Plank Vinyl Flooring • Contemporary Cabinetry with Brushed Nickel Hardware • Gourmet Kitchens with Full Size Appliances, Including Dishwashers and Built-In Microwaves • Stainless Steel Sinks with Brushed Nickel Faucets • Modern Bathroom Vanities and Low-Flow Toilets • In-Suite Washer/Dryers • Premium Light Fixtures • Vertical Blinds • Sand-Blasted Block Interior Walls* *Select Units Community Amenities: • Large Central Courtyard with Sparkling Swimming Pool • On-Site Leasing Office with Security Access • Outdoor Bike Storage • Assigned Covered Parking Spaces • Smooth Stucco Facade with Two Toned Paint and Trim • Controlled Access Gates • Dual-Pane Windows • Upgraded Common Area and Walkway Lighting • Barbecue Area and Dog Run

Listing Details MLS# 6119305

Location, Tax & Legal

Map Code/Grid: R37
House Number: 109
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1300
County Code: Maricopa
Subdivision: TEMPE ACRES
Assessor Number: 133-23-023-A
Tax Year: 2019
Unit #: OFC
Assessor's Map #: 23
Legal Description (Abbrev): TEMPE ACRES MCR 30-21 PT LOT 4 N 59F OF W 114.4F OF E 228.8F & N 24F OF W 73.2F OF E 302F & W 20F OF
Assessor's Parcel #: 23
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 319600
Taxes: 15905
Legal: TEMPE ACRES MCR 30-21 PT LOT 4 N 59F OF W 114.4F OF E 228.8F & N 24F OF W 73.2F OF E 302F & W 20F OF
Marketing Name: Decco 109

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 40,233
Year Built: 1964
Uncvrd Parking Spcs: 20
Total # of Units: 40
# of Buildings: 4
Zoning: R-4
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District

Status Change Info

Off Market Date: 2020-10-06
Under Contract Date: 2020-10-06
Close of Escrow Date: 2021-01-14

Legal Info

Township: 1N
Range: 4E
Section: 27
Lot Number: 4

More Information

Income Expenses

Net Operating Income: 407820

1 Bedroom Units

# 1 Bedroom Units: 14
Avg SqFt: 650
# Baths: Yes
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 26
Avg SqFt: 850
# Baths: 2
Avg Rent: 0

Sold Info

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

Project Type

25 - 50 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15905
Other Income: 535800
Vacancy Allowance: 0
Adjusted Gross Inc: 535800

Pmt & Rate Info

Cap Rate: 5.1
Equity: 8000000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Community Features

Pool: Yes
Barbecue: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Exterior Amenities

Other (See Remarks): Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

Individual Meter: Yes

Gas

Master Meter: Yes

Owner Pays

See Remarks: Yes

New Financing

Other (See Remarks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Built-Up Floors: Vinyl Sale Includes: Land & Building Community Features: Pool; Barbecue Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Cooling: Central Air Water Source: Master Meter Sewer: Sewer - Public Electric: Individual Meter Gas: Master Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: See Remarks Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Other (See Remarks) Environmental: None

Listing Office: CBRE, Inc

Last Updated: January - 15 - 2021