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

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

More Information MLS# 6119305

Contract Info

Ownership: Fee Simple Current Price: $7,850,000 Sold Price: $7,850,000 Status: Closed List Date: 2020-08-18

Location, Tax & Legal

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 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

General Property Description

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

Legal Info

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

Project Type

25 - 50 Units: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Built-Up: 1

Floors

Vinyl: 1

Sale Includes

Land & Building: 1

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: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

Pool: 1 Barbecue: 1

Heating

Electric: 1

Cooling

Central Air: 1

Exterior Amenities

Other (See Remarks): 1

Interior Features

Other (See Remarks): 1

Tenant Pays

Other (See Remarks): 1

Appliances Included

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

Road Surface Type

Asphalt: 1

Source of Fincl Data

Other (See Remarks): 1

Water Source

Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

1 Space/Unit: 1

Electric

Individual Meter: 1

Gas

Master Meter: 1

Owner Pays

See Remarks: 1

New Financing

Other (See Remarks): 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

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

2 Bedroom Units

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

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: 33.406702 Geo Lon: -111.937833

Status Change Info

Off Market Date: 2020-10-06 Under Contract Date: 2020-10-06 Close of Escrow Date: 2021-01-14 Sold Price: $7,850,000

Income Expenses

Net Operating Income: 407820

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