15430 N 25TH Street 0, Phoenix, AZ 85032

$4,250,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $4,250,000 Last Modified: 9/01/2016

Overview

Description

Fernwood Court Condominiums is a private gated community, built in 2010. Consisting of 32-units, each unit has detached 2- car garage, and individually metered.

Listing Details MLS# 5442533

Location, Tax & Legal

Map Code/Grid: L35
House Number: 15430
Compass: N
Street Name: 25TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8044
Country: US
County Code: Maricopa
Subdivision: FERNWOOD COURT CONDOMINIUMS
Assessor Number: 214-40-493
Tax Year: 2015
Unit #: No
Assessor's Map #: 40
Legal Description (Abbrev): FERNWOOD COURT CONDOMINIUMS MCR 1049-36 UNIT 216 (PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGA
Assessor's Parcel #: 493
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 103306
Taxes: 21890
Legal: FERNWOOD COURT CONDOMINIUMS MCR 1049-36 UNIT 216 (PLEASE NOTE: FOR LEGAL DESCRIPTION REFERENCES REGA
Marketing Name: Fernwood Court

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 2.21 Acres
Year Built: 2010
Total # of Units: 32
# of Buildings: 8
Zoning: R-3
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Uncvrd Parking Spcs: 0

Status Change Info

Off Market Date: 2016-06-23
Under Contract Date: 2016-06-23
Close of Escrow Date: 2016-08-31

Legal Info

Township: 3N
Range: 3E
Section: 2
Lot Number: 216

More Information

Income Expenses

Net Operating Income: 227246

3 Bedrooms Units

# 3 Bedroom Units: 32
Avg Rent: 950
Avg SqFt: 1110
# Baths: 2

Contact Info

List Agent Home Phn: 480-887-0640

Sold Info

Loan Type: Conventional
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

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Tile: Yes

Floors

Ceramic Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

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
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Cap Rate: 5.35
Down Payment: 0
Equity: 4250000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Fenced: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Tile Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Garage; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; 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: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Owner May Carry; 1031 Exchange Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: September - 01 - 2016