1826 N 51st Street, Phoenix, AZ 85008

$5,250,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $5,250,000 Last Modified: 10/05/2024

More Information MLS# 6651091

Contract Info

Ownership: Fee Simple Current Price: $5,250,000 Sold Price: $5,250,000 Status: Closed List Date: 2024-01-16

Location, Tax & Legal

Assessor's Map #: 20 Assessor's Parcel #: 6 Assessor Parcel Ltr: B Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 13022 Legal: to be provided at title Marketing Name: Desert Villa House Number: 1826 Compass: N Street Name: 51st St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 County Code: Maricopa Assessor Number: 126-20-006-B Tax Year: 2023

General Property Description

# of Buildings: 7 Uncvrd Parking Spcs: 23 Lot Size Dimensions: unknown Total # of Units: 29 Elementary School District: Balsz Elementary District High School District: Phoenix Union High School District Year Built: 1981 Zoning: R-3

Project Type

25 - 50 Units: 1

Construction

Wood Frame: 1 Slump Block: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1

Floors

Vinyl: 1 Ceramic Tile: 1

Sale Includes

Land & Building: 1 Laundry Equipment: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 13022 Other Income: 31053 Vacancy Allowance: 0.12 Adjusted Gross Inc: 488270.64

Pmt & Rate Info

Cap Rate: 6.93 Equity: 5500000 Down Payment %: 1 Monthly Payments: 1 Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1

Lockbox Type

None: 1

Community Features

Pool: 1 Barbecue: 1 See Remarks: 1

Heating

Electric: 1

Cooling

Ceiling Fan(s): 1 Electric: 1 Individual: 1

Exterior Amenities

Desert Landscaping: 1

Tenant Pays

Electricity: 1

Appliances Included

Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1 Master Meter: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1 Paved: 1

Electric

SRP: 1 Individual Meter: 1

Gas

None: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1

New Financing

Conventional: 1 Other (See Remarks): 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 21 Avg Rent: 1450 Avg SqFt: 630 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 8 Avg Rent: 1650 Avg SqFt: 830 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional Loan Years: 25 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Geo Lat: 33.468086 Geo Lon: -111.973091

Status Change Info

Off Market Date: 2024-10-04 Under Contract Date: 2024-06-21 Close of Escrow Date: 2024-09-10 Sold Price: $5,250,000

Legal Info

Lot Number: 4

Income Expenses

Gross Annual Sch Inc: 523800 Net Operating Income: 381067

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame; Slump Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: Pool; Barbecue; See Remarks Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Range; Refrigerator; Washer/Dryer Cooling: Ceiling Fan(s); Electric; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: >1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email Lockbox Type: None New Financing: Conventional; Other (See Remarks) Environmental: None

Listing Office: Munroe Multifamily

Last Updated: October - 05 - 2024