2936 E VAN BUREN Street, Phoenix, AZ 85008

$3,800,000

Virtual Tour

https://www.tourfactory.com/idxr3059546

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,800,000 Last Modified: 6/26/2024

Overview

Description

28 Casita style units (single story) with 760 square feet of retail space on Van Buren. 16 Buildings total. Nearly 100% renovated, new construction down to studs within past few years. 26 units are 1 bedroom/1 bath, 2 units are 2 bedroom/1 bath. New asphalt parking lot. All units are separately metered. Coin laundry room. 93% occupancy, final unit to be completed in next two months, then ready to lease.

Listing Details MLS# 6528308

Location, Tax & Legal

Map Code/Grid: Q35
House Number: 2936
Compass: E
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 6845
Country: US
County Code: Maricopa
Assessor Number: 121-68-063-B
Tax Year: 2022
Assessor's Map #: 68
Legal Description (Abbrev): BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD
Assessor's Parcel #: 63
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113502
Taxes: 15578
Legal: BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD
Marketing Name: 28 Units - Sin Agua Falls

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irregular
Year Built: 1945
Uncvrd Parking Spcs: 34
Total # of Units: 28
# of Buildings: 16
Zoning: C-3
Flood Zone: No
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 30th Street & Van Buren
Directions: North side of Van Buren at 29th Street.

Status Change Info

Off Market Date: 2024-04-25
Under Contract Date: 2024-04-24
Close of Escrow Date: 2024-06-25

Legal Info

Township: 1N
Range: 3E
Section: 2
Lot Number: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: 26
Avg SqFt: 380
# Baths: Yes
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 2
Avg SqFt: 508
# Baths: Yes
Avg Rent: 0

Contact Info

List Agent Home Phn: 602-620-1453

Sold Info

Loan Type: Cash to Loan
Loan Years: 30
Payment Type: Fixed
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

Other Type

Other (See Remarks): Yes

Construction

Block: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15578
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 4800000
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

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Cable TV Available: Yes

Interior Features

Unfurnished: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
1 Space/Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

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

New Financing

Cash to Loan: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: 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 Other Type: Other (See Remarks) Construction: Block Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Cable TV Available Interior Features: Unfurnished; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit; Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash to Loan Environmental: None

Listing Office: MCG Realty

Last Updated: June - 26 - 2024