7141 N 19TH Avenue, Phoenix, AZ 85021

$4,400,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $4,400,000 Last Modified: 12/29/2024

Overview

Description

Drive by only. Please contact for showings and property tours.

Listing Details MLS# 5668162

Location, Tax & Legal

Map Code/Grid: N34
House Number: 7141
Compass: N
Street Name: 19TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 8514
County Code: Maricopa
Subdivision: WEST ORANGEWOOD
Assessor Number: 157-16-020-A
Tax Year: 2017
Assessor's Map #: 16
Legal Description (Abbrev): W ORANGEWOOD N 198F LOT 8 EX E 208F & EX W 7F & ALSO S 20F MYRTLE AVE LY ADJ N LI LOT 8 P/D 3316/196
Assessor's Parcel #: 20
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 106100
Taxes: 17446
Legal: W ORANGEWOOD N 198F LOT 8 EX E 208F & EX W 7F & ALSO S 20F MYRTLE AVE LY ADJ N LI LOT 8 P/D 3316/196
Marketing Name: Twillingate

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 1.92 Acres
Year Built: 1973
Uncvrd Parking Spcs: 17
Total # of Units: 52
# of Buildings: 4
Zoning: Pad-14
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District

Remarks Misc

Cross Street: 19th Ave & Myrtle Ave

Status Change Info

Off Market Date: 2018-01-17
Under Contract Date: 2018-01-17
Close of Escrow Date: 2018-02-16

Legal Info

Township: 2N
Range: 3E
Section: 6
Lot Number: 8

More Information

Income Expenses

Net Operating Income: 282026

1 Bedroom Units

# 1 Bedroom Units: 32
Avg Rent: 800
Avg SqFt: 700
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 20
Avg Rent: 925
Avg SqFt: 900
# Baths: Yes

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

51 - 99 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes
Rolled: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Building(s) Only: Yes
Land & Building: Yes
Personal Property: Yes
Pool Equipment: Yes
Other (See Remarks): 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
Operating Exp: 17446
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Cap Rate: 6.41
Down Payment: 1320000
Equity: 4400000
Down Payment %: 30
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

Pool: Yes
Manager Res/Office: Yes
Barbecue: Yes

Heating

Central: Yes

Cooling

Central Air: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Desert Landscaping: Yes
Partially Fenced: Yes
Patio/Balcony: Yes

Interior Features

Unfurnished: Yes
Vertical Blinds: Yes

Tenant Pays

None: Yes

Appliances Included

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

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes

Electric

SRP: Yes

Gas

Other (See Remarks): Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Gas: Yes
Trash Collection: Yes
Landscaping: Yes
Other: Yes
See Remarks: Yes

New Financing

Conventional: 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

Treat as Free&Clear: 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

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 51 - 99 Units Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam; Rolled Floors: Vinyl; Ceramic Tile Sale Includes: Building(s) Only; Land & Building; Personal Property; Pool Equipment; Other (See Remarks) Community Features: Pool; Manager Res/Office; Barbecue Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Patio/Balcony Interior Features: Unfurnished; Vertical Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher Heating: Central Cooling: Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: Other (See Remarks) Parking Features: On Street; >1 Space Per Unit; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: None Source of Fincl Data: Projected Proforma; Other (See Remarks) Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear 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; 1031 Exchange Environmental: None

Listing Office: Orion Investment Real Estate

Last Updated: December - 29 - 2024