9502 N 15TH Avenue OFC, Phoenix, AZ 85021

$8,300,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $8,300,000 Last Modified: 3/06/2025

More Information MLS# 6155883

Contract Info

Ownership: Fee Simple Current Price: $8,300,000 Sold Price: $8,300,000 Status: Closed List Date: 2020-11-03

Location, Tax & Legal

Unit #: OFC Assessor's Map #: 23 Legal Description (Abbrev): N2 N2 SE4 NE4 SW4 & N2 N2 S2 N2 SE4 NE4 SW4 EX E 33F RD & EX W 25F RD Assessor's Parcel #: 24 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 104501 Taxes: 33554 Legal: N2 N2 SE4 NE4 SW4 & N2 N2 S2 N2 SE4 NE4 SW4 EX E 33F RD & EX W 25F RD Marketing Name: Contempo 15 Map Code/Grid: M34 House Number: 9502 Compass: N Street Name: 15TH St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85021 Zip4: 0800 County Code: Maricopa Assessor Number: 158-23-024 Tax Year: 2020

General Property Description

# of Buildings: 9 Uncvrd Parking Spcs: 143 Lot Size Dimensions: - Total # of Units: 92 Elementary School District: Washington Elementary District High School District: Glendale Union High School District Year Built: 1984 Zoning: r4 MH

Legal Info

Range: 3E Section: 30 Township: 3N Lot Number: -

Project Type

51 - 99 Units: 1

Other Type

Other (See Remarks): 1

Construction

Other: 1

Const - Finish

Other (See Remarks): 1

Roofing

Other: 1

Floors

Other: 1

Sale Includes

Building(s) Only: 1 Personal Property: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 33554 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 407838

Pmt & Rate Info

Cap Rate: 4.53 Equity: 5839000 1st Encumbrance: 3161000 Down Payment %: 65 Monthly Payments: 13987 1st Years Remaining: 13 1st Payment Freq: Monthly Total Owed: 3161000

Payment Includes

Interest: 1

Showing Notification Methods

Phone Call: 1

Lockbox Type

None: 1

Community Features

Pool: 1 Manager Res/Office: 1 Play Area: 1

Heating

Other: 1 See Remarks: 1

Cooling

Other: 1 See Remarks: 1

Exterior Amenities

Guard Gate: 1

Interior Features

Other (See Remarks): 1

Tenant Pays

Water: 1 Sewer: 1 Electricity: 1

Appliances Included

Other: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

Other (See Remarks): 1

Gas

Other (See Remarks): 1

Owner Pays

Trash Collection: 1 Landscaping: 1 Pool Maintenance: 1

New Financing

Other (See Remarks): 1

Special

Lender / Corporate Approval Required: 1

Existing 1st Loan Type

Fixed: 1

Existing 1st Loan Terms

Assume - Qualify: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Existing Othr Ln Trm

Other (See Remarks): 1

Efficiency Units

# Efficiency Units: 12 Avg Rent: 705 Avg SqFt: 560 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 36 Avg Rent: 780 Avg SqFt: 675 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 44 Avg Rent: 928 Avg SqFt: 860 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Other Loan Years: 13 Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: 15th Ave and Hatcher Geo Lat: 33.572781 Geo Lon: -112.092334

Status Change Info

Off Market Date: 2021-01-30 Under Contract Date: 2020-11-11 Close of Escrow Date: 2021-03-26 Sold Price: $8,300,000

Income Expenses

Gross Annual Sch Inc: 407838 Net Operating Income: 407838

Property Features

Project Type: 51 - 99 Units Other Type: Other (See Remarks) Construction: Other Const - Finish: Other (See Remarks) Roofing: Other Floors: Other Sale Includes: Building(s) Only; Personal Property Payment Includes: Interest Community Features: Pool; Manager Res/Office; Play Area Exterior Amenities: Guard Gate Interior Features: Other (See Remarks) Appliances Included: Other Heating: Other; See Remarks Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: Other (See Remarks) Gas: Other (See Remarks) Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Water; Sewer; Electricity Source of Fincl Data: Owner Special: Lender / Corporate Approval Required Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume - Qualify Existing Othr Ln Trm: Other (See Remarks) New Financing: Other (See Remarks) Environmental: None

Listing Office: Commercial Property Connect

Last Updated: March - 06 - 2025