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

Overview

Listing Details MLS# 6155883

Location, Tax & Legal

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
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

Contract Info

Ownership: Fee Simple

General Property Description

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

Remarks Misc

Cross Street: 15th Ave and Hatcher

Status Change Info

Off Market Date: 2021-01-30
Under Contract Date: 2020-11-11
Close of Escrow Date: 2021-03-26

Legal Info

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

More Information

Income Expenses

Gross Annual Sch Inc: 407838
Net Operating Income: 407838

Efficiency Units

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

1 Bedroom Units

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

2 Bedroom Units

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

Sold Info

Loan Type: Other
Loan Years: 13
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

Other Type

Other (See Remarks): Yes

Construction

Other: Yes

Const - Finish

Other (See Remarks): Yes

Roofing

Other: Yes

Floors

Other: Yes

Sale Includes

Building(s) Only: Yes
Personal Property: Yes

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: Yes

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Community Features

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

Heating

Other: Yes
See Remarks: Yes

Cooling

Other: Yes
See Remarks: Yes

Exterior Amenities

Guard Gate: Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes

Appliances Included

Other: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

Other (See Remarks): Yes

Gas

Other (See Remarks): Yes

Owner Pays

Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Other (See Remarks): Yes

Special

Lender / Corporate Approval Required: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Assume - Qualify: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Other (See Remarks): Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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