2000 N 36th Street, Phoenix, AZ 85008
$11,350,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$11,350,000
Last Modified:
9/21/2023
Overview
Description
Great infill location in Phoenix! Close to Biltmore Fashion Park, Phoenix Sky Harbor, ASU and much more. The Grove on Palm Lane consists of 42 townhome units that are all for-rent. The development consists of 42 two-story single-family homes comprised of 18 buildings of two semi-detached homes and six fully detached homes. There are 36 larger units of over 1,800 square feet with two-car garages and six units of over 1,600 square feet with a single car garage. The lot size is 49,500 square feet. The overall architecture of the exterior is a contemporary style and the interior has higher end finishes consisting of just under 10-foot main floor ceilings, maple/cherry cabinetry and larger trim for base and case. Construction now complete.
Listing Details MLS# 5831544
Location, Tax & Legal
- Map Code/Grid
- P35
- House Number
- 2000
- Compass
- N
- Street Name
- 36th
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85008
- County Code
- Maricopa
- Subdivision
- GROVE ON PALM LANE
- Assessor Number
- 120-15-137
- Tax Year
- 2018
- Assessor's Map #
- 15
- Legal Description (Abbrev)
- LOT 1 GROVE ON PALM LANE MCR 133021
- Assessor's Parcel #
- 137
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Taxes
- 0
- Legal
- Lots 1-42 Grove on Palm
- Marketing Name
- The Grove on Palm
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 569' x 162'
- Year Built
- 2018
- Total # of Units
- 42
- # of Buildings
- 18
- Zoning
- R-4
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- 36th Street & Palm Lane
Status Change Info
- Off Market Date
- 2018-12-28
- Under Contract Date
- 2018-11-29
- Close of Escrow Date
- 2018-12-28
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 36
- Lot Number
- 1-42
More Information
3 Bedrooms Units
- # 3 Bedroom Units
- 42
- Avg Rent
- 1860
- Avg SqFt
- 18230
- # Baths
- 25
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- 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
Construction
- Block
- Yes
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Other
- Yes
Floors
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Building(s) Only
- 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
- Yes
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 0
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Pmt & Rate Info
- Down Payment
- 12595800
- Equity
- 11600000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Other
- Yes
- See Remarks
- Yes
Cooling
- Other
- Yes
- See Remarks
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- 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
- Garage
- Yes
- On Street
- Yes
- Attached
- Yes
Electric
- SRP
- Yes
Gas
- Other (See Remarks)
- Yes
Owner Pays
- Other
- Yes
- See Remarks
- Yes
New Financing
- Conventional
- 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
- Other (See Remarks)
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Remarks)
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
2 Bedroom Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
25 - 50 Units
Construction:
Block; Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Other
Floors:
Ceramic Tile; Carpet
Sale Includes:
Building(s) Only
Community Features:
No Pool
Appliances Included:
Other
Heating:
Other; See Remarks
Cooling:
Other; See Remarks
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
Other (See Remarks)
Parking Features:
Garage; On Street; Attached
Road Surface Type:
Asphalt
Owner Pays:
Other; See Remarks
Tenant Pays:
Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data:
Owner
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
Environmental:
Other (See Remarks)
Listing Office:
City to City Commercial
Last Updated: September - 21 - 2023
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