2929 N 36 Street, Phoenix, AZ 85018
Overview
Description
Supplements: ... (Read more) The unit mix is composed of studio, one and two bedroom floor plans that are spacious and very well designed and range in size from 329 to 910 square feet. The units have been completely renovated with exposed ceramic tile and faux wood vinyl flooring, new contemporary cabinetry with brushed nickel hardware, granite countertops, full-size appliances with glass-top stove, modern bathroom vanities, thermostats, LED lighting fixtures, low flow toilets, interior doors, and new ceiling fans. The property is situated on approximately 1.36 acres and has attractive low-water use landscaping with mature shade trees and desert plants. Exterior renovations include two-toned paint and trim, new chiller tower with a 6 panel solar system dedicated to the chiller, LED exterior light fixtures, an attractive monument sign, dual pane, energy efficient windows, parking lot re-seal and stripe, resurfaced, dual-drain swimming pool with new pool equipment, unit entry doors, and security gates and fencing. Canberra offers an investor the rare opportunity to acquire an extensively renovated asset located in a dynamic east Phoenix location priced below replacement cost. In the fourth quarter of 2015, the submarket rents averaged $1.23 per square foot, 21% greater than the metropolitan Phoenix average. With the strong submarket fundamentals coupled with the Phoenix market's continual improvement and recovery, Canberra is well positioned to achieve continual revenue increase.
Listing Details MLS# 5401236
Location, Tax & Legal
- Map Code/Grid
- P35
- House Number
- 2929
- Compass
- N
- Street Name
- 36
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85018
- County Code
- Maricopa
- Assessor Number
- 127-22-010-a
- Tax Year
- 2015
- Assessor's Map #
- 22
- Assessor's Parcel #
- 10
- Assessor Parcel Ltr
- a
- Add'l Parcels
- No
- Tax Municipality
- Maricopa - COUNTY
- Taxes
- 23328.56
- Legal
- .
- Marketing Name
- Canberra
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 59242
- Year Built
- 1971
- Uncvrd Parking Spcs
- 37
- Total # of Units
- 64
- # of Buildings
- 5
- Zoning
- R-4A
- Elementary School District
- Creighton Elementary District
- High School District
- Phoenix Union High School District
Status Change Info
- Off Market Date
- 2016-09-02
- Under Contract Date
- 2016-07-01
- Close of Escrow Date
- 2016-09-01
Legal Info
- Lot Number
- 7
More Information
Income Expenses
- Net Operating Income
- 292735
Efficiency Units
- # Efficiency Units
- 20
- Avg Rent
- 613
- Avg SqFt
- 402
- # Baths
- Yes
1 Bedroom Units
- # 1 Bedroom Units
- 20
- Avg Rent
- 725
- Avg SqFt
- 491
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 24
- Avg Rent
- 840
- Avg SqFt
- 772
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 602-735-5634
Sold Info
- Loan Type
- Conventional
- Payment Type
- Fixed
- 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
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Wood
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- 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
- 23328.56
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Pmt & Rate Info
- Cap Rate
- 7.19
- Down Payment
- 0
- Equity
- 4070000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
Heating
- Central
- Yes
Cooling
- Chiller System
- Yes
Exterior Amenities
- Fenced
- Yes
- Patio/Balcony
- Yes
- Security Light(s)
- Yes
Interior Features
- Other (See Remarks)
- Yes
Tenant Pays
- None
- Yes
Appliances Included
- Dishwasher
- Yes
- Microwave
- 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
- Carport
- Yes
- Paved
- Yes
Electric
- Master Meter
- Yes
Gas
- Master Meter
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Electric
- Yes
- Gas
- Yes
New Financing
- Conventional
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- 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
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
