2929 N 36 Street, Phoenix, AZ 85018 (MLS# 5401236)

2929 N 36 Street, Phoenix, AZ 85018

$4,000,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,000,000 Last Modified: 9/02/2016

Overview

Description

Canberra is a 64-unit garden-style apartment community located in a highly desirable east Phoenix neighborhood that was completely renovated and repositioned in 2015 with premium finishes. The property is made of block construction with pitched composition shingle roofs. It is master-metered for electricity with a two-pipe chiller system, the costs for which are reduced by the newly installed solar panel system and new cooling tower.

Supplements: 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 applianc ...

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

Project Type: 51 - 99 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Wood; Ceramic Tile Sale Includes: Land & Building Community Features: Pool Exterior Amenities: Fenced; Patio/Balcony; Security Light(s) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Range; Dishwasher; Microwave Heating: Central Cooling: Chiller System Water Source: City Franchise Sewer: Sewer - Public Electric: Master Meter Gas: Master Meter Parking Features: Carport; Paved Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas Tenant Pays: None Source of Fincl Data: Owner Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed 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: None
Listing Office: CBRE, Inc
IDX
Last Updated: September - 02 - 2016
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