3015 E PARADISE Lane, Phoenix, AZ 85032
$3,525,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,525,000
Last Modified:
6/12/2020
Overview
Description
Fully remodeled turnkey property! The Paradise Square Apartments is a fully renovated and modernized complex with an excellent unit mix of 40 large two-bed and 2 one-bed units in a prime high demand North Phoenix community. The complex consists of two separate properties adding additional value to the assets. All of the units have a back yard or a balcony. Remodeled to the 9's using on trend fixtures and decor. Amenities included gated access, pool, BBQ's outdoor seating and laundry for additional income. Tenants have easy access to Bell Road and the 51 freeway. Individually metered! Sale includes 3029 E Paradise.
Listing Details MLS# 5769191
Location, Tax & Legal
- Map Code/Grid
- L35
- House Number
- 3015
- Compass
- E
- Street Name
- PARADISE
- St Suffix
- Lane
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85032
- Zip4
- 8219
- County Code
- Maricopa
- Subdivision
- KAY ACRES 3 LOTS 38-40, 42-45, 47-50
- Assessor Number
- 214-36-003-E
- Tax Year
- 2017
- Assessor's Map #
- 36
- Legal Description (Abbrev)
- KAY ACRES 3 LOT 28 W 149.78' OF E 449.34' EX N 30' RD
- Assessor's Parcel #
- 3
- Assessor Parcel Ltr
- E
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 103304
- Taxes
- 15281
- Legal
- KAY ACRES 3 LOT 28 W 149.78' OF E 449.34' EX N 30' RD
- Marketing Name
- Paradise Square Apartment
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- UNK
- Year Built
- 1985
- Uncvrd Parking Spcs
- 56
- Total # of Units
- 42
- # of Buildings
- 4
- Zoning
- R-3
- Elementary School District
- Paradise Valley Unified District
- High School District
- Paradise Valley Unified District
Remarks Misc
- Cross Street
- Paradise Lane and 32nd Street
- Directions
- West on Paradise to property on South Side of Street
Status Change Info
- Off Market Date
- 2018-06-28
- Under Contract Date
- 2018-06-27
- Close of Escrow Date
- 2018-08-24
Legal Info
- Township
- 3N
- Range
- 3E
- Section
- 2
- Lot Number
- 28
More Information
1 Bedroom Units
- # 1 Bedroom Units
- 2
- Avg Rent
- 650
- Avg SqFt
- 760
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 40
- Avg Rent
- 750
- Avg SqFt
- 820
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Payment Type
- Adjustable
- 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
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- 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
- 15281
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
Pmt & Rate Info
- Down Payment
- 0
- Equity
- 3595000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Central Air
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- 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
- >1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- APS
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Gas
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Other (See Remarks)
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- 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
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
25 - 50 Units
Construction:
Block
Const - Finish:
Stucco
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
Pool
Appliances Included:
Free-Standing Range; Refrigerator
Cooling:
Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
>1 Space Per Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Gas; Trash Collection; Landscaping
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Existing 1st Loan:
Other (See Rmks)
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Not Applicable
Existing 2nd Loan:
Other (See Remarks)
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Other (See Remarks)
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Other (See Remarks)
Environmental:
Other (See Remarks)
Listing Office:
GPCI AZ
Last Updated: June - 12 - 2020
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