3710 E MCDOWELL Road, Phoenix, AZ 85008 (MLS# 5441417)

3710 E MCDOWELL Road, Phoenix, AZ 85008

$3,600,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,600,000 Last Modified: 12/09/2024

Overview

Description

Papago View Apartments consists of spacious one bedroom floor plans with a portion of them having private patios that are in high demand. current ownership has made significant renovations to the property. Exterior renovations include paint and stucco, a new foam roof, complete parking lot seal & stripe, new pool(plaster, tile, motor, decking), all new landscaping with drip system, low-maintenance desert rock, shrubs, and palm trees. interior renovations include ceramic tile flooring, appliances, water heaters, toilets, tiled shower enclosures, sunscreens, and countertops. Papago View offers the opportunity to purchase a truly unique apartment community located in the high demand rental neighborhood in East Phoenix that is turn-key for a new owner. Call for a showing today!

Listing Details MLS# 5441417

Location, Tax & Legal

Map Code/Grid: P38
House Number: 3710
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 4319
County Code: Maricopa
Subdivision: PAPAGO VISTA
Assessor Number: 120-12-111
Tax Year: 2015
Assessor's Map #: 12
Legal Description (Abbrev): PAPAGO VISTA LOT 6 EX S 7' FOR RD & EX N 20' FOR ALLEY BLK 13
Assessor's Parcel #: 111
Add'l Parcels: Yes
Tax Municipality: Maricopa - COUNTY
Census Tract: 111402
Taxes: 14300
Legal: PAPAGO VISTA LOT 6 EX S 7' FOR RD & EX N 20' FOR ALLEY BLK 13
Marketing Name: Papago View Apartments

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 338' x 134'
Year Built: 1979
Uncvrd Parking Spcs: 64
Total # of Units: 50
# of Buildings: 3
Zoning: R5
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 40th st & McDowell Rd
Directions: Head West on Mcdowell from 40th st just past 38th st Property entry is on the North side of Rd

Status Change Info

Off Market Date: 2016-11-14
Under Contract Date: 2016-08-11
Close of Escrow Date: 2016-11-21

Legal Info

Lot Number: 120-12-111

More Information

1 Bedroom Units

# 1 Bedroom Units: 50
Avg Rent: 600
Avg SqFt: 556
# Baths: Yes

2 Bedroom Units

Avg SqFt: 556
Avg Rent: 0

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
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

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes

Floors

Ceramic Tile: Yes

Sale Includes

Land & Building: Yes
Pool Equipment: Yes
Laundry Equipment: 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: 14300
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Down Payment: 0
Equity: 3700000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

Pool: Yes
Manager Res/Office: Yes
Barbecue: Yes

Heating

Natural Gas: Yes

Cooling

Electric: Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Built-In Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
<1 Space Per Unit: Yes
Paved: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

SW Gas: Yes

Owner Pays

Landscaping: Yes
Pool Maintenance: Yes

New Financing

Conventional: Yes
1031 Exchange: 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

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: 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: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Floors: Ceramic Tile Sale Includes: Land & Building; Pool Equipment; Laundry Equipment Community Features: Pool; Manager Res/Office; Barbecue Appliances Included: Built-In Range; Refrigerator Heating: Natural Gas Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: SW Gas Parking Features: <1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: Landscaping; Pool Maintenance Tenant Pays: Water; Sewer; Electricity; Gas; 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; 1031 Exchange Environmental: None

Listing Office: Traw Realty

Last Updated: December - 09 - 2024