4029 W MCDOWELL Road, Phoenix, AZ 85009
$3,450,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,450,000
Last Modified:
2/05/2018
Overview
Description
Casa West is a 32-unit garden-style apartment community located in a desirable west Phoenix neighborhood that was completely rebuilt and repositioned in 2016 with premium finishes. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity. The unit mix is composed of 97% two-bedroom/one-bath floor plans that are spacious, very well designed and average nearly 800 square feet. Casa West offers an investor the rare opportunity to acquire an extensively renovated asset located in a desirable Phoenix location priced below replacement cost.
Listing Details MLS# 5688046
Location, Tax & Legal
- Map Code/Grid
- P33
- House Number
- 4029
- Compass
- W
- Street Name
- MCDOWELL
- St Suffix
- Road
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85009
- County Code
- Maricopa
- Subdivision
- WINONA PARK 5
- Assessor Number
- 106-30-129
- Tax Year
- 2017
- Assessor's Map #
- 30
- Legal Description (Abbrev)
- LOT 625 WINONA PARK 5 MCR 009434
- Assessor's Parcel #
- 129
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Census Tract
- 112601
- Taxes
- 11186.28
- Legal
- LOT 625 WINONA PARK 5 MCR 009434
- Marketing Name
- Casa West
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 202' x 165'
- Year Built
- 1968
- Uncvrd Parking Spcs
- 30
- Total # of Units
- 32
- # of Buildings
- 2
- Zoning
- R-5
- Elementary School District
- Isaac Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 41st Avenue and McDowell Road
Status Change Info
- Off Market Date
- 2018-01-16
- Under Contract Date
- 2017-12-11
- Close of Escrow Date
- 2018-02-01
Legal Info
- Township
- 1N
- Range
- 2E
- Section
- 3
- Lot Number
- 625
More Information
Income Expenses
- Gross Annual Sch Inc
- 359520
- Net Operating Income
- 252299
1 Bedroom Units
- # 1 Bedroom Units
- Yes
- Avg Rent
- 820
- Avg SqFt
- 619
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 31
- Avg Rent
- 940
- Avg SqFt
- 780
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 602-735-5634
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Seller Paid - S
- 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
- Painted
- 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
- 11186.28
- Other Income
- 5745
- Vacancy Allowance
- 0.03
- Adjusted Gross Inc
- 354307.05
Pmt & Rate Info
- Cap Rate
- 6.64
- Down Payment
- 949750
- Equity
- 3799000
- Down Payment %
- 30
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Microwave
- Yes
- Refrigerator
- Yes
- Built-In Range
- Yes
- Washer/Dryer
- 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
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- 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
- None
- 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:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Ceramic Tile
Sale Includes:
Land & Building
Community Features:
No Pool
Exterior Amenities:
Landscape Water System; Desert Landscaping
Interior Features:
Unfurnished
Appliances Included:
Built-In Range; Refrigerator; Microwave; Washer/Dryer
Heating:
Individual
Cooling:
Electric; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
Individual Meter
Gas:
SW Gas
Parking Features:
<1 Space Per Unit; Paved
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity
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:
None
Listing Office:
CBRE, Inc
Last Updated: February - 05 - 2018
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