4750 N 28th Street, Phoenix, AZ 85016
$4,000,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,000,000
Last Modified:
12/27/2024
Overview
Description
Tres Arcos is a 25-unit apartment community located in the heart of Phoenix. Nestled among historic neighborhoods and highly renovated properties, Tres Arcos is located one block from the Arizona Biltmore. Residents enjoy the close proximity to Biltmore Fashion Park and all the amenities within the Camelback Corridor. Tres Arcos is an extremely desirable location for residents and has consistently stayed fully occupied. Tres Arcos is a 1969 block-constructed property consisting of seven single-level buildings. It's vintage charm lends itself to the popular mid-century modern renovation trend that is in high demand by residents and investors alike. The property consists of all two-bedroom units with individual backyards and covered parking for each unit.
Supplements:
Listing Details MLS# 5643626
Location, Tax & Legal
- Map Code/Grid
- P35
- House Number
- 4750
- Compass
- N
- Street Name
- 28th
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85016
- County Code
- Maricopa
- Assessor Number
- 163-18-083-F
- Tax Year
- 2016
- Assessor's Map #
- 18
- Assessor's Parcel #
- 83
- Assessor Parcel Ltr
- F
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Taxes
- 13110
- Legal
- see title report
- Marketing Name
- Tres Arcos
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- unknown
- Year Built
- 1969
- Uncvrd Parking Spcs
- 12
- Total # of Units
- 25
- # of Buildings
- 7
- Zoning
- R-3
- Elementary School District
- Madison Elementary District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- 28th Street & Camelback Road
- Directions
- South on 28th Street to Property.
Status Change Info
- Off Market Date
- 2017-10-11
- Under Contract Date
- 2017-09-26
- Close of Escrow Date
- 2017-12-29
Legal Info
- Lot Number
- unknown
More Information
Income Expenses
- Gross Annual Sch Inc
- 360000
- Net Operating Income
- 214061
2 Bedroom Units
- # 2 Bedroom Units
- 25
- Avg Rent
- 1200
- Avg SqFt
- 803
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 10
- 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
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Pool Equipment
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 4000
- Annual Gas Exp
- 850
- Annual Ins Exp
- 5000
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 6500
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 7500
- Annual Mgmt Exp
- 12500
- Annual Trash Exp
- 3000
- Annual Wtr/Swr Exp
- 17500
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 7500
- Annual Other Expense
- 0
- Operating Exp
- 77460
- Other Income
- 20550
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 361522.5
Pmt & Rate Info
- Cap Rate
- 5.35
- Down Payment
- 0
- Equity
- 3999999
- 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
- 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
- Carport
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Other (See Remarks)
- 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
- 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
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom 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:
Vinyl; Ceramic Tile; Carpet
Sale Includes:
Land & Building; Pool Equipment; Laundry Equipment
Community Features:
Pool
Appliances Included:
Built-In Range; Refrigerator
Cooling:
Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
Carport; 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:
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:
None
Listing Office:
ABI Multifamily
Last Updated: December - 27 - 2024
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