Long Shot Phoenix Avenue, Phoenix, AZ 85032
$3,600,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,600,000
Last Modified:
1/16/2025
Overview
Description
This is a 37 Single Family Home Portfolio with a ROI of 8% based on current discounted rate. All homes have Tenants that are in a lease option position. Title held in the current entity name.
Listing Details MLS# 5391285
Location, Tax & Legal
- Map Code/Grid
- M32
- House Number
- Long Shot
- Street Name
- Phoenix
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85032
- County Code
- Maricopa
- Assessor Number
- 143-12-396
- Tax Year
- 2015
- Assessor's Map #
- 12
- Assessor's Parcel #
- 396
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Taxes
- 600
- Legal
- Multiple properties
- Marketing Name
- Long Shot 37 SFH
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 80 x 100
- Year Built
- 1970
- Uncvrd Parking Spcs
- 2
- Total # of Units
- 37
- # of Buildings
- 37
- Zoning
- R1-6
- Elementary School District
- Peoria Unified School District
- High School District
- Phoenix Union High School District
Remarks Misc
- Cross Street
- Varies
- Directions
- Ask for information
Status Change Info
- Off Market Date
- 2016-05-09
- Under Contract Date
- 2016-05-05
- Close of Escrow Date
- 2016-07-15
Legal Info
- Lot Number
- 1-37
More Information
Income Expenses
- Net Operating Income
- 310168
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg SqFt
- 900
- Avg Rent
- 0
3 Bedrooms Units
- # 3 Bedroom Units
- 27
- Avg SqFt
- 1200
- Avg Rent
- 0
4 Bedrooms Units
- # 4 Bedroom Units
- 8
- Avg SqFt
- 1200
- Avg Rent
- 0
Contact Info
- List Agent Home Phn
- 602-942-3599
Sold Info
- Loan Type
- Cash to Loan
- Loan Years
- 20
- Payment Type
- Graduated
- 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
- Other (See Remarks)
- Yes
Roofing
- Composition
- Yes
Floors
- Concrete
- 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
- 600
- Other Income
- 0
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 0
- Total Monthly Rental Income
- 25847
Pmt & Rate Info
- Cap Rate
- 8
- Down Payment
- 0
- Equity
- 3877000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Other
- Yes
- See Remarks
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
- Sewer
- Yes
- Electricity
- Yes
- Trash Collection
- Yes
- Cable TV
- Yes
Appliances Included
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- None
- 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
- None
- 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
Property Features
Project Type:
25 - 50 Units
Construction:
Wood Frame
Const - Finish:
Other (See Remarks)
Roofing:
Composition
Floors:
Concrete
Sale Includes:
Land & Building
Community Features:
No Pool
Appliances Included:
Free-Standing Range
Cooling:
Other; See Remarks
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS; SRP
Gas:
None
Parking Features:
1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
None
Tenant Pays:
Water; Sewer; Electricity; Gas; Trash Collection; Cable TV
Source of Fincl Data:
Owner; Projected Proforma
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:
DeLex Realty
Last Updated: January - 16 - 2025
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