4625-4631 N 12 Avenue, Phoenix, AZ 85013
$1,600,000
Property Type:
Commercial
Square Footage:
5,624
Lot Size (sq. ft.):
18,200
Status:
Closed
Current Price:
$1,600,000
List Date:
10/06/2021
Last Modified:
12/14/2024
Overview
Description
Listing Details MLS# 22118541
Address Information
- Street #
- 4625-4631
- Direction
- N
- Street Name
- 12
- Suffix
- Avenue
- State/Province
- AZ
- Zip Code
- 85013
- County
- Maricopa
- Country
- USA
Location, Tax & Legal
- Tax Code
- 155-43-186A
- Area
- Maricopa
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 6
- Total Parking
- 8
- Multi-Tenant
- Yes
- Year Built
- 1961
- Lot Dimensions
- irr
- Lot Acres
- 0.42
- Lot Sqft
- 18200
- Lot Size Source
- Assessor
- Combined SqFt
- 5624
- Source of SqFt
- Assessor
- List Price/SqFt
- 302.28
- Lot Size Price/SqFt
- 93.41
Property Features
Property Features:
Smoke Detector; Storage
Construction:
Concrete Block
Roof:
Shingle
Fenced Storage:
No
Main Cooling:
Ceiling Fan(s); Heat Pump
Main Heating:
Heat Pump
Gas:
None
Sewer:
Connected
Water:
Public
Accessibility Option:
None
Security:
Security Lights
Fence:
Wood
Landscape - Front:
Decorative Gravel; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear:
Decorative Gravel; Desert Plantings; Trees
Road Type:
Chip/Seal
Parking:
Free; Parking Structure
Lot Features:
Adjacent to Alley; East/West Exposure
Traffic Count:
Unknown
Terms:
Cash; Conventional
Possession:
Recording
Submit With Offer:
Additional Addendum; Income Property Addendum; Lender Pre-Approval; Proof of Funds
Property Disclosures:
Addendum; Floor Plan; Inventory List; Lead Based Paint; Leases; Marketing Package Available; Plat Map; Seller Prop Disclosure
Special Conditions:
None
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2021-10-08
- Pending Date
- 2021-10-08
- Sold Date
- 2021-12-06
- Sold Price/SqFt
- 284.5
- Lot Sz Sold Prc/SqFt
- 87.91
- Financing
- Conventional
More Information
Showing Information
- Directions
- 11 Ave and Camelback Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.
Income
- Gross Scheduled Rent
- 90240
- Vacancy Loss
- 2707
- Other Income
- 650
- Adjusted Gross
- 88183
- Net Opp Income
- 88183
Analysis
- Cap Rate %
- 3.92
- Gross Rent Multi
- 18.14
- Vacancy Rate %
- 3
Expenses
- Contract Services
- 1200
- Figures Presented
- Actual
- Insurance
- 3155
- Maintenance Supplies
- 3955
- Resident Manager
- 7055
- Taxes/Assessments
- 2697
- Water/Sewer
- 3544
Unit Information
- Apartment
- Low Rise
Apartment Unit Information
- # of Units/2 BR
- 5
- Avg Mo Rent/2 BR
- 1000
- # of Units/3 BR
- Yes
- Avg Mo Rent/3 BR
- 1695
Water Heater
- None
- none
Electric
- Electric Company
- APS
- Master Meter
- No
Landscape - Rear
- Other
- Artificial Grass
Parking
- # Covered Parking
- 6
Submit With Offer
- Seller Title Company
- Empire West Title
Sold Info
- Est. Closing Date
- 2021-12-06
Listing Office:
Gerchick Real Estate
Last Updated: December - 14 - 2024
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