2680 South Val Vista Drive Suite 101 Gilbert AZ 85295
$1,149,000
4012 N 15TH AvenuePhoenix, AZ 85015
MLS# 6584113
Status: UCB (Under Contract-Backups)
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Property Description
4012 N 15th Ave is a 5-Unit apartment community built in 1959. Comprised 100% of spacious 2-Bed/1-Bath units, each of which boasts 800 sq ft of living space and vaulted ceilings. This block construction apartment building was extensively renovated in 2023. Interiors were remodeled with new flooring, cabinets, countertops, SS appliances, bathrooms/showers, plumbing, doors, and more. The exterior of the building was enhanced with all new paint/finishes, roof, desert landscaping, a newly rebuilt carport, electrical upgrades, two new HVAC units, and the addition of a shared community laundry space. Tenants also enjoy large private/gated back patios and covered parking spaces. All work was completed by a licensed general contractor and was recently inspected and approved by the City of Phoenix
Details
Maps
Contract Info
Current Price: $1,149,000
List Price: $1,149,000
Status: UCB (Under Contract-Backups)
List Date: 2023-07-24
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4012
Compass: N
Street Name: 15TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 5210
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 2 BLOCK 2 PARK FAIRMONT AMD MCR 004848
Subdivision: PARK FAIRMONT AMD
Assessor's Map #: 8
Assessor's Parcel #: 14
Add'l Parcels: No
Assessor Number: 110-08-014
Legal: LOT 2 BLOCK 2 PARK FAIRMONT AMD MCR 004848
Census Tract: 110400
Tax Municipality: Phoenix
Taxes: 2414
Tax Year: 2022
Marketing Name: 4012 North 15th Avenue
General Property Description
Lot Size Dimensions: 10723
Year Built: 1959
Total # of Units: 5
# of Buildings: 1
Zoning: R-5
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: North 15th Avenue & West Indian School Road
Geo Lat: 33.493646
Geo Lon: -112.091715
Status Change Info
Status Change Date: 2024-04-25
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 2N
Range: 3E
Section: 30
Block: 2
Lot Number: 2
Income & Expenses
Owner Association: No
Operating Exp: 2414
Gross Annual Sch Inc: 99000
Other Income: 1000
Vacancy Allowance: 0.04
Adjusted Gross Inc: 96000
Totl Mnth Rntal Inc: 8250
Net Operating Income: 74744
Pmt & Rate Info
Cap Rate: 6.25
Equity: 1195000
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 1650
Avg SqFt: 800
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Separate Storage
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: Individual Meter
Parking: Carport; 1 Space/Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: April - 29 - 2024
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Sunday 5th of May 2024 06:32 AM