$2,250,000
Phoenix, AZ 85051
MLS# 6724561
1 / 64
Property Description
Six total units available! 3 separate buildings, 2 units per building. Each building has its own parcel number, so possibility of splitting property into 3 different owners. All units are 3 bedrooms, 2 baths. Buildings are approximately 2,040 sqft. Each unit has inside laundry and stainless steel appliances, and quartz counter tops. Properties are brand new construction and will be completed in June of 2024.
Details
Maps
Documents
Contract Info
Current Price: $2,250,000
List Price: $2,250,000
Status: Active
List Date: 2024-06-27
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2546
Compass: W
Street Name: STATE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85051
Zip4: 6726
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 98 VISTA INCOME ESTATES UNIT 5 MCR 002112
Subdivision: STATE AVENUE 6 CONDOMINIUMS
Assessor's Map #: 31
Assessor's Parcel #: 163
Add'l Parcels: Yes
Assessor Number: 157-31-163
Legal: 176913 STATE AVENUE 6 CONDOMINIUMS TRACT CE Lots 101, 102, 103, 201, 202, 203
Tax Municipality: Phoenix
Tax Year: 2023
Marketing Name: STATE AVENUE 6
General Property Description
Lot Size Dimensions: 192.02' x 97'
Year Built: 2024
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 3
Zoning: R-3
Flood Zone: No
Elementary School: Washington Elementary School - Phoenix
Jr. High School: Palo Verde Middle School
High School: Washington High School
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: 25th Ave. & State Ave.
Directions: I-17 North, Exit 205, Head West on Glendale Ave., Right on 27th Ave, Right on W State Ave, Destination on you Left
Geo Lat: 33.544976
Geo Lon: -112.114869
Status Change Info
Status Change Date: 2024-07-02
Legal Info
Township: 2N
Range: 2E
Section: 1
Lot Number: 98
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 11100
Vacancy Allowance: 0.05
Adjusted Gross Inc: 10545
Net Operating Income: 109320
Pmt & Rate Info
Cap Rate: 4.86
Equity: 2250000
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 6
Avg Rent: 1900
Avg SqFt: 1020
# Baths: 2
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Other (See Remarks)
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Carport; >1 Space Per Unit; Assigned
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner; Projected Proforma
Special: Owner/Agent
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Reports/Disclosures: Other (See Remarks)
Environmental: None
Proforma Listing Office: FSR Realty
Last Updated: July - 03 - 2024
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