10644 N 15th Way, Phoenix, AZ 85020 (MLS# 6198176)
$1,375,000
Phoenix, AZ 85020
MLS# 6198176
Status: Pending
1 / 13
Property Description
12 unit, two story apartment building located in north phoenix. Well maintained building and grounds. 8-2 BR/1 BA and 4-1 BR/1 BA Units. Two laundry rooms with vendor owned equipment. Close to walking paths and hiking. Convenient to schools, shopping and 100% occupied. Priced to sell at 5.9% CAP. Solid investment opportunity. Recent detailed appraisal.
Details
Maps
Contract Info
Current Price: $1,375,000
List Price: $1,375,000
Status: Pending
List Date: 2021-02-21
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: M34
House Number: 10644
Compass: N
Street Name: 15th
St Suffix: Way
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Country: USA
County Code: Maricopa
Assessor's Map #: 22
Assessor's Parcel #: 53
Add'l Parcels: Yes
Assessor Number: 159-22-053
Legal: LOT 1 AND 2 BLOCK 5 HARMONY ACRES MCR 003523
Tax Municipality: Phoenix
Tax District: 691300
Taxes: 2513
Tax Year: 2020
Marketing Name: Mountainside Apartments
General Property Description
Apx Lot Size Range: irr
Year Built: 1984
Uncvrd Parking Spcs: 18
Total # of Units: 12
# of Buildings: 1
Zoning: Multi
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School
Elem School Dist #: 205 - Glendale Union High School District
High School Dist #: 205 - Glendale Union High School District
Remarks & Misc
Cross Street: Peoria and Cave Creek Rd.
Directions: From 7th St and Cave Creek, north to Sahuaro Dr. East to 15th Way. On SWC of Sahuaro Dr. and 15th Way
Geo Lat: 33.58394
Geo Lon: -112.048862
Status Change Info
Status Change Date: 2021-02-27
Off Market Date: 2021-02-27
Under Contract Date: 2021-02-26
Legal Info
Township: 3N
Range: 3E
Lot Number: 1, 2
Income & Expenses
Annual Elec Exp: 1196
Annual Ins Exp: 2160
Annual Landscape Exp: 3300
Annual Legal & Acctg: 6000
Annual Maint Exp: 10376
Annual Mgmt Exp: 6124
Annual Trash Exp: 5309
Annual Wtr/Swr Exp: 5446
Owner Association: No
Annual Rplcmnt Rsrvs: 3000
Operating Exp: 45424
Gross Annual Sch Inc: 128621
Vacancy Allowance: 0.05
Adjusted Gross Inc: 122189.95
Totl Mnth Rntal Inc: 10718.42
Net Operating Income: 81100
Pmt & Rate Info
Cap Rate: 5.9
Equity: 1375000
Showing Instructions
To Schedule Showing: Contact Via Email
Primary Showing Contact: Listing Agent
ARMLS Lockbox: No
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 829
Avg SqFt: 480
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 885
Avg SqFt: 690
# Baths: 1
Contact Info
List Agent Cell Phn: 480-283-3740
List Agent Cell Phn2: 480-283-3740
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Tile
Floors: Concrete; Vinyl/Composition; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping
Interior Amenities: Unfurnished; Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator
Heating: Electric; Individual
Cooling: Electric Refrigeratd; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: CTL
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible
Environmental: None
Listing Office: Keller Williams Realty Sonoran
Last Updated: February - 27 - 2021
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Tuesday 2nd of March 2021 07:57 PM