$1,050,000
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SOLD DATE : 12/31/2020
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Shelton Add To Acre City
MLS Listing ID 6152806
Sold Date 12/31/20
Maintenance Fees $8,000
Year Built 1947
Annual Tax Amount $2,652
Tax Year 2020
Lot Dimensions irr
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Welcome to Twelve on 32nd Street Apartments. Centrally located in Phoenix and right across from Celebrity Theater near the Phoenix Airport and freeways. Both parcels of 525 and 526 N 32nd Street Included in sale APN 121-17-026-A and121-17-028-A. Potential to add value and raise rents or possibly add more units are redevelop. These units are rented below market. Current rents on studio's 600 market is 750. Ones are currently 725 market is 900. The three bedroom one bath house is on the second lot with a one bedroom apartment attached. Currently at 1300 and is given a 600 discount for being onsite manger. Market rent 1,500. Currently performing at approximately 6.5 cap and proforma cap 8.77%.
All facts and figures are approximate buyer verify MLS information.
Location
State AZ
County Maricopa
Community Shelton Add To Acre City
Area Maricopa
Zoning Multi
Interior
Flooring Carpet
Appliance FS OvenRange
Exterior
Parking Features Other (See Remarks)
Community Features No Pool
Roof Type Composition,Tile
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 121-17-026-A
Acceptable Financing Conventional
Disclosures Seller Prop Disc Stm
Listing Terms Conventional
Financing Conventional
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Bought with Grace CRE
johnherkenrath@epiquerealty.com
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