$4,300,000
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SOLD DATE : 03/31/2022
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6327872
Sold Date 03/31/22
Maintenance Fees $6,000
Year Built 2022
Annual Tax Amount $3,312
Tax Year 2021
Lot Dimensions 200' x 109'
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Polk Bungalows, a currently under construction, boutique 10-unit single family built to rent community situated on a one half acre parcel in Downtown Phoenix, Arizona. This one-of-a-kind property featuring tastefully designed, modern architecture by Aaron Bass of Stance Architecture is located in the rapidly gentrifying historic district of Garfield, minutes away from and 1 mile walking distance to both Downtown Phoenix and nationally recognized Roosevelt Row Arts District - contributing to a high rental demand and strong tenant base for this vibrant urban infill location. The property consists of a single freestanding 1,378 square foot historic house originally built in 1900 offering 2 bedrooms and 2 baths, and currently being rebuilt from the inside out with modern amenities and high end finishes, as well as 9 modern and sleek casita bungalows offering 1 bedroom 1.5 bath spacious floor plans with 884 square feet. Polk Bungalows will provide an attractive and coveted urban rental experience with unique architectural features of: expansive floor to ceiling windows and doors, ground concrete floors, modern finishes and fixtures throughout, vegetation walls, and private patio spaces.
Construction is scheduled to be completed by the end of February 2022, with the property manager set to begin pre-leasing in January 2022.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R-5, HP
Direction Wast on Van Buren, North on 14th St, West on Polk. Property on South side.
Interior
Heating Individual, Electric
Cooling Electric, Heat Pump, Individual
Flooring Concrete
Appliance Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Assigned, >1 Space Per Unit, 1 Space/Unit, On Street, Carport
Community Features Other, No Pool
Roof Type Composition,Metal
Private Pool No
Building
Sewer Sewer-In & Connected, Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
Elementary Schools Kenilworth Elementary School
Middle Schools Whittier Elementary School - Phoenix
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-25-174
Acceptable Financing Other (See Remarks), No Carry, Conventional, 1031 Exchange
Disclosures Seller Prop Disc Stm, ALTA Survey Availbl
Listing Terms Other (See Remarks), No Carry, Conventional, 1031 Exchange
Financing Conventional
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