4029 W MCDOWELL Road, Phoenix, AZ 85009 (MLS# 5688046)

4029 W MCDOWELL Road, Phoenix, AZ 85009

$3,450,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,450,000 Last Modified: 2/05/2018

Overview

Description

Casa West is a 32-unit garden-style apartment community located in a desirable west Phoenix neighborhood that was completely rebuilt and repositioned in 2016 with premium finishes. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity. The unit mix is composed of 97% two-bedroom/one-bath floor plans that are spacious, very well designed and average nearly 800 square feet. Casa West offers an investor the rare opportunity to acquire an extensively renovated asset located in a desirable Phoenix location priced below replacement cost.

Listing Details MLS# 5688046

Location, Tax & Legal

Map Code/Grid
P33
House Number
4029
Compass
W
Street Name
MCDOWELL
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85009
Country
US
County Code
Maricopa
Subdivision
WINONA PARK 5
Assessor Number
106-30-129
Tax Year
2017

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
202' x 165'
Year Built
1968
Uncvrd Parking Spcs
30
Total # of Units
32
# of Buildings
2
Zoning
R-5
Elementary School District
Isaac Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
41st Avenue and McDowell Road

Status Change Info

Off Market Date
2018-01-16
Under Contract Date
2017-12-11
Close of Escrow Date
2018-02-01

Legal Info

Township
1N
Range
2E
Section
3
Lot Number
625

More Information

1 Bedroom Units

# 1 Bedroom Units
Yes
Avg Rent
820
Avg SqFt
619
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
31
Avg Rent
940
Avg SqFt
780
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
359520
Net Operating Income
252299

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Seller Paid - S
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: 25 - 50 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Desert Landscaping Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator; Microwave; Washer/Dryer Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas Parking Features: <1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: CBRE, Inc
Last Updated: February - 05 - 2018
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