5624 N 6TH Street, Phoenix, AZ 85012
$3,775,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,775,000 Last Modified: 2/16/2025
Overview
Description
Listing Details MLS# 6042037
Location, Tax & Legal
- Map Code/Grid
- N34
- House Number
- 5624
- Compass
- N
- Street Name
- 6TH
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85012
- Zip4
- 1300
- Country
- US
- County Code
- Maricopa
- Subdivision
- CAMEL SQUARE
- Assessor Number
- 162-35-021
- Tax Year
- 2019
- Assessor's Map #
- 35
- Legal Description (Abbrev)
- LOT 22 CAMEL SQUARE MCR 004120
- Assessor's Parcel #
- 21
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Census Tract
- 107500
- Taxes
- 3015
- Legal
- APN 162-35-021, 162-35-020, 162-35-019, 162-35-018, 162-35-017
- Marketing Name
- The Madison
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 58,800
- Year Built
- 1949
- Uncvrd Parking Spcs
- 20
- Total # of Units
- 18
- # of Buildings
- 6
- Zoning
- R-3
- Elementary School District
- Madison Elementary District
- High School District
- Phoenix Union High School District
- Elementary School
- Madison Elementary School
- Jr. High School
- Madison Meadows School
- High School
- Central High School
Remarks Misc
- Cross Street
- 7th St. & Bethany Home
- Directions
- South to Montebello. West to 6th St. South to property
Status Change Info
- Off Market Date
- 2021-05-08
- Under Contract Date
- 2021-02-22
- Close of Escrow Date
- 2021-04-15
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 17
- Lot Number
- 22
More Information
Income Expenses
- Net Operating Income
- 240759
1 Bedroom Units
- # 1 Bedroom Units
- 11
- Avg Rent
- 1295
- Avg SqFt
- 628
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 6
- Avg Rent
- 1495
- Avg SqFt
- 900
- # Baths
- Yes
3 Bedrooms Units
- # 3 Bedroom Units
- Yes
- Avg Rent
- 1595
- Avg SqFt
- 950
- # Baths
- 2
Sold Info
- Loan Type
- Conventional
- Loan Years
- 15
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Wood
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 10800
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3600
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 3600
- Annual Maint Exp
- 4500
- Annual Mgmt Exp
- 15179
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 2700
- Operating Exp
- 43394
- Other Income
- 26440
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 25118
Pmt & Rate Info
- Cap Rate
- 5.63
- Down Payment
- 0
- Equity
- 4275000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Payment Includes
- Principal
- Yes
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Community Features
- No Pool
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Green Landscaping
- Yes
- Separate Storage
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
Appliances Included
- Microwave
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- <1 Space Per Unit
- Yes
- Paved
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- 1031 Exchange
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Wood Sale Includes: Land & Building Payment Includes: Principal Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Separate Storage Interior Features: Unfurnished Appliances Included: Built-In Range; Microwave Heating: Natural Gas Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: Carport; <1 Space Per Unit; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Water; Sewer; Trash Collection Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Existing 1st Loan: Conventional Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; 1031 Exchange; Other (See Remarks) Environmental: None
Listing Office: Taylor Street Realty Services
Last Updated: February - 16 - 2025
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