Long Shot Phoenix Avenue, Phoenix, AZ 85032 (MLS# 5391285)

Long Shot Phoenix Avenue, Phoenix, AZ 85032

$3,600,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,600,000 Last Modified: 1/16/2025

Overview

Description

This is a 37 Single Family Home Portfolio with a ROI of 8% based on current discounted rate. All homes have Tenants that are in a lease option position. Title held in the current entity name.

Listing Details MLS# 5391285

Location, Tax & Legal

Map Code/Grid
M32
House Number
Long Shot
Street Name
Phoenix
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85032
Country
US
County Code
Maricopa
Assessor Number
143-12-396
Tax Year
2015

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
80 x 100
Year Built
1970
Uncvrd Parking Spcs
2
Total # of Units
37
# of Buildings
37
Zoning
R1-6
Elementary School District
Peoria Unified School District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
Varies
Directions
Ask for information

Status Change Info

Off Market Date
2016-05-09
Under Contract Date
2016-05-05
Close of Escrow Date
2016-07-15

Legal Info

Lot Number
1-37

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg SqFt
900

3 Bedrooms Units

# 3 Bedroom Units
27
Avg SqFt
1200

4 Bedrooms Units

# 4 Bedroom Units
8
Avg SqFt
1200

Income Expenses

Net Operating Income
310168

Contact Info

List Agent Home Phn
602-942-3599

Sold Info

Loan Type
Cash to Loan
Loan Years
20
Payment Type
Graduated
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame Const - Finish: Other (See Remarks) Roofing: Composition Floors: Concrete Sale Includes: Land & Building Community Features: No Pool Appliances Included: Free-Standing Range Cooling: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS; SRP Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV Source of Fincl Data: Owner; Projected Proforma Existing 1st Loan: Treat as Free&Clear 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: Other (See Remarks) Environmental: None
IDX
Listing Office: DeLex Realty
Last Updated: January - 16 - 2025
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