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2540 W MARYLAND Avenue, Phoenix, AZ 85017

$4,999,950
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,999,950 Last Modified: 9/02/2020

Description

ATTENTION: $1.2M REDUCTION FOR IMMEDIATE CASH SALE! Priced appx. $27.5k a door, and $37.90 sq/ft. Separately metered. Remodeled from top to bottom in 2011-2012.approximately 131,816 livable sq ft. Great unit mix with 75% large two bedroom, 25% large one bedrooms. 100% HOA control. Appx, 11% cap at 80% occupancy. Best multi-family opportunity in Phoenix today. Compare this property to anything comparable and you will be writing a check.

More Information MLS# 4824545

Contract Info

Current Price: $4,999,950 Sold Price: $4,999,950 Status: Closed List Date: 2012-09-25 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: N33 House Number: 2540 Compass: W Street Name: MARYLAND St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85017 Zip4: 6227 Country: USA County Code: Maricopa Assessor Number: 156-02-273 Tax Year: 2012

General Property Description

Lot Size Dimensions: Irregular Year Built: 1985 Uncvrd Parking Spcs: 60 Total # of Units: 192 # of Buildings: 12 Zoning: R4 Elementary School District: Washington Elementary District High School District: Glendale Union High School District

Remarks Misc

Cross Street: 27th ave and Maryland Directions: Head east on Maryland Ave from 27th Ave. Property is on north side of street. Geo Lat: 33.53163 Geo Lon: -112.11484

Status Change Info

Status Change Date: 2012-11-21 Off Market Date: 2012-10-25 Under Contract Date: 2012-10-22 Close of Escrow Date: 2012-11-20 Sold Price: $4,999,950

Legal Info

Township: 2N Range: 2E Section: 12 Lot Number: 249

Income Expenses

Gross Annual Sch Inc: 1003800 Net Operating Income: 504000

1 Bedroom Units

# 1 Bedroom Units: 46 Avg Rent: 480 Avg SqFt: 600 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 135 Avg Rent: 650 Avg SqFt: 700 # Baths: 1

Contact Info

List Agent Home Phn: 602-615-6900

Sold Info

Loan Type: Cash Payment Type: Other Closing Cost Split: Normal - N Buyer Concession $/%: $ Seller Concession $/%: $

Property Features

Project Type: 100+ Units Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Foam Floors: Wood; Ceramic Tile; Carpet Sale Includes: Land & Building; Pool Equipment Payment Includes: Interest Community Amenities: Pool; Spa(s); Manager Res/Office; Barbecue Exterior Amenities: Landscape Wtr System; Desert Landscaping; Fenced; Patio/Balcony; Security Guard; Security Light(s) Interior Amenities: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: BI Oven/Range; Refrigerator; Compactor; Washer/Dryer Cooling: Ceiling Fan(s); Electric Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking: Carport; >1 Space Per Unit; Free Owner Pays: Water; Trash Collection; Landscaping; Pool/Spa Maintenance Tenant Pays: Electric Source of Fincl Data: Provided by Owner Existing 1st Loan: Private Existing 1st Ln Type: Fixed Existing 1st Ln Trms: Non Assumable; No Prepay Penalty Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Seller May Carry Environmental: None
Listing Office: Realty USA Southwest
Last Updated: September - 02 - 2020
2540 W MARYLAND Avenue, Phoenix, AZ 85017- MLS# 4824545
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