Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,999,950
Last Modified:
9/02/2020
Search
2540 W MARYLAND Avenue, Phoenix, AZ 85017
$4,999,950
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
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