Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,150,000
Last Modified:
11/01/2018
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2602 W GLENROSA Avenue, Phoenix, AZ 85017
$4,150,000
Description
Radius is a 72-unit garden-style apartment community located in a desirable Phoenix location. The property is situated on Glenrosa Avenue just west of the Interstate-17 Freeway. Built in 1979, the property is made of wood frame and stucco construction with new built-up foam roofs and is master-metered for electricity with a new chiller system.
The unit mix is comprised of studio, one and two-bedroom floor plans that are spacious, very well designed and range in size from ±320 to ±620 square feet. Radius has recently undergone numerous capital improvements including new roofs, smooth stucco with a modern two-toned paint scheme, new gated entry, new boiler & cooling tower and a renovated leasing office.
More Information MLS# 5770880
Contract Info
Current Price: $4,150,000
Sold Price: $4,150,000
Status: Closed
List Date: 2018-05-24
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P33
House Number: 2602
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 4346
Country: USA
County Code: Maricopa
Assessor Number: 154-18-001
Tax Year: 2017
General Property Description
Lot Size Dimensions: 232' x 315'+/-
Year Built: 1979
Total # of Units: 72
# of Buildings: 7
Zoning: C-2
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: N. 27th Avenue and W. Glenrosa Avenue
Geo Lat: 33.499105
Geo Lon: -112.115043
Status Change Info
Status Change Date: 2018-11-01
Off Market Date: 2018-09-18
Under Contract Date: 2018-07-26
Close of Escrow Date: 2018-10-31
Sold Price: $4,150,000
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: na
Income Expenses
Gross Annual Sch Inc: 515040
Net Operating Income: 267887
Efficiency Units
# Efficiency Units: 48
Avg Rent: 560
Avg SqFt: 377
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 22
Avg Rent: 660
Avg SqFt: 560
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 760
Avg SqFt: 700
# Baths: 1
Contact Info
List Agent Home Phn: 602-735-5634
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 51 - 99 Units
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Payment Includes: Principal; Interest
Community Amenities: No Pool; Manager Res/Office
Exterior Amenities: Landscape Wtr System; Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking: <1 Space Per Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Conventional
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
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
Environmental: None
Listing Office: CBRE, Inc
Last Updated: November - 01 - 2018
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