Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,525,000
Last Modified:
6/12/2020
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3015 E PARADISE Lane, Phoenix, AZ 85032
$3,525,000
Description
Fully remodeled turnkey property! The Paradise Square Apartments is a fully renovated and modernized complex with an excellent unit mix of 40 large two-bed and 2 one-bed units in a prime high demand North Phoenix community. The complex consists of two separate properties adding additional value to the assets. All of the units have a back yard or a balcony. Remodeled to the 9's using on trend fixtures and decor. Amenities included gated access, pool, BBQ's outdoor seating and laundry for additional income. Tenants have easy access to Bell Road and the 51 freeway. Individually metered! Sale includes 3029 E Paradise.
More Information MLS# 5769191
Contract Info
Current Price: $3,525,000
Sold Price: $3,525,000
Status: Closed
List Date: 2018-05-21
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: L35
House Number: 3015
Compass: E
Street Name: PARADISE
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 8219
Country: USA
County Code: Maricopa
Subdivision: KAY ACRES 3 LOTS 38-40, 42-45, 47-50
Assessor Number: 214-36-003-E
Tax Year: 2017
General Property Description
Lot Size Dimensions: UNK
Year Built: 1985
Uncvrd Parking Spcs: 56
Total # of Units: 42
# of Buildings: 4
Zoning: R-3
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Remarks Misc
Cross Street: Paradise Lane and 32nd Street
Directions: West on Paradise to property on South Side of Street
Geo Lat: 33.633034
Geo Lon: -112.016935
Status Change Info
Status Change Date: 2018-08-25
Off Market Date: 2018-06-28
Under Contract Date: 2018-06-27
Close of Escrow Date: 2018-08-24
Sold Price: $3,525,000
Legal Info
Township: 3N
Range: 3E
Section: 2
Lot Number: 28
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 650
Avg SqFt: 760
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 40
Avg Rent: 750
Avg SqFt: 820
# Baths: 1
Sold Info
Loan Type: Conventional
Payment Type: Adjustable
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: Pool
Appliances Included: F/S Oven/Range; Refrigerator
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: >1 Space Per Unit; Paved Parking
Owner Pays: Water; Gas; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: GPCI AZ
Last Updated: June - 12 - 2020
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