Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,450,000
Last Modified:
2/05/2018
Search
4029 W MCDOWELL Road, Phoenix, AZ 85009
$3,450,000
Description
Casa West is a 32-unit garden-style apartment community located in a desirable west Phoenix neighborhood that was completely rebuilt and repositioned in 2016 with premium finishes. The property is made of block construction with pitched composition shingle roofs and is individually-metered for electricity. The unit mix is composed of 97% two-bedroom/one-bath floor plans that are spacious, very well designed and average nearly 800 square feet. Casa West offers an investor the rare opportunity to acquire an extensively renovated asset located in a desirable Phoenix location priced below replacement cost.
More Information MLS# 5688046
Contract Info
Current Price: $3,450,000
Sold Price: $3,450,000
Status: Closed
List Date: 2017-11-15
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P33
House Number: 4029
Compass: W
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Country: USA
County Code: Maricopa
Subdivision: WINONA PARK 5
Assessor Number: 106-30-129
Tax Year: 2017
General Property Description
Lot Size Dimensions: 202' x 165'
Year Built: 1968
Uncvrd Parking Spcs: 30
Total # of Units: 32
# of Buildings: 2
Zoning: R-5
Elementary School District: Isaac Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 41st Avenue and McDowell Road
Geo Lat: 33.4656
Geo Lon: -112.146825
Status Change Info
Status Change Date: 2018-02-05
Off Market Date: 2018-01-16
Under Contract Date: 2017-12-11
Close of Escrow Date: 2018-02-01
Sold Price: $3,450,000
Legal Info
Township: 1N
Range: 2E
Section: 3
Lot Number: 625
Income Expenses
Gross Annual Sch Inc: 359520
Net Operating Income: 252299
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 820
Avg SqFt: 619
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 31
Avg Rent: 940
Avg SqFt: 780
# 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: Seller Paid - S
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: BI Oven/Range; Refrigerator; Microwave; Washer/Dryer
Heating: Individual
Cooling: Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking: <1 Space Per Unit; Paved Parking
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
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: February - 05 - 2018
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