Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,000,000
Last Modified:
12/27/2024
Search
4750 N 28th Street, Phoenix, AZ 85016
$4,000,000
Description
Tres Arcos is a 25-unit apartment community located in the heart of Phoenix. Nestled among historic neighborhoods and highly renovated properties, Tres Arcos is located one block from the Arizona Biltmore. Residents enjoy the close proximity to Biltmore Fashion Park and all the amenities within the Camelback Corridor. Tres Arcos is an extremely desirable location for residents and has consistently stayed fully occupied. Tres Arcos is a 1969 block-constructed property consisting of seven single-level buildings. It's vintage charm lends itself to the popular mid-century modern renovation trend that is in high demand by residents and investors alike. The property consists of all two-bedroom units with individual backyards and covered parking for each unit.
Supplements: Tres Arcos is individually metered for electricity and hot water and enjoys an onsite laundry facility and recently renovated swimming pool. Very few properties can provide the location and redevelopment potential that the community has to offer.
More Information MLS# 5643626
Contract Info
Current Price: $4,000,000
Sold Price: $4,000,000
Status: Closed
List Date: 2017-08-07
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: P35
House Number: 4750
Compass: N
Street Name: 28th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Country: USA
County Code: Maricopa
Assessor Number: 163-18-083-F
Tax Year: 2016
General Property Description
Lot Size Dimensions: unknown
Year Built: 1969
Uncvrd Parking Spcs: 12
Total # of Units: 25
# of Buildings: 7
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: 28th Street & Camelback Road
Directions: South on 28th Street to Property.
Geo Lat: 33.507671
Geo Lon: -112.021953
Status Change Info
Status Change Date: 2017-12-30
Off Market Date: 2017-10-11
Under Contract Date: 2017-09-26
Close of Escrow Date: 2017-12-29
Sold Price: $4,000,000
Legal Info
Lot Number: unknown
Income Expenses
Gross Annual Sch Inc: 360000
Net Operating Income: 214061
2 Bedroom Units
# 2 Bedroom Units: 25
Avg Rent: 1200
Avg SqFt: 803
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 10
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Pool Equipment; Laundry Equipment
Community Amenities: Pool
Appliances Included: BI Oven/Range; Refrigerator
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Carport; 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: 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: None
Listing Office: ABI Multifamily
Last Updated: December - 27 - 2024
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