Search

Home > 813 E MARLETTE Avenue, Phoenix, AZ 85014 (MLS# 6379688)

813 E MARLETTE Avenue, Phoenix, AZ 85014

$5,115,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $5,115,000 List Date: 4/07/2022 Last Modified: 6/25/2022

Description

Location, Location, Location! 813 Marlette Apartments sits directly in the middle of Uptown Phoenix just off the famed 7th Street Corridor and Restaurant Row. Situated on a quiet street still minutes away from great restaurants, Uptown Plaza, and easy freeway access points to SR51 and I-10. The property has 14 units. Including (13) 2/2 units, and (1) is a 1/1 unit. It received a full remodel in 2020 with popular modern finishes. All the units include an in-suite washer and dryer. Several units have large outdoor backyards. The property has a new roof, windows, doors, security system, and more. The property has low maintenance desert-scape and a nice courtyard. Each unit is individually metered. This is a rare and excellent investment in an A location that you don't want to miss!

More Information MLS# 6379688

Contract Info

Current Price: $5,115,000 Sold Price: $5,115,000 Status: Closed List Date: 2022-04-06 Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: N34 House Number: 813 Compass: E Street Name: MARLETTE St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85014 Zip4: 1507 Country: USA County Code: Maricopa Subdivision: ORANGE HEIGHTS LOTS 44, 45 & TR A Assessor Number: 161-15-035-F Tax Year: 2021

General Property Description

Lot Size Dimensions: 146x122 Year Built: 1962 Total # of Units: 14 # of Buildings: 1 Zoning: R4 Elementary School District: Madison Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 7th Street & Bethany Home Rd Directions: North on 7th Street, East on Marlette to property on South side of street. Geo Lat: 33.528922 Geo Lon: -112.06307

Status Change Info

Status Change Date: 2022-06-25 Off Market Date: 2022-05-25 Under Contract Date: 2022-05-12 Close of Escrow Date: 2022-06-24 Sold Price: $5,115,000

Legal Info

Township: 2N Range: 3E Section: 9 Lot Number: 37

Income Expenses

Gross Annual Sch Inc: 311100 Net Operating Income: 261227

1 Bedroom Units

# 1 Bedroom Units: 1 Avg Rent: 1400 Avg SqFt: 550 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 13 Avg Rent: 1684 Avg SqFt: 929 # Baths: 2

Contact Info

List Agent Cell Phn2: 6127701717

Sold Info

Loan Type: Cash Payment Type: Other Closing Cost Split: Normal - N Buyer Concession $/%: % Seller Concession to Buyer: 90000 Seller Concession $/%: $

Property Features

Project Type: 13 - 24 Units Construction: Block; Other (See Remarks) Const - Finish: Painted; Other (See Remarks) Roofing: Other (See Remarks) Floors: Other Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Patio/Balcony; Security Light(s) Interior Amenities: Fire Sprinklers Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Electric Water: Master Meter; Other Sewer: Sewer - Public Electric: Individual Meter Gas: Other (See Remarks) Parking: Other (See Remarks) Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electric Source of Fincl Data: Projected Proforma Special: Owner/Agent Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional; 1031 Exchange Environmental: None

Documents

Listing Office: HomeSmart
Last Updated: June - 25 - 2022
813 E MARLETTE Avenue, Phoenix, AZ 85014- MLS# 6379688
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Search powered by FBS Products