Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,500,000
Last Modified:
11/05/2021
Search
9645 N 11TH Avenue, Phoenix, AZ 85021
$3,500,000
Description
Foothill Acres Apartments is a 30-unit apartment community featuring (14) 1-bedroom/1-bathroom units and (16) 2-bedroom/1-bathroom units. The property is located in the developing Mountain View Acres, surrounded by up-and-coming restaurants, schools, and parks. It is minutes from North Mountain Park, famous for its numerous hiking trails and wildflower viewing, and within walking distance to the Arizona Canal Trail. The property is also just minutes from the I-17 Highway and is within a bike ride's distance to the 19th Avenue and Dunlap light rail station.
More Information MLS# 6165999
Contract Info
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
List Date: 2020-11-18
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: M34
House Number: 9645
Compass: N
Street Name: 11TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 3067
Country: USA
County Code: Maricopa
Subdivision: FOOTHILL ACRES LOTS 33-48 & 58-59
Assessor Number: 158-34-046
Tax Year: 2020
General Property Description
Lot Size Dimensions: 150ft x 250ft
Year Built: 1984
Uncvrd Parking Spcs: 45
Total # of Units: 30
# of Buildings: 2
Zoning: R-4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks Misc
Geo Lat: 33.574527
Geo Lon: -112.086582
Status Change Info
Status Change Date: 2021-04-02
Off Market Date: 2021-01-21
Under Contract Date: 2021-01-19
Close of Escrow Date: 2021-03-23
Sold Price: $3,500,000
Legal Info
Township: 3N
Range: 3E
Section: 30
Lot Number: 58
Income Expenses
Gross Annual Sch Inc: 325540
Net Operating Income: 213738
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 684
Avg SqFt: 575
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 802
Avg SqFt: 645
# Baths: 1
Sold Info
Loan Type: Conventional
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted; Stone
Roofing: Comp Shingle; Other (See Remarks)
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Interior Amenities: Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included: BI Oven/Range; Refrigerator; Other (See Remarks)
Heating: Individual
Cooling: Ceiling Fan(s); Individual; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: 1 Space/Unit; Attached; Paved Parking
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: November - 05 - 2021
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