4625-4631 N 12 Avenue, Phoenix, AZ 85013
$1,600,000
Property Type:
Commercial
Square Footage:
5,624
Lot Size (sq. ft.):
93
Status:
Closed
Current Price:
$1,600,000
List Date:
10/06/2021
Last Modified:
12/14/2024
Description
Excellent investment opportunity located in the highly sought after area of Central Phoenix. This sale includes two building: 4625 & 4631 N 12th Ave. Both are separately parceled. APN#s 155-43-186A & 155-43-187A. Well maintained and been updated with major renovations this year. See document tab for list of all capital improvements done. One Large 3BR & 2BA unit and five 2BR & 2BA units. All units have private storage rooms & there is a 2 car garage for additional revenue. All 2BR rents are currently below market at $1100-$1165. 2 BR Market rents are $1,250-$1350 Buyer to verify all facts and figures.
More Information MLS# 22118541
Address Information
Country: USA
Street #: 4625-4631
Direction: N
Street Name: 12
Suffix: Avenue
State/Province: AZ
Zip Code: 85013
County: Maricopa
Location, Tax & Legal
Tax Year: 2021
Taxes: 2767
Assessments: 0
Taxes For: Building & Land
Legal Description: Legal Description supplied by title to govern
Municipality/Zoning: Other - CALL
Fire Protection: Included in Taxes
Tax Code: 155-43-186A
Area: Maricopa
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,600,000
Sold Price: $1,600,000
Listing Date: 2021-07-18
Status: Closed
Status Change Info
Off Market Date: 2021-10-08
Sold Price/SqFt: 284.5
Lot Sz Sold Prc/SqFt: 87.91
Financing: Conventional
Pending Date: 2021-10-08
Sold Date: 2021-12-06
Sold Price: $1,600,000
Showing Information
Directions: 11 Ave and Camelback Turn South to Highland. Turn West and go to 12 Ave. Turn South and the property is on the East side of the street.
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 6
Lot Dimensions: irr
Lot Acres: 0.42
Total Parking: 8
Lot Sqft: 18200
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 302.28
Lot Size Price/SqFt: 93.41
Year Built: 1961
Combined SqFt: 5624
Electric
Electric Company: APS
Master Meter: No
Income
Vacancy Loss: 2707
Other Income: 650
Adjusted Gross: 88183
Gross Scheduled Rent: 90240
Net Opp Income: 88183
Gas
None: 1
Analysis
Gross Rent Multi: 18.14
Vacancy Rate %: 3
Cap Rate %: 3.92
Construction
Concrete Block: 1
Expenses
Contract Services: 1200
Figures Presented: Actual
Insurance: 3155
Maintenance Supplies: 3955
Resident Manager: 7055
Taxes/Assessments: 2697
Water/Sewer: 3544
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/2 BR: 5
Avg Mo Rent/2 BR: 1000
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 1695
Roof
Shingle: 1
Water
Public: 1
Property Features
Smoke Detector: 1
Storage: 1
Fence
Wood: 1
Road Type
Chip/Seal: 1
Fenced Storage
No: 1
Lot Features
Adjacent to Alley: 1
East/West Exposure: 1
Main Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Main Heating
Heat Pump: 1
Water Heater
None: none
Terms
Cash: 1
Conventional: 1
Submit With Offer
Additional Addendum: 1
Income Property Addendum: 1
Lender Pre-Approval: 1
Proof of Funds: 1
Seller Title Company: Empire West Title
Accessibility Option
None: 1
Security
Security Lights: 1
Sold Info
Est. Closing Date: 2021-12-06
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Shrubs: 1
Sprinkler/Drip: 1
Trees: 1
Landscape - Rear
Decorative Gravel: 1
Desert Plantings: 1
Trees: 1
Other: Artificial Grass
Parking
# Covered Parking: 6
Free: 1
Parking Structure: 1
Freeway/Highway
2.1 - 5 Mile: 1
Traffic Count
Unknown: 1
Possession
Recording: 1
Property Disclosures
Addendum: 1
Floor Plan: 1
Inventory List: 1
Lead Based Paint: 1
Leases: 1
Marketing Package Available: 1
Plat Map: 1
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 33.505
Geo Lon: -112.087663
Property Features
Property Features: Smoke Detector; Storage
Construction: Concrete Block
Roof: Shingle
Fenced Storage: No
Main Cooling: Ceiling Fan(s); Heat Pump
Main Heating: Heat Pump
Gas: None
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Security Lights
Fence: Wood
Landscape - Front: Decorative Gravel; Shrubs; Sprinkler/Drip; Trees
Landscape - Rear: Decorative Gravel; Desert Plantings; Trees
Road Type: Chip/Seal
Parking: Free; Parking Structure
Lot Features: Adjacent to Alley; East/West Exposure
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: Recording
Submit With Offer: Additional Addendum; Income Property Addendum; Lender Pre-Approval; Proof of Funds
Property Disclosures: Addendum; Floor Plan; Inventory List; Lead Based Paint; Leases; Marketing Package Available; Plat Map; Seller Prop Disclosure
Special Conditions: None
Listing Office: Gerchick Real Estate
Last Updated: December - 14 - 2024
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