3025 N 38th Street, Phoenix, AZ 85018
$3,750,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,750,000
Last Modified:
9/05/2024
More Information MLS# 6614751
Contract Info
Ownership: Fee Simple
Current Price: $3,750,000
Sold Price: $3,750,000
Status: Closed
List Date: 2023-10-05
Location, Tax & Legal
Assessor's Map #: 21
Assessor's Parcel #: 17
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 14343
Legal: CITRUS ACRES
Marketing Name: Estilo
House Number: 3025
Compass: N
Street Name: 38th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
County Code: Maricopa
Assessor Number: 127-21-017
Tax Year: 2023
General Property Description
# of Buildings: 7
Uncvrd Parking Spcs: 12
Lot Size Dimensions: 40,408 sq ft.
Total # of Units: 15
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Year Built: 1971
Zoning: R-3
Project Type
13 - 24 Units: 1
Construction
Block: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 9967
Annual Ins Exp: 5625
Annual Landscape Exp: 3750
Annual Legal & Acctg: 8021
Annual Maint Exp: 6750
Annual Mgmt Exp: 13022
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 4500
Annual Other Expense: 1875
Operating Exp: 67853
Other Income: 20026
Vacancy Allowance: 0.05
Adjusted Gross Inc: 291245.3
Pmt & Rate Info
Cap Rate: 5.08
Equity: 4300000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Pool: 1
Barbecue: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Green Landscaping: 1
Fenced: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Built-In Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Water Source
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1400
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 14
Avg Rent: 1600
Avg SqFt: 880
# Baths: 14
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Geo Lat: 33.483176
Geo Lon: -111.999251
Status Change Info
Off Market Date: 2024-09-05
Under Contract Date: 2024-07-11
Close of Escrow Date: 2024-08-19
Sold Price: $3,750,000
Legal Info
Lot Number: 88
Income Expenses
Gross Annual Sch Inc: 286548
Net Operating Income: 218528
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Stucco
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building
Community Features: Pool; Barbecue
Exterior Amenities: Green Landscaping; Fenced
Appliances Included: Built-In Range; Dishwasher; Microwave; Washer/Dryer
Cooling: Ceiling Fan(s); Electric
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional; Owner May Carry; 1031 Exchange
Environmental: None
Listing Office:
Marcus & Millichap
Last Updated: September - 05 - 2024
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