710 E PALM Lane, Phoenix, AZ 85006
$3,300,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,300,000
List Date:
10/09/2023
Last Modified:
3/19/2024
Description
Coronada Historic Neighborhood amazing 12 unit fully furnished property. Great opportunity for short or long term rentals. All units where updated in 2021 and 2022. From AC units to flooring. This is a great turn key opportunity located in the central corridor downtown. Located between 7th street & 16th street from Thomas to McDowell. Easy access to freeways, ASU downtown, UofA, Creighton University campuses and all the downtown experiences. This courtyard apartment complex is a true community driven property. Added value is the vacant lot for future development.
More Information MLS# 6615541
Contract Info
Current Price: $3,300,000
Sold Price: $3,300,000
Status: Closed
List Date: 2023-09-29
Ownership: Fee Simple
Location Tax Legal
House Number: 710
Compass: E
Street Name: PALM
St Suffix: Lane
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2197
Country: USA
County Code: Maricopa
Subdivision: LOS OLIVOS HEIGHTS
Assessor Number: 117-31-120-A
Tax Year: 2022
General Property Description
Lot Size Dimensions: 1668
Year Built: 1963
Uncvrd Parking Spcs: 6
Total # of Units: 12
# of Buildings: 2
Zoning: R-4
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Emerson Elementary School
Jr. High School: Emerson Elementary School
High School: North High School
Remarks Misc
Cross Street: 7th Street and Palm
Directions: At 7th street and Palm Lane head east and property is on the NE corner of 8th street and Palm Lane
Geo Lat: 33.469606
Geo Lon: -112.064514
Status Change Info
Status Change Date: 2024-03-19
Off Market Date: 2024-02-16
Under Contract Date: 2023-11-21
Close of Escrow Date: 2024-03-19
Sold Price: $3,300,000
Legal Info
Township: 2N
Range: 3E
Section: 33
Block: 5
Lot Number: 19
Income Expenses
Gross Annual Sch Inc: 244800
Net Operating Income: 197585.16
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 5
Avg Rent: 1700
Avg SqFt: 350
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 5
Avg Rent: 1700
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1700
Avg SqFt: 700
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Other Type: Other (See Remarks)
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Concrete; Vinyl
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Amenities: No Pool; Barbecue
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Fenced; Cable TV Available; Security Light(s)
Interior Amenities: Furnished; Vertical Blinds
Appliances Included: Refrigerator
Heating: Individual
Cooling: Ceiling Fan(s); Electric; Individual
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Street Parking; Free; Paved Parking
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping
Tenant Pays: None
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text
Lockbox Type: See Private Remarks; None
Existing 1st Loan: Conventional
Existing 1st Ln Trms: Non Assumable
New Financing: Conventional
Environmental: Phase I Available; Phase II Available
Listing Office: eXp Realty
Last Updated: March - 19 - 2024
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