9645 N 11TH Avenue, Phoenix, AZ 85021
$3,500,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,500,000
Last Modified:
11/05/2021
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
Ownership: Fee Simple
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
List Date: 2020-11-18
Location, Tax & Legal
Assessor's Map #: 34
Legal Description (Abbrev): FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA
Assessor's Parcel #: 46
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 9501
Legal: FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA
Marketing Name: Foothill Acres Apartments
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
County Code: Maricopa
Subdivision: FOOTHILL ACRES LOTS 33-48 & 58-59
Assessor Number: 158-34-046
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 45
Lot Size Dimensions: 150ft x 250ft
Total # of Units: 30
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1984
Zoning: R-4
Legal Info
Range: 3E
Section: 30
Township: 3N
Lot Number: 58
Project Type
25 - 50 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stone: 1
Roofing
Composition: 1
Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9501
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 302752.2
Pmt & Rate Info
Cap Rate: 5.7
Equity: 3750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Individual: 1
Interior Features
Fire/Smoke Alarm(s): 1
Fire Sprinklers: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Attached: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
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
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
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: 33.574527
Geo Lon: -112.086582
Status Change Info
Off Market Date: 2021-01-21
Under Contract Date: 2021-01-19
Close of Escrow Date: 2021-03-23
Sold Price: $3,500,000
Income Expenses
Gross Annual Sch Inc: 325540
Net Operating Income: 213738
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted; Stone
Roofing: Composition; Other
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included: Built-In Range; Refrigerator; Other
Heating: Individual
Cooling: Ceiling Fan(s); Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: 1 Space/Unit; Attached; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
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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