$3,800,000
2936 E VAN BUREN Street
Phoenix, AZ 85008
MLS# 6528308
Status: Closed

Retail Space
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Retail Space Aerial View of Property View of Duplex Style Front View of Front Building Mailboxes Duplex Sample Living Area Living Room looking to Kitchen Sample Kitchen Dining Room Living Room leading to bedroom Sample bedroom Bedroom Bedroom Sample Kitchen Bathroom with Shower Van Buren Bathroom Van Buren Bedroom Unit Parking Aerial of Complex Duplex Style Unit View of SinAgua Falls Street View Aerial View Aerial Aerial of Property Aerial Aerial Aerial Aerial Aerial Aerial view Aerial View Aerial of Complex Aerial of Complex Duplexes Laundry Mat Interior Laundry Laundry Mat Exterior of Laundry Mat

Property Description
28 Casita style units (single story) with 760 square feet of retail space on Van Buren. 16 Buildings total. Nearly 100% renovated, new construction down to studs within past few years. 26 units are 1 bedroom/1 bath, 2 units are 2 bedroom/1 bath. New asphalt parking lot. All units are separately metered. Coin laundry room. 93% occupancy, final unit to be completed in next two months, then ready to lease.

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $3,800,000
Sold Price: $3,800,000
Status: Closed
List Date: 2023-03-06
Location, Tax & Legal
Assessor's Map #: 68
Legal Description (Abbrev): BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD
Assessor's Parcel #: 63
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113502
Taxes: 15578
Legal: BEG SE COR E2 W2 SE4 W 140F TR PT BEG W 119F N 43 3F E 119F S 433F TO BEG EX S 40F RD
Marketing Name: 28 Units - Sin Agua Falls
Map Code/Grid: Q35
House Number: 2936
Compass: E
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 6845
Country: US
County Code: Maricopa
Assessor Number: 121-68-063-B
Tax Year: 2022
General Property Description
# of Buildings: 16
Uncvrd Parking Spcs: 34
Lot Size Dimensions: irregular
Flood Zone: No
Total # of Units: 28
Elementary School District: Wilson Elementary District
High School District: Phoenix Union High School District
Year Built: 1945
Zoning: C-3
Legal Info
Range: 3E
Section: 2
Township: 1N
Lot Number: 1
Project Type
25 - 50 Units: 1
Other Type
Other (See Remarks): 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15578
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 4800000
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
Cooling
Electric: 1
Exterior Amenities
Cable TV Available: 1
Interior Features
Unfurnished: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
1 Space/Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash to Loan: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-620-1453
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 26
Avg Rent: 0
Avg SqFt: 380
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 0
Avg SqFt: 508
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash to Loan
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 30th Street & Van Buren
Directions: North side of Van Buren at 29th Street.
Geo Lat: 33.451957
Geo Lon: -112.017878
Status Change Info
Off Market Date: 2024-04-25
Under Contract Date: 2024-04-24
Close of Escrow Date: 2024-06-25
Sold Price: $3,800,000
Property Features
Project Type: 25 - 50 Units
Other Type: Other (See Remarks)
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Cable TV Available
Interior Features: Unfurnished; Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan
Environmental: None
IDX
Listing Office: MCG Realty

Last Updated: June - 26 - 2024

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