3025 N 38th Street, Phoenix, AZ 85018 (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

Country: US

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

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