2540 W MARYLAND Avenue, Phoenix, AZ 85017
$4,999,950
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$4,999,950
Last Modified:
9/02/2020
Overview
Description
ATTENTION: $1.2M REDUCTION FOR IMMEDIATE CASH SALE! Priced appx. $27.5k a door, and $37.90 sq/ft. Separately metered. Remodeled from top to bottom in 2011-2012.approximately 131,816 livable sq ft. Great unit mix with 75% large two bedroom, 25% large one bedrooms. 100% HOA control. Appx, 11% cap at 80% occupancy. Best multi-family opportunity in Phoenix today. Compare this property to anything comparable and you will be writing a check.
Listing Details MLS# 4824545
Location, Tax & Legal
- Map Code/Grid
- N33
- House Number
- 2540
- Compass
- W
- Street Name
- MARYLAND
- St Suffix
- Avenue
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85017
- Zip4
- 6227
- County Code
- Maricopa
- Assessor Number
- 156-02-273
- Tax Year
- 2012
- Assessor's Map #
- 2
- Legal Description (Abbrev)
- MARIBELA CONDOMINIUMS
- Assessor's Parcel #
- 273
- Add'l Parcels
- Yes
- Tax Municipality
- Phoenix
- Census Tract
- 106801
- Taxes
- 36000
- Legal
- MARIBELA CONDOMINIUMS MCR 831-02
- Marketing Name
- Maribela Luxury Condos
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- Irregular
- Year Built
- 1985
- Uncvrd Parking Spcs
- 60
- Total # of Units
- 192
- # of Buildings
- 12
- Zoning
- R4
- Elementary School District
- Washington Elementary District
- High School District
- Glendale Union High School District
Remarks Misc
- Cross Street
- 27th ave and Maryland
- Directions
- Head east on Maryland Ave from 27th Ave. Property is on north side of street.
Status Change Info
- Off Market Date
- 2012-10-25
- Under Contract Date
- 2012-10-22
- Close of Escrow Date
- 2012-11-20
Legal Info
- Township
- 2N
- Range
- 2E
- Section
- 12
- Lot Number
- 249
More Information
Income Expenses
- Gross Annual Sch Inc
- 1003800
- Net Operating Income
- 504000
1 Bedroom Units
- # 1 Bedroom Units
- 46
- Avg Rent
- 480
- Avg SqFt
- 600
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 135
- Avg Rent
- 650
- Avg SqFt
- 700
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 602-615-6900
Sold Info
- Loan Type
- Cash
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 100+ Units
- Yes
Construction
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Wood
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Pool Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 8800
- Annual Gas Exp
- 1464
- Annual Ins Exp
- 12672
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 9600
- Annual Legal & Acctg
- 34000
- Annual Maint Exp
- 20477
- Annual Mgmt Exp
- 20000
- Annual Trash Exp
- 1848
- Annual Wtr/Swr Exp
- 36000
- Owner Association
- Yes
- Annual Ownr Asoc Fee
- 2340
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 183201
- Other Income
- 11400
- Vacancy Allowance
- 0.1
- Adjusted Gross Inc
- 913680
Pmt & Rate Info
- Cap Rate
- 10.08
- Down Payment
- 3600000
- Equity
- 4999950
- Down Payment %
- 60
- Monthly Payments
- 20000
- Total Owed
- 0
- Assessment Balance
- 0
Payment Includes
- Interest
- Yes
Community Features
- Pool
- Yes
- Spa(s)
- Yes
- Manager Res/Office
- Yes
- Barbecue
- Yes
Heating
- Electric
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Fenced
- Yes
- Patio/Balcony
- Yes
- Security Guard
- Yes
- Security Light(s)
- Yes
Interior Features
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
- Trash Compactor
- Yes
- Washer/Dryer
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- Free
- Yes
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
- Pool Maintenance
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- Yes
Existing 1st Loan
- Private
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
- No Prepay Penalty
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
100+ Units
Construction:
Wood Frame
Const - Finish:
Painted; Stucco
Roofing:
Foam
Floors:
Wood; Ceramic Tile; Carpet
Sale Includes:
Land & Building; Pool Equipment
Payment Includes:
Interest
Community Features:
Pool; Spa(s); Manager Res/Office; Barbecue
Exterior Amenities:
Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony; Security Guard; Security Light(s)
Interior Features:
Fire/Smoke Alarm(s); Mini Blinds
Appliances Included:
Built-In Range; Refrigerator; Trash Compactor; Washer/Dryer
Cooling:
Ceiling Fan(s); Electric
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP
Gas:
SW Gas
Parking Features:
Carport; >1 Space Per Unit; Free
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection; Landscaping; Pool Maintenance
Tenant Pays:
Electricity
Source of Fincl Data:
Owner
Existing 1st Loan:
Private
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable; No Prepay Penalty
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; Owner May Carry
Environmental:
None
Listing Office:
Realty USA Southwest
Last Updated: September - 02 - 2020
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