Listing ID6167000
Sold For$700,000
StatusClosed
Sold Date5/28/2021
CountyMaricopa
Year Built1985
Property TypeMultiple Dwellings
V I L L A G E D R I V E is a 4-unit apartment
community located immediately off of 19th Avenue offering a superior location with direct access to the thriving Deer Valley region of North Phoenix. The area is known for its diverse professional alignment and lifestyle opportunities which supports approximately ±52,600 professionals spread across ±1,200 businesses. Furthermore, Village Drive enjoys
direct proximity to the Interstate 17 (I-17) Employment Corridor and an additional ±44,300 professionals housed within ±1,200 businesses. Developed in 1985, the property features twobedroom,
one-bath two-story townhome floorplans averaging
924-square-feet. Half of the units are equipped with large back patios and all units include in-suite laundry. Future ownership
will have the opportunity to renovate all four unit interiors to
realize a monthly premium of $150.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1985
Zoning
multi
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
924
Cooling
Individual, Electric
Cooling
yes
Heating
Electric, Other, See Remarks
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Arizona Desert Elementary School
Elementary School District
Deer Valley Unified District
General Property Description Elementary School
Arizona Desert Elementary School
General Property Description Elementary School District2
Deer Valley Unified District
General Property Description High School
Deer Valley High School
General Property Description High School District
Deer Valley Unified District
General Property Description Jr High School
Deer Valley Middle School
High School
Deer Valley High School
High School District
Deer Valley Unified District
Middle Or Junior School
Deer Valley Middle School
Postal City
Phoenix
Township
4N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Stone, Frame - Wood
Electric
APS, City Electric, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
irr
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
6
Lot Size Dimensions
irr
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
6
Parking Features
None, Paved Parking, Add'l Parking Avail, 1 Space/Unit
Parking Total
6
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.25
Mls Status
Closed
Public Survey Range
2E
Public Survey Section
36
2 Bedroom Units Avg Rent
1106
Cap Rate
4.5
Disclosures
None
Gardener Expense
600
Gross Income
53295
Gross Scheduled Income
55200
Insurance Expense
1200
Listing Terms
Other (See Remarks), Conventional
Maintenance Expense
1500
Net Operating Income
34158
Operating Expense
15008
Other Expense
500
Owner Pays
Trash Collection, Water
Professional Management Expense
3098
Tax Annual Amount
1756
Tax Book Number
208.00
Tax Year
2020
Tenant Pays
Electricity, Cable TV
Water Sewer Expense
5354
Contact - Listing ID 6167000
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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