Listing ID6214575
Sold For$3,410,440
StatusClosed
Sold Date8/20/2021
CountyMaricopa
SubdivisionUPTOWN ON YALE
Year Built2021
Property TypeMultiple Dwellings
RARE NEW CONSTRUCTION PROJECT! This intimate new community nestled around a redeveloping neighborhood in Central Phoenix is almost complete. This bulk listing includes 8 single family attached lots. All homes are 3 bed with loft floor plans with 2 car garage and 2.5 baths at 1444 square feet of living space. Builder spec's include all hard surface first level, upgraded kitchens and master bathrooms to name a few. Additionally, all units have private outdoor living space in rear of unit. Home Smart features include push button Zwave locks, doorbell cameral and smart thermostats. Delivery estimated for June 2021. New Build 2-10 Home Warranty Included! Minutes from PHX/Sky Harbor, Camelback Mtn, freeways, restaurants, shopping & nightlife of Arcadia, Biltmore & Scottsdale
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
UPTOWN ON YALE
Year Built
2021
Zoning
R-3
3 Bedrooms Units # Baths
235
3 Bedrooms Units Avg SqFt
1444
Cooling
Electric
Cooling
yes
Heating
Electric
Heating
yes
Community Features
See Remarks
Country
US
Directions
Head West on Thomas to 30th Street and turn left (South) to Yale Street. Turn Left (East) and subject is on North side of road.
Elementary School
Creighton Elementary School
Elementary School District
Creighton Elementary District
General Property Description Elementary School
Creighton Elementary School
General Property Description Elementary School District2
Creighton Elementary District
General Property Description High School
Camelback High School
General Property Description High School District
Phoenix Union High School District
General Property Description Jr High School
Creighton Elementary School
High School
Camelback High School
High School District
Phoenix Union High School District
Middle Or Junior School
Creighton Elementary School
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Construction Materials
Painted, Stucco, Frame - Wood
Covered Spaces
2
Electric
SRP
Garage
yes
General Property Description # of Buildings
2
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
25x52
General Property Description Total # of Units
8
Lot Size Dimensions
25x52
Number Of Buildings
2
Number Of Units Total
8
Parking Garage
1
Parking Total
2
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
35
3 Bedrooms Units Avg Rent
2195
Cap Rate
3.94
Current Financing
Not Applicable
Disclosures
None
Gross Income
178848.6
Gross Scheduled Income
184380
Insurance Expense
3150
Listing Terms
Conventional, 1031 Exchange
Maintenance Expense
4000
Net Operating Income
133899
Operating Expense
44950
Owner Pays
Other, Landscaping
Professional Management Expense
6300
Tax Annual Amount
16800
Tax Book Number
120.00
Tax Lot
8
Tax Year
2022
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Contact - Listing ID 6214575
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker