Listing ID6300141
Sold For$2,600,000
StatusClosed
Sold Date3/31/2022
CountyMaricopa
SubdivisionORANGEDALE TRACT 11,13,14,15
Year Built1985
Property TypeMultiple Dwellings
T H E D U F F is a nine-unit apartment community positioned in thegeographical heart of the Phoenix MSA offering outstanding connectivity to pivotal Valley submarkets, including Phoenix, Scottsdale, Tempe, Glendale, and the greater southeast Valley. Within a ten-mile radius, the property is afforded access to ±581,100 employees at companies such as Charles Schwab, Yelp, State Farm, Wells Fargo, Honeywell, and General Dynamics as well as outstanding reach to Greater Phoenix's best hospitals inclusive of Banner University Medical Center, Valleywise Health Medical Centers, and
Honorhealth Scottsdale Osborn Medical Center. The Duff is also presented access to a growing culinary scene with hotspots across central Phoenix and Scottsdale featuring one-of-a-kind, local restaurants and nightlife options complemented by the mainstay retail + dining locations of downtown Tempe, Tempe Marketplace, Biltmore Fashion Center, and Scottsdale Fashion Square. Developed in 1985, The Duff is comprised of a complementary mix of two-and three-bedroom floorplans - all units averaging 967 square feet. Future ownership will have the opportunity to capitalize on sustained rental growth due to it's rapidly-improving prime location.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
ORANGEDALE TRACT 11,13,14,15
Year Built
1985
Zoning
R-3
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
862
3 Bedrooms Units # Baths
2
Cooling
Electric, Ceiling Fan(s)
Cooling
yes
Heating
Central, Electric, Natural Gas
Heating
yes
Community Features
No Pool
Country
US
Elementary School
Orangedale Junior High Prep Academy
Elementary School District
Balsz Elementary District
General Property Description Elementary School
Orangedale Junior High Prep Academy
General Property Description Elementary School District2
Balsz 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
Orangedale Junior High Prep Academy
High School
Camelback High School
High School District
Phoenix Union High School District
Middle Or Junior School
Orangedale Junior High Prep Academy
Postal City
Phoenix
Township
2N
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Block, Frame - Wood
Covered Spaces
12
Electric
SRP
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
23522
General Property Description Total # of Units
9
General Property Description Uncvrd Parking Spcs
3
Lot Size Dimensions
23522
Number Of Buildings
2
Number Of Units Total
9
Open Parking Spaces
3
Parking Assigned
1
Parking Features
Paved Parking, Assigned, >1 Space Per Unit
Parking Total
15
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
4E
Public Survey Section
32
2 Bedroom Units Avg Rent
1400
3 Bedrooms Units Avg Rent
1400
Current Financing
Not Applicable
Disclosures
None
Gross Income
146212.6
Gross Scheduled Income
153908
Listing Terms
Conventional, 1031 Exchange
Operating Expense
3532
Owner Pays
Trash Collection, Water, Sewer, Landscaping
Tax Annual Amount
3532
Tax Book Number
126.00
Tax Lot
11
Tax Year
2021
Tenant Pays
Gas, Electricity, Cable TV
Contact - Listing ID 6300141
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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