Listing ID6389047
Price$3,795,000
StatusActive
CountyMaricopa
SubdivisionPALMAIRE CONDOMINIUM
Year Built1964
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Palmaire is the most beautiful Mid-Century Modern complex in Phoenix. There are 3 one bedrooms, 5 two bedrooms and 2 three bedrooms. All remodeled over the past 2.5 years.. Pool, water, sewer, trash and common areas are provided/maintained by HOA. Units include 103, 105, 106,107, 108, 110, 203, 204, 208, & 210. Two units are furnished. No minimum length of stay for leasing. Many restaurants and bars nearby as well as AZ Biltmore Hotel and Biltmore Shopping Center.
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
PALMAIRE CONDOMINIUM
Year Built
1964
Zoning
M_H
1 Bedroom Units
3
1 Bedroom Units: Average SqFt
920
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
5
2 Bedroom Units: Average SqFt
1200
2 Bedroom Units: Number of Baths
2
3 Bedrooms Units
2
3 Bedrooms Units: Average SqFt
1400
3 Bedrooms Units: Number of Baths
2
Appliances Included
Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
Cooling
Ceiling Fan(s), Electric, Individual
Floors
Carpet, Concrete, Wood
Heating
Electric
Interior Amenities
Breakfast Bar, Fire/Smoke Alarm(s), Furnished, Mini Blinds, Other (See Remarks), Unfurnished, Vertical Blinds
Other Type
Packaged Offering
Total Units
10
Construction
Brick
Covered Parking Spaces
10
Exterior Amenities
Green Landscaping, Landscape Wtr System, Patio/Balcony
Exterior Finish
Other (See Remarks)
Parking
1 Space/Unit, Assigned, Carport, Free, Paved Parking
Roads/Streets
Asphalt, Dedicated Street, Sidewalk(s)
Roofing
Rolled
Total Parking Spaces
12
Country
USA
Cross Street
Camelback & 16th Street
Elementary School
Madison Elementary School
High School District Number
210 - Phoenix Union High School District
Jr. High School
Madison Meadows School
Lot Number
103
Map Code/Grid
N35
Range
3E
School District
038 - Madison Elementary District
Section
15
Township
2N
Community Amenities
Pool
Electric
APS, Individual Meter
Entry Timestamp
2022-04-25T16:25:08+00:00
Gas
None
Marketing Name
Palmaire
Owner Association
Yes
Sewer
Sewer - Public
Water
Master Meter, Other, See Remarks
1 Bedroom Units: Average Rent
1395
2 Bedroom Units: Average Rent
1795
3 Bedrooms Units: Average Rent
1995
Adjusted Gross Income
222000
Annual Other Expense
5000
Annual Owner Association Fee
49800
Contingency Type
No
Financial Data Source
Projected Proforma
Gross Annual Scheduled Income
222000
Net Operating Income
150000
New Financing
1031 Exchange, Conventional, CTL
Operating Expense
70569
Owner Pays
Landscaping, Pool/Spa Maintenance, Sewer, Trash Collection, Water
Sale Includes
Building(s) Only, Personal Property
Special Listing Conditions
Owner/Agent
Tax Municipality
Phoenix
Taxes
15769
Tenant Pays
Cable TV, Electric, Other (See Remarks)
Contact - Listing ID 6389047
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
