Listing ID6394071
Price$2,720,000
StatusActive
CountyMaricopa
SubdivisionIDLE EASE
Year Built1982
Property TypeMultifamily Residential
Property Sub Type13 - 24 Units
Mountain View Apartments was built in 1982 and is comprised of 50% 1 Bedroom / 1 Bathroom and 50% 2 Bedroom / 1 Bathroom. The garden-styled apartment community provides parking for all tenants and on-sight laundry facilities. This property is individually metered for electricity. The property is located in the developing Mountain View Acres, surround by up-and-coming restaurants, schools, and parks. It is minutes from North Mountain, famous for its numerous hiking trails and wildflower viewing, and within walking distance to the Arizona Canal Trail. This property is also just minutes from the I-17 Highway and is within a bike ride's distance to the 19th avenue and Dunlap Light Rail Station.
County
Maricopa
Property Sub Type
13 - 24 Units
Property Type
Multifamily Residential
Subdivision
IDLE EASE
Year Built
1982
Zoning
R-4
1 Bedroom Units
8
1 Bedroom Units: Average SqFt
525
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
8
2 Bedroom Units: Average SqFt
625
2 Bedroom Units: Number of Baths
1
Appliances Included
BI Oven/Range, Disposal, F/S Oven/Range, Microwave, Refrigerator
Cooling
Ceiling Fan(s), Central A/C
Floors
Vinyl, Wood
Heating
Central
Total Units
16
Construction
Block
Exterior Finish
Stone
Lot Size Dimensions
72.43x195.92
Parking
>1 Space Per Unit
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
20
Country
USA
High School District Number
205 - Glendale Union High School District
Lot Number
12
Map Code/Grid
M34
Range
3E
School District
006 - Washington Elementary District
Section
30
Township
3N
Community Amenities
No Pool
Electric
Individual Meter, Other (See Remarks)
Entry Timestamp
2022-05-04T17:41:18+00:00
Gas
Other (See Remarks)
Marketing Name
Mountain View Apartments
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.04
Water
City Franchise
1 Bedroom Units: Average Rent
1095
2 Bedroom Units: Average Rent
1395
Adjusted Gross Income
248734.08
Contingency Type
No
Financial Data Source
Projected Proforma
Gross Annual Scheduled Income
248602
Net Operating Income
181298
New Financing
Conventional
Operating Expense
4268
Other Income
10496
Owner Pays
Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Other (See Remarks), Personal Property
Tax Municipality
Phoenix
Taxes
4268
Tenant Pays
Electric
Contact - Listing ID 6394071
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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