Listing ID6401837
Sold For$1,850,000
StatusClosed
Sold Date9/20/2022
CountyMaricopa
SubdivisionMONTGOMERY ACRES
Year Built1957
Property TypeMultiple Dwellings
Madison at Uptown is a 7 unit apartment community. Built in 1958 and renovated in 2022, the property resides in a residential neighborhood and consists of (6) 1-bed / 1-bath units and (1) 3-bed / 2-bath detached cottage. Five of the seven units have been fully upgraded and the remaining two units will complete renovations by the end of June 2022. Both units will be leased up at market rent. This garden-style community features interior and exterior renovations including new stainless-steel appliances, granite countertops, new cabinets, in-unit washers / dryers, new foam roof / HVAC units, and new water heaters. This quiet apartment community has ample parking using the vacant west-adjacent lot which is being sold separately. The Seller is willing to include a bulk sale of both parcels.
County
Maricopa
Property Type
Multiple Dwellings
Subdivision
MONTGOMERY ACRES
Year Built
1957
Zoning
R-3
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
550
3 Bedrooms Units # Baths
2
3 Bedrooms Units Avg SqFt
1000
Cooling
See Remarks
Cooling
yes
Heating
See Remarks
Country
US
Elementary School District
Madison Elementary District
General Property Description Elementary School District2
Madison Elementary District
General Property Description High School District
Phoenix Union High School District
High School District
Phoenix Union High School District
Postal City
Phoenix
Township
2N
Water Source
Master Meter
Attached Garage
no
Construction Materials
Painted, Block
Electric
Other (See Remarks)
General Property Description # of Buildings
3
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
11,892
General Property Description Total # of Units
7
General Property Description Uncvrd Parking Spcs
7
Lot Size Dimensions
11,892
Number Of Buildings
3
Number Of Units Total
7
Open Parking Spaces
7
Parking Features
1 Space/Unit, Street Parking
Parking Total
7
Road Surface Type
Concrete
Roof
Foam
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
Public Survey Range
3E
Public Survey Section
16
1 Bedroom Units Avg Rent
1400
3 Bedrooms Units Avg Rent
2000
Disclosures
Other (See Remarks)
Listing Terms
Other (See Remarks)
Operating Expense
3116
Owner Pays
Other, Trash Collection, Water, Sewer
Tax Annual Amount
3116
Tax Block
1
Tax Book Number
162.00
Tax Lot
3
Tax Year
2021
Tenant Pays
Electricity
Contact - Listing ID 6401837
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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