Listing ID6401952
Price$4,495,000
StatusActive
CountyMaricopa
SubdivisionCHURCHILL ADDITION
Year Built1970
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Combine on Third St is a 12 unit complex including 11 residential 1bed 1bath units & 1 commercial unit. (Currently Lacuna Kava Bar) LOCATION, LOCATION, LOCATION, this property is walking distance from ASU downtown, Convention Center, Roosevelt Row, Angels Trumpet, AZ Wilderness Brewery, enjoy walking distance from one of the nations largest self-guided art walks, FIRST FRIDAY! Building has truly eccentric character.
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
CHURCHILL ADDITION
Year Built
1970
Zoning
C-DT
1 Bedroom Units
2
1 Bedroom Units: Average SqFt
1000
1 Bedroom Units: Number of Baths
2
Appliances Included
F/S Oven/Range, Other (See Remarks), Refrigerator
Average SqFt
525
Baths
1
Cooling
Ceiling Fan(s), Window/Wall Unit
Efficiency Units
10
Floors
Ceramic Tile, Concrete, Vinyl
Heating
Electric
Interior Amenities
Drapes, Fire/Smoke Alarm(s), Furnished, Unfurnished
Total Units
12
Construction
Brick
Exterior Amenities
Desert Landscaping, Security Light(s)
Exterior Finish
Other (See Remarks)
Lot Size Dimensions
7000 SQ FT
Parking
1 Space/Unit, Assigned
Roads/Streets
Asphalt
Roofing
Built-Up, Comp Shingle
Total Parking Spaces
12
Country
USA
Cross Street
E Roosevelt St & 3rd St
Elementary School
Emerson Elementary School
High School
Phoenix Union Bioscience High School
High School District Number
210 - Phoenix Union High School District
Jr. High School
Phoenix Prep Academy
Lot Number
6
Map Code/Grid
Q34
Range
3E
School District
001 - Phoenix Elementary District
Section
5
Township
1N
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-05-18T17:47:04+00:00
Gas
SW Gas
Marketing Name
COMBINE ON THIRD
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.02
Water
City Franchise, Individual Meter
1 Bedroom Units: Average Rent
2600
Adjusted Gross Income
220402
Annual Other Expense
29000
Average Rent
1295
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
222000
Net Operating Income
180000
New Financing
1031 Exchange, Conventional
Operating Expense
36094
Other Income
2900
Owner Pays
See Remarks, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Laundry Equipment, Personal Property
Tax Municipality
Phoenix
Taxes
7094
Tenant Pays
Cable TV, Electric
Contact - Listing ID 6401952
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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