Listing ID6401984
Price$3,200,000
StatusActive
CountyMaricopa
Year Built1941
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
SELLING FOR LAND VALUE! PRIME REDEVELOPMENT OPPORTUNITY IN SOUTH PHOENIX! This is an exciting venture to design, engineer, and build a 48-unit townhome build-to-rent community on 2.7 AC (net) or 3.18 AC (gross) zoned R-3. 0.1 Miles from the Future Light Rail South Central Extension Stop on Baseline Rd. APNs included in Sale: 300-43-025, 300-43-027, 300-43-026, 300-43-028, 300-43-029.
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Year Built
1941
Zoning
R-3 and R1-6
1 Bedroom Units
12
1 Bedroom Units: Number of Baths
1
Appliances Included
None
Cooling
Window/Wall Unit
Floors
Other
Heating
Wall Furnace
Other Type
Other (See Remarks)
Total Units
12
Construction
Other (See Remarks)
Exterior Finish
Other (See Remarks)
Lot Size Dimensions
303.1 x 402.1
Roads/Streets
Dedicated Street
Roofing
Comp Shingle, Other (See Remarks)
Country
USA
Cross Street
S Central Ave and E Beautiful Lane
Elementary School
Valley View Elementary School
High School
South Mountain High School
High School District Number
210 - Phoenix Union High School District
Jr. High School
C O Greenfield School
Lot Number
6
Map Code/Grid
S34
Range
3E
School District
066 - Roosevelt Elementary District
Section
5
Township
1S
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-05-18T18:25:29+00:00
Gas
SW Gas
Marketing Name
8034 S Central Ave
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.1
Water
City Franchise
1 Bedroom Units: Average Rent
700
Adjusted Gross Income
86400
Annual Electric Expense
2000
Annual Insurance Expense
3000
Annual Maintenance Expense
12000
Annual Management Expense
3600
Annual Water/Sewer Expense
6000
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
96000
Net Operating Income
68695
New Financing
Conventional
Operating Expense
27305
Owner Pays
Trash Collection, Water
Sale Includes
Land & Building, Other (See Remarks)
Tax Municipality
Phoenix
Taxes
705
Tenant Pays
Electric, Other (See Remarks)
Total Monthly Rental Income
8050
Contact - Listing ID 6401984
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
