Listing ID6419493
Price$2,500,000
StatusActive
CountyMaricopa
Year Built2022
Property TypeMultifamily Residential
Property Sub TypeFour Plex
Clarendon IV Townhomes features both modern architecture with custom entry doors and interior amenities. The property is constructed of both concrete masonry and wood frame with a stucco exterior finish and flat roofing situated on approximately 0.26 acres of land. Clarendon IV Townhomes features a unit mix of 3-bedroom / 2.5-bathroom townhome-style units and 2-bedroom / 2.5-bathroom + office nook townhome-style units at 1,600 square feet each plus an additional 456 SF two-car, direct-access garage with an electric car charging outlet in each garage. Each unit is individually metered for electricity and provides hook-ups for full-size washer and dryer appliances. Interior amenities include quartz countertops, white shaker cabinets and Delta matte black faucets in kitchens and bathrooms, wood plank vinyl flooring, tile showers, drop-in tubs, ceiling fans and kitchens fully equipped with stainless-steel appliance packages which include an oven / range, garbage disposal, and refrigerator. Clarendon IV Townhomes residents enjoy the privacy of backyards and views of Phoenix's midtown skyline from spacious balconies. Significant employers near the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Banner Health, St. Joseph's Hospital, U-Haul International, Wells Fargo, JP Morgan Chase, and Phoenix Children's Hospital. Clarendon IV Townhomes is a 4-unit townhome community in the North Central submarket of Phoenix, AZ. Situated on Clarendon Avenue west of 7th Street and south of Indian School Road, the property sits less than three miles from the Biltmore area and four miles north of Downtown Phoenix. Residents enjoy a premium, central location with direct access to all areas of Phoenix by way of the Interstate 10, Interstate 17, and State Route 51 freeways. Immediate neighborhood conveniences and services include AJ's Fine Foods, Whole Foods Market, Fry's Food and Drug, Target, Walgreens Pharmacy, Chase Bank, and Wells Fargo Bank. An abundance of dining and entertainment options are just a 10-minute drive away at Uptown Plaza at the intersection of Camelback Road and Central Avenue where residents have ready access to desirable destinations such as Postino's, The Windsor, Federal Pizza, Joyride Taco House, Shake Shack, Lou Malnati's Pizzeria, and Flower Child among many more. The nearby 7th Street Restaurant Corridor also offers iconic dining options such as: Culinary Dropout, Bevvy Uptown, MORA Italian, Spinato's Pizzeria, Taco Guild, and Gadzooks Enchilada and Soup.
County
Maricopa
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Year Built
2022
Zoning
R-3
2 Bedroom Units
2
2 Bedroom Units: Average SqFt
1600
2 Bedroom Units: Number of Baths
25
3 Bedrooms Units
2
3 Bedrooms Units: Average SqFt
1600
3 Bedrooms Units: Number of Baths
25
Appliances Included
Other (See Remarks)
Cooling
Electric
Floors
Other
Heating
Electric
Total Units
4
Construction
Block, Frame - Wood
Covered Parking Spaces
8
Exterior Finish
Stucco
Lot Size Dimensions
unknown
Parking
Garage
Roads/Streets
Asphalt
Roofing
Other (See Remarks)
Total Parking Spaces
8
Country
USA
Cross Street
7th St & Indian School Rd
High School District Number
210 - Phoenix Union High School District
Lot Number
16
Map Code/Grid
P34
School District
008 - Osborn Elementary District
Community Amenities
No Pool
Electric
Other (See Remarks)
Entry Timestamp
2022-06-17T19:13:40+00:00
Gas
None
Marketing Name
Clarendon IV Townhomes
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.03
Water
City Franchise
2 Bedroom Units: Average Rent
3200
3 Bedrooms Units: Average Rent
3200
Adjusted Gross Income
153900.2
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
153360
Net Operating Income
133897
New Financing
Conventional, Other (See Remarks)
Operating Expense
2643
Other Income
5300
Owner Pays
Sewer, Trash Collection, Water
Sale Includes
Other (See Remarks)
Tax Municipality
Phoenix
Taxes
2643
Tenant Pays
Electric
Contact - Listing ID 6419493
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
