2302 N 29TH Street, Phoenix, AZ 85008 (MLS# 6296086)

2302 N 29TH Street, Phoenix, AZ 85008

$2,125,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,125,000 Last Modified: 4/27/2026

Overview

Description

C H A R T E R O A K S is a eight-unit apartment community positioned in the heart of Camelback East offering a rapidly expanding dining scene underpinned by the established employment opportunities of Camelback, 44th Street, Phoenix Airport, & the Innovation Corridors. Charter Oaks maintains access to a strong economic landscape led by ±278,900 total employees housed across ±3,700 businesses including national names such as Wells Fargo,Freeport McMoRan, JPMorgan Chase, Honeywell, and Southwest Airlines. The property is further enhanced by its proximity to innovative healthcare initials including the highly anticipated Valleywise Health Medical Center expansion and a variety of new office developments such as Central Park and Astra that highlight the desirability of the area and its

Supplements: economic strength. Charter Oak's position within Camelback East also affords the property access to a growing restaurant scene dispersed across central Phoenix & Scottsdale providing one-of-a-kind dining opportunities across all cuisine types.Developed in 1961, Charter Oaks is comprised of a complementary mix of one- and two bedroom floor plans - a ... (Read more)

Listing Details MLS# 6296086

Location, Tax & Legal

Map Code/Grid: P35
House Number: 2302
Compass: N
Street Name: 29TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2044
Country: US
County Code: Maricopa
Subdivision: E THOMAS RD
Assessor Number: 120-25-096
Tax Year: 2021
Assessor's Map #: 25
Legal Description (Abbrev): EAST THOMAS ROAD TR 3
Assessor's Parcel #: 96
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111502
Taxes: 3185
Legal: LOT 133 EAST THOMAS ROAD TRACT 3 MCR 002525
Marketing Name: Charter Oaks

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 98 x 134
Year Built: 1965
Uncvrd Parking Spcs: 3
Total # of Units: 8
# of Buildings: Yes
Zoning: RES
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Creighton Elementary School
Jr. High School: Creighton Elementary School
High School: Camelback High School

Remarks Misc

Cross Street: E Oak Street
Directions: South on 32nd Street from Thomas Road to Oak Street; Right (W) on Oak Street to property. Located on NW corner of 29th Street & Oak Street.

Status Change Info

Off Market Date: 2021-11-14
Under Contract Date: 2021-11-14
Close of Escrow Date: 2022-02-28

Legal Info

Township: 2N
Range: 3E
Section: 35
Block: 2900
Lot Number: 133

More Information

Income Expenses

Gross Annual Sch Inc: 136200
Net Operating Income: 99040

1 Bedroom Units

# 1 Bedroom Units: 6
Avg Rent: 1350
Avg SqFt: 600
# Baths: 6

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1700
Avg SqFt: 800
# Baths: 2

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes
Tile: Yes

Floors

Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes
Other (See Remarks): Yes

Income & Expenses

Annual Ins Exp: 1800
Annual Land Lse Exp: 0
Annual Legal & Acctg: 2400
Annual Maint Exp: 3000
Annual Mgmt Exp: 6441
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 7504
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 2400
Annual Other Expense: 3000
Operating Exp: 29730
Other Income: 800
Vacancy Allowance: 0.06
Adjusted Gross Inc: 128780

Pmt & Rate Info

Cap Rate: 4.55
Equity: 2175000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Individual: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Desert Landscaping: Yes
Fenced: Yes
Curb(s) & Gutter(s): Yes
Cable TV Available: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Irrigation: Yes
Water Rights Grandfathered: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Free: Yes
On Street: Yes
>1 Space Per Unit: Yes
Paved: Yes
Assigned: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

No Carry: Yes
1031 Exchange: Yes

Special

Owner/Agent: Yes
Accept Backups (CLO): Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Other (See Remarks): Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition; Tile Floors: Other Sale Includes: Land & Building; Laundry Equipment; Other (See Remarks) Community Features: No Pool; Barbecue Exterior Amenities: Green Landscaping; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s); Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Individual; Central Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Water Rights Grandfathered; Irrigation; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking Features: On Street; >1 Space Per Unit; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner Special: Owner/Agent; Accept Backups (CLO) Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: No Carry; 1031 Exchange Environmental: None

Listing Office: Platinum Living Realty

Last Updated: April - 27 - 2026