2602 W GLENROSA Avenue, Phoenix, AZ 85017

$4,150,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,150,000 Last Modified: 11/01/2018

Overview

Description

Radius is a 72-unit garden-style apartment community located in a desirable Phoenix location. The property is situated on Glenrosa Avenue just west of the Interstate-17 Freeway. Built in 1979, the property is made of wood frame and stucco construction with new built-up foam roofs and is master-metered for electricity with a new chiller system. The unit mix is comprised of studio, one and two-bedroom floor plans that are spacious, very well designed and range in size from ±320 to ±620 square feet. Radius has recently undergone numerous capital improvements including new roofs, smooth stucco with a modern two-toned paint scheme, new gated entry, new boiler & cooling tower and a renovated leasing office.

Listing Details MLS# 5770880

Location, Tax & Legal

Map Code/Grid
P33
House Number
2602
Compass
W
Street Name
GLENROSA
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85017
Zip4
4346
Country
US
County Code
Maricopa
Assessor Number
154-18-001
Tax Year
2017

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
232' x 315'+/-
Year Built
1979
Total # of Units
72
# of Buildings
7
Zoning
C-2
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District

Remarks Misc

Cross Street
N. 27th Avenue and W. Glenrosa Avenue

Status Change Info

Off Market Date
2018-09-18
Under Contract Date
2018-07-26
Close of Escrow Date
2018-10-31

Legal Info

Township
2N
Range
2E
Section
24
Lot Number
na

More Information

Efficiency Units

# Efficiency Units
48
Avg Rent
560
Avg SqFt
377
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
22
Avg Rent
660
Avg SqFt
560
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
760
Avg SqFt
700
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
515040
Net Operating Income
267887

Contact Info

List Agent Home Phn
602-735-5634

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

Property Features

Project Type: 51 - 99 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Payment Includes: Principal; Interest Community Features: No Pool; Manager Res/Office Exterior Amenities: Landscape Water System; Desert Landscaping Interior Features: Unfurnished Appliances Included: Built-In Range; Refrigerator Heating: Individual Cooling: Electric; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas Parking Features: <1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner Existing 1st Loan: Conventional 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: Conventional Environmental: None
IDX
Listing Office: CBRE, Inc
Last Updated: November - 01 - 2018
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