9645 N 11TH Avenue, Phoenix, AZ 85021
$3,500,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$3,500,000
Last Modified:
11/05/2021
Description
Foothill Acres Apartments is a 30-unit apartment community featuring (14) 1-bedroom/1-bathroom units and (16) 2-bedroom/1-bathroom units. The property is located in the developing Mountain View Acres, surrounded by up-and-coming restaurants, schools, and parks. It is minutes from North Mountain Park, famous for its numerous hiking trails and wildflower viewing, and within walking distance to the Arizona Canal Trail. The property is also just minutes from the I-17 Highway and is within a bike ride's distance to the 19th Avenue and Dunlap light rail station.
More Information MLS# 6165999
Contract Info
Ownership: Fee Simple
Current Price: $3,500,000
Listing Price: 3750000
Status: Closed
Listing Date: 2020-11-18
Location, Tax & Legal
Assessor's Map #: 34
Legal Description (Abbrev): FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA
Assessor's Parcel #: 46
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 9501
Legal: FOOTHILL ACRES MCR 28-30 PT LOT 58 N 250F OF W 15 5F EX N 5F RD P/D 12437-578 & EX W 5F & EX 12F RA
Marketing Name: Foothill Acres Apartments
MapCoordinate: M34
Street # (Modifier): 9645
Direction: N
Street Name: 11TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip + 4: 3067
County: Maricopa
Subdivision: FOOTHILL ACRES LOTS 33-48 & 58-59
Tax Parcel: 158-34-046
Tax Year: 2020
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 45
Lot Size Dimensions: 150ft x 250ft
Total # of Units: 30
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Year Built: 1984
Zoning: R-4
Legal Info
Range: 3E
Section: 30
Township: 3N
TaxLot: 58
Project Type
25 - 50 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stone: 1
Roofing
Composition: 1
Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9501
Other Income: 0
Vacancy Allowance: 0.07
Adjusted Gross Inc: 302752.2
Pmt & Rate Info
Cap Rate: 5.7
Equity: 3750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Individual: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Individual: 1
Interior Features
Fire/Smoke Alarm(s): 1
Fire Sprinklers: 1
Tenant Pays
Electricity: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Other: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Attached: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 14
Avg Rent: 684
Avg SqFt: 575
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
Avg Rent: 802
Avg SqFt: 645
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.574527
Geo Lon: -112.086582
Status Change Info
Off Market Date: 2021-01-21
Date Pended: 2021-01-19
Close Date: 2021-03-23
Sold Price: $3,500,000
Income Expenses
GrossScheduledIncome: 325540
NetOperatingIncome: 213738
Property Features
Project Type: 25 - 50 Units
Construction: Block
Const - Finish: Painted; Stone
Roofing: Composition
Floors: Ceramic Tile
Community Features: No Pool
Interior Features: Fire Sprinklers
Appliances Included: Refrigerator
Heating: Individual
Cooling: Ceiling Fan(s); Central Air
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking Features: Attached
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Listing Office:
ABI Multifamily
Last Updated: November - 05 - 2021
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