1850 N 51ST Street, Phoenix, AZ 85008
$4,750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$4,750,000
Last Modified:
5/01/2024
Description
This is a rare opportunity to own newly constructed 2023 townhomes in a convenient lower Arcadia location where maximizing NOI was clearly well thought out, designed to be low maintenance and efficient to maximize income stream. All units individually metered for electric and no other onsite electric. Desert landscape is low maintenance and cost efficient. All 10 units are 3 BR/2 ½ BA with either 1552 or 1776 sqft., with 1 or 2 car garages. The units are desirable, making them easily rentable for consistent cash flow. They have open floor plans, high end finishes, large kitchens, quartz countertops, stainless appliances, huge master bedrooms/baths, balconies, upgraded wood tile throughout, backyard patios, two and one car garages. Close to 143/202, Old Town, Sky Harbor, Entertainment.
More Information MLS# 6676182
Contract Info
Current Price: $4,750,000
List Price: $4,750,000
Status: Active
List Date: 2024-03-12
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1850
Compass: N
Street Name: 51ST
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 7707
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TH POR ORANGEDALE ESTATES MCR 30-3 LOT 1 EX W 377 FT & EX E 10 FT FOR RD TOG WI S 16.5 FT OF TH POR
Assessor's Map #: 20
Assessor's Parcel #: 50
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 126-20-050-C
Legal: TH POR ORANGEDALE ESTATES MCR 30-3 LOT 1 EX W 377 FT & EX E 10 FT FOR RD TOG WI S 16.5 FT OF TH POR
Census Tract: 111201
Tax Municipality: Phoenix
Taxes: 4016
Tax Year: 2023
Marketing Name: Villa Fifty1 West
General Property Description
Lot Size Dimensions: 232.48 X 116.50
Year Built: 2023
Total # of Units: 10
# of Buildings: 6
Zoning: R3
Elementary School: Griffith Elementary School
Jr. High School: Pat Tillman Middle School
High School: Camelback High School
Elementary School District: Balsz Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 51st Street & McDowell Road
Directions: From 44th Street & McDowell Road, head east on McDowell Road to 51st Street. Go north on 51st Street. Property is on the west side of 51st Street approximately 1/4 mile north of McDowell.
Geo Lat: 33.46909
Geo Lon: -111.972426
Status Change Info
Status Change Date: 2024-03-12
Legal Info
Township: 2N
Range: 4E
Section: 32
Lot Number: 1
Income & Expenses
Owner Association: No
Operating Exp: 4016
Gross Annual Sch Inc: 310200
Other Income: 16460
Vacancy Allowance: 0.02
Adjusted Gross Inc: 320126.8
Net Operating Income: 253654
Pmt & Rate Info
Cap Rate: 5.2
Equity: 4875000
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 10
Avg Rent: 2585
Avg SqFt: 1664
# Baths: 25
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Brick Trim/Veneer
Roofing: Foam
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Barbecue
Exterior Amenities: Landscape Wtr System; Desert Landscaping; Cable TV Available; Patio/Balcony
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers; Breakfast Bar
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup; Other (See Remarks)
Cooling: Electric; Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: Garage; Attached; Auto Door Opener
Roads/Streets: Asphalt; Private Street
Owner Pays: Water; Landscaping
Tenant Pays: Water; Sewer; Electric
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks; None
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Phase I Available
Listing Office: NORTH&CO.
Last Updated: May - 01 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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