3350 E PINCHOT Avenue, Phoenix, AZ 85018
$3,300,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$3,300,000
List Date:
7/31/2023
Last Modified:
1/23/2024
Description
Welcome to this exceptional investment property nestled in the sought-after Arcadia area. This contemporary 5-unit townhome complex was thoughtfully designed and constructed in 2022, offering modern living spaces and a prime location that attracts tenants seeking both convenience and luxury. Each townhome features a stylish design with high-end finishes and amenities, ensuring a premium living experience for tenants. All units are fully occupied, presenting an immediate and steady income stream for the savvy investor.
More Information MLS# 6586643
Contract Info
Current Price: $3,300,000
List Price: $3,300,000
Status: Active
List Date: 2023-07-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 3350
Compass: E
Street Name: PINCHOT
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 1 PINCHOT 34 TOWNHOMES MCR 154541
Subdivision: PINCHOT 34 TOWNHOMES
Assessor's Map #: 31
Assessor's Parcel #: 364
Add'l Parcels: Yes
Assessor Number: 127-31-364
Legal: LOT 1 PINCHOT 34 TOWNHOMES MCR 154541
Census Tract: 110901
Tax Municipality: Phoenix
Taxes: 570
Tax Year: 2022
Marketing Name: N/A
General Property Description
Lot Size Dimensions: 14996 square feet
Year Built: 2022
Uncvrd Parking Spcs: 10
Total # of Units: 5
# of Buildings: 1
Zoning: R-3
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: PINCHOT AND 34TH ST
Geo Lat: 33.482615
Geo Lon: -112.00877
Status Change Info
Status Change Date: 2024-01-05
Legal Info
Township: 2N
Range: 3E
Section: 25
Lot Number: 1
Income & Expenses
Annual Ins Exp: 1250
Annual Landscape Exp: 1000
Annual Maint Exp: 1000
Owner Association: No
Annual Rplcmnt Rsrvs: 1500
Operating Exp: 5320
Gross Annual Sch Inc: 207450.72
Adjusted Gross Inc: 207450.72
Net Operating Income: 200196
Pmt & Rate Info
Cap Rate: 5.85
Equity: 3425000
3 Bedrooms Units
# 3 Bedroom Units: 5
Avg Rent: 3400
Avg SqFt: 1783
# Baths: 12
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Concrete; Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Wall Furnace
Cooling: Electric; Individual
Water: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Garage; >1 Space Per Unit; Attached
Roads/Streets: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electric; Trash
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
New Financing: Conventional; No Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Launch Powered By Compass
Last Updated: January - 23 - 2024
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