936 MOUNTAIN VIEW Road $1,999,000

    Close

    936 MOUNTAIN VIEW Road Phoenix, AZ 85021

    Closed
    SOLD 12/13/2019

    $1,999,000

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 5984257
    Favorite Share
    Views: 15 Days On Market: 146

    Property Details

    16-unit community fully repositioned in 2018 with over $32K per door invested. Fully occupied with blend of Section 8 and non-Section 8. All units are 2bed/1bath 850sf. 4 buildings with 4 units in each building and separate APNs, allowing for residential financing. Lot size allows for value add opportunity by adding two story building for 8 additional units where laundry room currently sits. All units are individually metered for power and water through third party. Onsite coin operated laundry building with office/utility room and bathroom. Playground and BBQ area.

    • General Features
      • Assessor Book # 158.00
      • Assessor Map # 29.00
      • Assessor Number 158-29-203
      • Assessor Parcel # 203.00
      • Bldg Number 3
      • Community Amenities No Pool, Manager Res/Office, Play Area
      • County Maricopa
      • Covered Parking Spcs 0.00
      • Cross Street HATCHER AND 7TH AVE.
      • Gas None
      • List Date 2019-09-17
      • Marketing Name n/a
      • New Financing Conventional, 1031 Exchange
      • Off Market Date 2019-11-19
      • Parking Street Parking
      • Project Type Four Plex, 13 - 24 Units
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision IRONWOOD PLACE MCR 36-33
      • Tax Municipality Phoenix
      • Tax Year 2019
      • Taxes $3,951
      • Total Units 16.00
      • Type ER
      • Uncvrd Parking Spcs 25.00
      • Year Built 1965
      • Zoning Multi Fam
    • Building Features
      • Construction Frame - Wood
      • Appliances Included BI Oven/Range, Refrigerator, Disposal, Microwave
      • Floors Ceramic Tile
      • Cooling Central A/C, 2 or More Units
      • Heating Electric
      • Interior Amenities Unfurnished, Fire/Smoke Alarm(s), Mini Blinds
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 16
      • 2 Bedroom Units: # Baths 1
      • 2 Bedroom Units: Avg Rent 898.00
      • 2 Bedroom Units: Avg SqFt 850
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 30
      • Tenant Pays Water, Electric
      • Ownership Fee Simple
      • Owner Pays Sewer, Trash, Landscaping
      • Income & Expenses: Net Operating Income 141609.00
      • Income & Expenses: Gross Annual Sch Inc 165869.00
      • Income & Expenses: Adjusted Gross Inc 160892.93
      • Legal Info: Range 3E
      • Legal Info: Lot Number 26
      • Total Parking Space 25.00
      • Number of Buildings 4
      • Electric APS
      • Exterior Amenities Desert Landscaping, Partially Fenced, Patio/Balcony
      • Lot Size Dimensions 45613
      • Sewer Sewer - Public
      • Water City Franchise, Individual Meter
    • Schools
      • Elementary School Washington Elementary School - Phoenix
      • High School Glendale High School
      • Middle School Washington Elementary School - Phoenix
      • School District 205 - Glendale Union High School District

    Neighborhood

    85021 (Phoenix) Demographics

    33 Median Age
    6,010 Population Density (per sq. mile)
    38% College Educated
    $37,595 Estimated Median Income
    6,008 Estimated Total Home Owners
    9,699 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    40,422 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $351,000 Median Sales Price
    35 Homes Sold
    44 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        12/13/2019 12:00:00 AM Sold Source New Value: $1,999,000
        11/19/2019 10:39:16 AM Status Changed Source New Value: Pending
        10/31/2019 5:09:13 PM Status Changed Source New Value: UCB (Under Contract-Backups)
        10/31/2019 4:24:22 PM Status Changed Source New Value: CCBS (Contract Contingent on Buyer Sale)
        10/25/2019 1:54:19 PM Status Changed Source New Value: Active
        9/29/2019 3:08:57 PM Status Changed Source New Value: UCB (Under Contract-Backups)

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        *This Payment Calculator is intended for educational and planning purposes only.
        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/21/2020 7:11:11 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.