4318 N 13th Place, Phoenix, AZ 85014

$5,500,000
List Price
$5,500,000
Status
ACTIVE
Days on Market
9
MLS#
6398481
City
Phoenix
Lot Size
8
Year Built
1985

Property Description

Aviara is a unique 16-unit property located in the strongPhoenix rental submarket of Uptown Village. The community wasconstructed in 1985, using frame-wood and stucco. The propertyconsists of (8) two-bedroom / two-bathroom apartment-styleunits and (8) two-bedroom / 1.5 bathroom townhome-style units.Recent property renovations include white shaker cabinets, quartzcountertops, tile backsplash, stainless steel appliances, woodplank vinyl flooring, modern faucets, fixtures, LED mirrors, smartthermostats, and keyless entry. All units are individually meteredfor electricity, equipped with individual water heaters, and havein-suite washers / dryers. Tenants enjoy at-unit carport parking,private balconies, and spacious backyards. Recent exteriorupdates include fresh elastom The property is located just south of the prestigious "Camelback Corridor", an area known for its major employers, schools, shopping, fine dining, and the Arizona Biltmore Resort. The immediate neighborhood surged with new condo, and townhouse developments in recent years. Tenants enjoy convenient access to SR-51, Loop 202, and Interstate-10 Freeways. The property is also in close proximity to Phoenix International Airport and the many sports, entertainment, and cultural amenities offered in Downtown Phoenix.

Additional Information

Gross Annual Sch Inc
360000
Other Income
18400
Adjusted Gross Inc
363264
Taxes
$12,722
Operating Exp
12722
Net Operating Income
$303,581
Units
16
Project Type
13 - 24 Units
Construction
Frame - Wood
Roofing
Other (See Remarks)
Parking
>1 Space Per Unit, Carport, Paved Parking
Cooling
See Remarks
Heating
See Remarks
Floors
Other
Zoning
R-3
Community Amenities
No Pool, Other
Electric
SRP
Gas
Other (See Remarks)
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
Conventional, Other (See Remarks)
School District
210 - Phoenix Union High School District

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.