$1,500,000
3240 E Pinchot Avenue
Phoenix, AZ 85018
MLS# 5958959



3240 E Pinchot Avenue, Phoenix, AZ 85018
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Property Description
UNDER CONSTRUCTION opportunity in the Arcadia Lite district. BULK DEAL for 4-plex building. Now taking PRE-SALES. MODEL HOMES are currently under construction and are projected to be finished by the end of December. Standard house features include wood tile flooring, quartz counters, GE stainless steel appliances, shaker cabinets, low flow water sense fixtures, LED lighting, and spray foam insulation. Choose from the Birch Wood, Stone, and Magnolia Interior Design packages for cabinets, handles, wood flooring and wall paint. Only extra amount you pay for is a 4th bedroom upgrade and/or smart home upgrade. Don't miss out on this incredible opportunity!!!

Details
Maps
Contract Info
Current Price: $1,500,000
List Price: $1,500,000
List Date: 2019-07-31
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3240
Compass: E
Street Name: Pinchot
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: USA
County Code: Maricopa
Subdivision: Gifford Groves
Assessor Number: 127-31-347
Marketing Name: Gifford Groves
General Property Description
Apx Lot Size Range: 150 x 50
Year Built: 2019
Zoning: R-3
Elementary School: Creighton Elementary School
Jr. High School: Creighton Elementary School
High School: Camelback High School
Elem School Dist #: 014 - Creighton Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.482819
Geo Lon: -112.011021
Status Change Info
Status Change Date: 2019-07-31
Status: Active
Legal Info
Lot Number: 7, 8, 9. 10
Income & Expenses
Annual Elec Exp: 700
Annual Ins Exp: 1100
Annual Landscape Exp: 1600
Annual Maint Exp: 170
Annual Mgmt Exp: 5100
Annual Trash Exp: 1300
Annual Wtr/Swr Exp: 2700
Owner Association: Yes
Operating Exp: 12670
Gross Annual Sch Inc: 10000
Vacancy Allowance: 0.08
Adjusted Gross Inc: 9200
Net Operating Income: 94000
Pmt & Rate Info
Cap Rate: 6.27
Equity: 1500000
Showing Instructions
Permission Required to Show: No
Notify: Via Text, Phone or Email
ARMLS Lockbox: No
Non-ARMLS Lockbox: No
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 2500
Avg SqFt: 2175
# Baths: 3
4 Bedrooms Units
# 4 Bedroom Units: 2
Avg Rent: 2500
Avg SqFt: 2175
# Baths: 3
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted; Stucco; Stone; Siding
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Pool(s); Barbecue Area(s)
Exterior Amenities: Green Landscaping; Fenced; Security Light(s)
Interior Amenities: Vertical Blinds; Drapes
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Electric; 2 or More Units; ENERGY STAR Qualified Equipment
Cooling: Electric Refrigeratd; ENERGY STAR Qualified Equipment
Water: Private Franchise
Sewer: Sewer - Private
Electric: SRP
Gas: None
Parking: Garage; >1 Space Per Unit; Add'l Parking Avail; Free
Roads/Streets: Asphalt/Blacktop; Private Street; Sidewalk(s)
Owner Pays: None
Tenant Pays: Water; Electric; Trash; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional
Reports/Disclosures: Soil Test; Perc Test; Appraisal; Development Plan Avl
Environmental: Phase I Available

Listing Office: Somma Realty, Inc

Last Updated: November - 15 - 2019

3240 E Pinchot Avenue, Phoenix, AZ 85018 - MLS# 5958959

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Sunday 15th of December 2019 07:36 PM