$9,995,000
550 W MARYLAND Avenue, 101
Phoenix, AZ 85013
MLS# 5915096



550 W MARYLAND Avenue, 101, Phoenix, AZ 85013
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550 W MARYLAND Avenue, 101, Phoenix, AZ 85013

Property Description
Valencia Townhomes' attractive Tuscan design makes it one of the most unique and desirable communities in Metro Phoenix. The community consists of 36 townhome units in two two-story buildings that are wrapped by detached parking garages. Individual residences have spacious floor plans averaging ±1,386 square feet with contemporary interiors featuring porcelain tile & hardwoodstyle flooring, granite countertops, stainless-steel energy-efficient appliances including built-in microwaves, large dual-pane windows, garden bathtubs, full size washer and dryers with utility sink, private front courtyard with wrought iron gate, custom iron & glass-front entry door and detached garage parking. Community amenities are a resort-style pool with lounge area & outdoor kitchen area and exercise facility.

Details
Maps
Contract Info
Current Price: $9,995,000
List Price: $9,995,000
List Date: 2019-04-22
Location, Tax & Legal
Map Code/Grid: N34
House Number: 550
Compass: W
Street Name: MARYLAND
St Suffix: Avenue
Unit #: 101
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 1327
Country: USA
County Code: Maricopa
Subdivision: VALENCIA CONDOMINIUM AMD
Assessor Number: 161-30-286
Taxes: 60335
Marketing Name: Valencia Townhomes
General Property Description
Apx Lot Size Range: 106.67' x 615'
Year Built: 2009
Zoning: R-3
Elem School Dist #: 038 - Madison Elementary District
High School Dist #: 210 - Phoenix Union High School District
Remarks & Misc
Geo Lat: 33.531301
Geo Lon: -112.081005
Status Change Info
Status Change Date: 2019-04-22
Status: Active
Legal Info
Township: 2N
Range: 3E
Section: 8
Lot Number: 101
Income & Expenses
Owner Association: No
Operating Exp: 60335
Other Income: 21600
Adjusted Gross Inc: 21600
Net Operating Income: 530024
Pmt & Rate Info
Cap Rate: 5.17
Equity: 10250000
2 Bedroom Units
# 2 Bedroom Units: 36
Avg Rent: 1700
Avg SqFt: 1356
# Baths: 2
Property Features
Project Type: 25 - 50 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Wood; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: Pool(s); Exercise Room; Barbecue Area(s)
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Heating: Electric
Cooling: Individual
Water: Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking: Garage; Carport
Roads/Streets: Asphalt/Blacktop
Owner Pays: Water; Trash
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
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; No Carry
Reports/Disclosures: None
Environmental: None

Listing Office: CBRE, Inc

Last Updated: September - 11 - 2019

550 W MARYLAND Avenue, 101, Phoenix, AZ 85013 - MLS# 5915096

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Sunday 15th of September 2019 02:30 PM