821 N 3RD Street, Phoenix, AZ 85004 (MLS# 4592695)

821 N 3RD Street
Phoenix, AZ 85004
MLS# 4592695
Status: Closed
6801 sqft

821 N 3RD Street, Phoenix, AZ 85004
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821 N 3RD Street, Phoenix, AZ 85004 821 N 3RD Street, Phoenix, AZ 85004 821 N 3RD Street, Phoenix, AZ 85004 821 N 3RD Street, Phoenix, AZ 85004 821 N 3RD Street, Phoenix, AZ 85004

Property Description
Major price reduction of over $150K! Owner wants it sold! A commercial and residential mix of 10 studio apartments, a 1000 Sq Ft 1 bedroom 2 bath loft and a newly remodeled 1000 Sq Ft commercial space that fronts to 3rd street and sees over 42K vehicles per day and over 20K in foot traffic per month! New urban commercial and residential mix development going in to the north and east of the property. $33K Energize Phoenix Grant available!

Contract Info
Current Price: $400,000
List Price: $595,000
Status: Closed
List Date: 2011-05-29
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 821
Compass: N
Street Name: 3RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85004
Zip4: 2071
Country: USA
County Code: Maricopa
Subdivision: Chuchill Addition
Assessor Number: 111-44-022
Taxes: 5009
Marketing Name: Commercial & Residential!
General Property Description
Approx SQFT: 6801
Year Built: 1970
Zoning: C-2
Remarks & Misc
Directions: South on 3rd Street from Roosevelt one block to Garfield. East on Garfield. Property is on the SE corner of 3rd Street and Garfield.
Geo Lat: 33.45745
Geo Lon: -112.0696
Status Change Info
Status Change Date: 2011-10-08
Off Market Date: 2011-08-17
Under Contract Date: 2011-08-08
Close of Escrow Date: 2011-10-07
Sold Price: 400000
Legal Info
Township: 1N
Range: 3E
Section: 5
Lot Number: 6
Income & Expenses
Annual Gas Exp: 800
Annual Ins Exp: 2797
Annual Landscape Exp: 1200
Annual Maint Exp: 2374
Annual Trash Exp: 1896
Annual Wtr/Swr Exp: 3198
Owner Association: No
Operating Exp: 17274
Gross Annual Sch Inc: 63854
Adjusted Gross Inc: 63854
Net Operating Income: 50293
Pmt & Rate Info
Cap Rate: 8.45
Equity: 595000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concess $/%: %
Seller Concess $/%: %
Property Features
Building Type: Commercial
Current Use: Mixed Use; Office; Retail; Other; See Remarks
Stories: 2 Stories
Construction: Block; Tilt-Up
Roofing: Foam
Floors: Concrete; Wood
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Electric
Cooling: Central A/C; Window/Wall Unit
Loading Facilities: None
Interior: Finished; Private Restrooms
Exterior: Corner Lot; Dual Street Ftg; Landscaping
Fencing: None
Amenities: Kitchen; Showers - Office; Display Window(s)
Parking: Free; Public Parking; Private Parking; Paved Parking
Electric: APS; Individual Meter
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Cash Only; Owner May Carry
Special: Economic Redvlpmnt
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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
Roads/Streets: Asphalt; Concrete; Sidewalk(s); Alley
Traffic Count: 35,001 to 50,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Phase I Available

Listing Office: Realty Executives

Last Updated: May - 23 - 2020

821 N 3RD Street, Phoenix, AZ 85004 - MLS# 4592695

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Saturday 6th of June 2020 01:14 PM