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111 W MISSOURI Avenue, Phoenix, AZ 85013

$6,000,000
Status: Active
Current Price: $6,000,000 List Date: 11/03/2021 Last Modified: 11/29/2021

Description

This 8 plex condo community in Downtown Phoenix consists of 6 units that are 4 bedroom 4 and 1/2 baths and 2 units that are 3 beds and 3 and 1/2 baths. Each unit have 2 car garage. All condos open with the dramatic 9 foot entry door takes you into our spectacular foyer with soaring ceiling of over 20 feet. The beautiful living and dining room area has crown molding, 10 foot high ceilings, gas fireplace. The kitchen features beautiful galley style, a classic chef's kitchen including a 6-burner gas cook top and stainless steel appliances! View the wonderful master bedroom, sitting area. Large master bedroom walk in closet. The bedroom downstairs has a private exterior exit. This is truly a one of a kind development. Gated entry for privacy.

More Information MLS# 6315942

Contract Info

Current Price: $6,000,000 List Price: $6,000,000 Status: Active List Date: 2021-11-02 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: N34 House Number: 111 Compass: W Street Name: MISSOURI St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85013 Zip4: 1821 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT C MISSOURI PALMS CONDOMINIUM MCR 066420 Subdivision: MISSOURI PALMS CONDOMINIUM Assessor's Map #: 25 Assessor's Parcel #: 365 Add'l Parcels: Yes Assessor Number: 162-25-365 Legal: LOT C MISSOURI PALMS CONDOMINIUM MCR 066420 Census Tract: 107500 Tax Municipality: Phoenix Taxes: 37380 Tax Year: 2021 Marketing Name: Missouri Palms

General Property Description

Lot Size Dimensions: 322.39x105 Year Built: 2007 Uncvrd Parking Spcs: 6 Total # of Units: 8 # of Buildings: 4 Zoning: R-3 Flood Zone: No Elementary School: Madison Elementary School Jr. High School: Madison Elementary School High School: Central High School Elem School Dist #: 210 - Phoenix Union High School District High School Dist #: 210 - Phoenix Union High School District

Remarks & Misc

Cross Street: Central & Missouri Directions: West on Missouri to gated community. Geo Lat: 33.516036 Geo Lon: -112.076549

Status Change Info

Status Change Date: 2021-11-02

Legal Info

Township: 2N Range: 3E Section: 17 Lot Number: A-H

Income & Expenses

Annual Ins Exp: 1215 Annual Landscape Exp: 7760 Annual Legal & Acctg: 4705 Annual Maint Exp: 6000 Annual Wtr/Swr Exp: 14226 Owner Association: Yes Operating Exp: 71286 Gross Annual Sch Inc: 307200 Adjusted Gross Inc: 307200 Totl Mnth Rntal Inc: 25600 Net Operating Income: 235914

Pmt & Rate Info

Cap Rate: 3.93 Equity: 6000000

3 Bedrooms Units

# 3 Bedroom Units: 2 Avg Rent: 2700 Avg SqFt: 2507 # Baths: 35

4 Bedrooms Units

# 4 Bedroom Units: 6 Avg Rent: 3300 Avg SqFt: 3394 # Baths: 45

Property Features

Project Type: 5 - 12 Units Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Tile Floors: Other Sale Includes: Land & Building Community Amenities: No Pool Appliances Included: BI Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Ceiling Fan(s); Individual Water: City Franchise; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Parking: Garage; Attached; Auto Door Opener Roads/Streets: Asphalt; Private Street Owner Pays: Landscaping Tenant Pays: Electric; Gas; Cable TV Source of Fincl Data: Provided by Owner; Provided by Accntnt Existing 1st Loan: Treat as Free&Clear New Financing: Conventional; 1031 Exchange Reports/Disclosures: None Environmental: None
Listing Office: Keller Williams Realty East Valley
Last Updated: November - 29 - 2021
111 W MISSOURI Avenue, Phoenix, AZ 85013- MLS# 6315942
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