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2006 N 51ST Street, Phoenix, AZ 85008

$2,650,000
Status: Active
Current Price: $2,650,000 List Date: 9/29/2021 Last Modified: 11/29/2021

Description

T H E D U F F is a nine-unit apartment community positioned in thegeographical heart of the Phoenix MSA offering outstanding connectivity to pivotal Valley submarkets, including Phoenix, Scottsdale, Tempe, Glendale, and the greater southeast Valley. Within a ten-mile radius, the property is afforded access to ±581,100 employees at companies such as Charles Schwab, Yelp, State Farm, Wells Fargo, Honeywell, and General Dynamics as well as outstanding reach to Greater Phoenix's best hospitals inclusive of Banner University Medical Center, Valleywise Health Medical Centers, and Honorhealth Scottsdale Osborn Medical Center.

Suppliments: The Duff is also presented access to a growing culinary scene with hotspots across central Phoenix and Scottsdale featuring one-of-a-kind, local restaurants and nightlife options complemented by the mainstay retail + dining locations of downtown Tempe, Tempe Marketplace, Biltmore Fashion Center, and Scottsdale Fashion Square. Developed in 1985, The Duff is comprised of a complementary mix of two-and three-bedroom floorplans - all units averaging 967 square feet. Future ownership will have the opportunity to capitalize on sustained rental growth due to it's rapidly-improving prime location.

More Information MLS# 6300141

Contract Info

Current Price: $2,650,000 List Price: $2,650,000 Status: Active List Date: 2021-09-19 Ownership: Fee Simple

Location, Tax & Legal

Map Code/Grid: P36 House Number: 2006 Compass: N Street Name: 51ST St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85008 Zip4: 4201 Country: USA County Code: Maricopa Legal Description (Abbrev): ORANGEDALE TR PT LOT 11 BEG 377.14' E OF SW COR N 115.5' E TO E LI S 115.5' W 271.63' M/L TO BEG EX Subdivision: ORANGEDALE TRACT 11,13,14,15 Assessor's Map #: 21 Assessor's Parcel #: 7 Add'l Parcels: No Assessor Number: 126-21-007 Legal: ORANGEDALE TR PT LOT 11 BEG 377.14' E OF SW COR N 115.5' E TO E LI S 115.5' W 271.63' M/L TO BEG EX Census Tract: 111201 Tax Municipality: Phoenix Taxes: 3532 Tax Year: 2021 Marketing Name: The Duff

General Property Description

Lot Size Dimensions: 23522 Year Built: 1985 Uncvrd Parking Spcs: 3 Total # of Units: 9 # of Buildings: 2 Zoning: R-3 Elementary School: Orangedale Junior High Prep Academy Jr. High School: Orangedale Junior High Prep Academy High School: Camelback High School Elem School Dist #: 031 - Balsz Elementary District High School Dist #: 210 - Phoenix Union High School District

Remarks & Misc

Cross Street: 51st Street & McDowell Geo Lat: 33.469385 Geo Lon: -111.972404

Status Change Info

Status Change Date: 2021-09-29

Legal Info

Township: 2N Range: 4E Section: 32 Lot Number: 11

Income & Expenses

Owner Association: No Operating Exp: 3532 Gross Annual Sch Inc: 153908 Vacancy Allowance: 0.05 Adjusted Gross Inc: 146212.6

Pmt & Rate Info

Equity: 2650000

2 Bedroom Units

# 2 Bedroom Units: 8 Avg Rent: 1400 Avg SqFt: 862 # Baths: 1

3 Bedrooms Units

# 3 Bedroom Units: 1 Avg Rent: 1400 # Baths: 2

Property Features

Project Type: 5 - 12 Units Other Type: House + Rental Units Construction: Block; Frame - Wood Const - Finish: Painted; Stucco Roofing: Comp Shingle Floors: Ceramic Tile Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; Cable TV Available; Patio/Balcony; Separate Storage Interior Amenities: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: F/S Oven/Range; Refrigerator Heating: Natural Gas; Central Cooling: Ceiling Fan(s); Electric Water: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking: >1 Space Per Unit; Assigned; Paved Parking Roads/Streets: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electric; Gas; Cable TV Source of Fincl Data: Provided by Owner; Projected Proforma 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; 1031 Exchange Reports/Disclosures: None Environmental: None

Supplements

The Duff is also presented access to a growing culinary scene with hotspots across central Phoenix and Scottsdale featuring one-of-a-kind, local restaurants and nightlife options complemented by the mainstay retail + dining locations of downtown Tempe, Tempe Marketplace, Biltmore Fashion Center, and Scottsdale Fashion Square. Developed in 1985, The Duff is comprised of a complementary mix of two-and three-bedroom floorplans - all units averaging 967 square feet. Future ownership will have the opportunity to capitalize on sustained rental growth due to it's rapidly-improving prime location.
Listing Office: Corcoran Platinum Living
Last Updated: November - 29 - 2021
2006 N 51ST Street, Phoenix, AZ 85008- MLS# 6300141
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