$3,250,000
1420 E BETHANY HOME RoadPhoenix, AZ 85014
MLS# 5185171
70 beds | 70 baths
1 / 6
Property DescriptionBethany Gardens is an attractive 35-unit garden-style apartment community located in a dynamic central Phoenix neighborhood with high barriers to entry. Built in 1978, the property is made of block construction with built-up roofs, and is individually metered for electricity.
Details
Contract Info
Current Price: $3,250,000
List Price: $3,250,000
Status: Closed
List Date: 2014-10-14
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: N34
House Number: 1420
Compass: E
Street Name: BETHANY HOME
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 2006
Country: US
County Code: Maricopa
Assessor Number: 161-10-008
Tax Year: 2014
General Property Description
Lot Size Dimensions: 101175.65
Year Built: 1978
Uncvrd Parking Spcs: 32
Total # of Units: 35
# of Buildings: 5
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 29
2 Bedroom Units
# 2 Bedroom Units: 35
Avg Rent: 915
Avg SqFt: 925
# Baths: 2
Structure
Bedrooms Total: 70
Bathrooms Total: 70
Income & Expenses
Gross Annual Sch Inc: 380,321
Net Operating Income: 233,231
Contact Info
List Agent Home Phn: 602-735-5634
Sold Info
Loan Type: Conventional
Loan Years: 1
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Remarks Misc
Geo Lat: 33.524679
Geo Lon: -112.051562
Status Change Info
Off Market Date: 2015-03-19
Under Contract Date: 2015-03-19
Close of Escrow Date: 2015-05-18
Sold Price: $3,250,000
Property Features
Project Type: 25 - 50 Units
Construction: Slump Block
Const - Finish: Painted; Siding
Roofing: Built-Up
Floors: Vinyl; Wood
Sale Includes: Land & Building
Community Features: Pool
Exterior Amenities: Fenced; Patio/Balcony; Security Light(s)
Appliances Included: Dishwasher; Microwave; Refrigerator; Free-Standing Range; Washer/Dryer
Heating: Individual; Window/Wall Unit(s)
Cooling: Window/Wall Unit; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: Individual Meter
Gas: None
Parking Features: Paved
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Other (See Remarks)
Environmental: None
Listing Office: CBRE, Inc
Last Updated: November - 07 - 2017
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