2635 E CLARENDON Avenue, Phoenix, AZ 85016
$1,979,900
Property Type:
Multiple Dwellings
Status:
CCBS (Contract Contingent on Buyer Sale)
Current Price:
$1,979,900
Last Modified:
3/19/2024
Description
The Clare Collective might be the income producing ''Home Run'' your investor has been looking for!!This is the most unique multi-family property if not in all of Phoenix- definitely in the Biltmore area. 4 individual buildings on 2 adjoining lots, (current zoning allows for more units). All 4 units have been stripped down to the bare walls and rebuilt, lofted ceiling where possible, spray foam insulation, new roofs, new electric, new plumbing, new AC, new flooring, new kitchens & baths....NEW Everything. Heated play pool, brand new Pickleball court with Basketball hoop, Beautiful turf space to relax and play outdoor games, Brand new pergola by the pool perfect for large gatherings. During peak season The Clare Collective could garner up to $2000/Day!!!
More Information MLS# 6612470
Contract Info
Current Price: $1,979,900
List Price: $1,979,900
Status: CCBS (Contract Contingent on Buyer Sale)
List Date: 2023-10-02
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2635
Compass: E
Street Name: CLARENDON
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6713
Country: USA
County Code: Maricopa
Legal Description (Abbrev): W 60' OF N 180' OF E2 N2 NW4 SE4 NW4 EX N 30' RD .20 AC
Assessor's Map #: 6
Assessor's Parcel #: 49
Add'l Parcels: Yes
Assessor Number: 119-06-049
Legal: W 60' OF N 180' OF E2 N2 NW4 SE4 NW4 EX N 30' RD .20 AC
Census Tract: 110801
Tax Municipality: Phoenix
Taxes: 881
Tax Year: 2022
Marketing Name: The Clare Collective
General Property Description
Lot Size Dimensions: 120'X152'
Year Built: 1950
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 4
Zoning: R-3
Elementary School: Biltmore Preparatory Academy
Jr. High School: Biltmore Preparatory Academy
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: 24th Street & Indian School
Directions: Head East on Indian school to 28th street, turn right to go south on 28th st, turn right to head back west on Clarendon, property will be on your left.
Geo Lat: 33.491014
Geo Lon: -112.024716
Status Change Info
Status Change Date: 2024-03-18
UCB or CCBS: CCBS (Contract Contingent on Buyer Sale)
Legal Info
Township: 2N
Range: 3E
Section: 26
Lot Number: 060
Income & Expenses
Owner Association: No
Operating Exp: 881
Gross Annual Sch Inc: 180000
Vacancy Allowance: 0.1
Adjusted Gross Inc: 162000
Net Operating Income: 150000
Pmt & Rate Info
Cap Rate: 7.14
Equity: 2100000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 2500
Avg SqFt: 600
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 5000
Avg SqFt: 1200
# Baths: 2
Property Features
Project Type: Other (See Remarks)
Construction: Block; Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle; Foam
Floors: Vinyl
Sale Includes: Other (See Remarks)
Community Amenities: Pool; Heated Pool(s); Play Area; Sport Court; Barbecue; See Remarks
Interior Amenities: Furnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: SW Gas; Master Meter
Parking: Street Parking
Roads/Streets: Asphalt
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Conventional
New Financing: Conventional; Lease Option; Lease Purchase
Reports/Disclosures: None
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: March - 19 - 2024
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