$3,260,000
$3,500,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/22/2022
Key Details
Sold Price $3,260,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Churchill Addition
MLS Listing ID 6401952
Sold Date 12/22/22
Maintenance Fees $7,300
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $7,094
Tax Year 2021
Lot Dimensions 7000 SQ FT
Property Description
Located in the Roosevelt district in Downtown Phoenix, walking distance to restaurants, shopping, convention center, biomedical complex, U of A and ASU. Combine on Third is a 12 unit mixed use complex with 10 studio apartments, 1 one bedroom unit, and 1 commercial space, currently leased by Lacuna Kava Bar. All units have updated kitchens, bathrooms, built-in closet organizers, WiFi
Routers, and storage partitions between living and bedroom spaces. There is a 1,000 sqft luxury 1 bedroom 2 bath unit above Lacuna Kava, which was remodeled in 2019, highlighted by a viking range. Washer, dryer and 2 full bathrooms. Two furnished studios have consistently functioned as successful AIRBNB and long term furnished rentals.
Location
State AZ
County Maricopa
Community Churchill Addition
Zoning C-DT
Direction Head west on E Roosevelt St, Head south on 3rd St property on the left corner of 3rd & Garfield
Interior
Heating Electric
Cooling Wall/Window Unit(s), Ceiling Fan(s)
Flooring Ceramic Tile, Vinyl, Concrete
Appliance Other (See Remarks), F/S Oven/Range
Exterior
Parking Features Assigned, 1 Space/Unit
Community Features No Pool
Roof Type Composition,Built-Up
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise, Individual Meter
New Construction No
Schools
Elementary Schools Emerson Elementary School
Middle Schools Phoenix Prep Academy
High Schools Phoenix Union Bioscience High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-44-022
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Other
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