Address
1630 E GEORGIA Avenue, Phoenix, AZ
Price
$ 3,550,000
Property Attributes
  • MLS#6560076
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodPALMAIRE CONDOMINIUM
  • Zip85016
  • StyleMultiple Dwellings
  • Year Built1964
  • Taxes$ 15632
  • Price$ 3,550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Palmaire is a Mid-Century Modern complex along the Camelback Corridor with spectacular landscaping. This 1960's complex has a total of 18 units spread out to perfection, a gorgeous community pool/ramada, large green areas, and covered parking. The package of 10 condos for sale have been remodeled. The open floor plans allow for great space to entertain or relax. There are three extremely large (Approx 905 SQ FT) 1 bed, 1 bath units, five 2 bed, 2 bath units and two 3 bed, 2 bath units. 2 units are currently furnished. All units feature stainless steel appliances with quartz/granite countertops, shaker-style cabinets, and beautiful flooring ranging from stained concrete to bamboo. Beautiful city park across the street at the end of the cul-de-sac (Walking distance). Easy access to the 51

Elementary School Middle School High School
Madison Elementary School Madison #1 Middle School North High School
Price History
5/23/2023 Listed $3,550,000

General Features

Additional Parcels Y/N Yes
Attached Garage No
Cap Rate 4.54
Carport Y/N No
City Phoenix
Community Features See Remarks, Play Area, Pool
Construction Materials Block
Cooling See Remarks
County Maricopa
Days on Market 122
Directions Head north on N 16Th St, Head east on E Georgia Ave complex on left of street
Disclosures Other (See Remarks)
Electric APS, Individual Meter
Elementary School Madison Elementary School
Elementary School District Madison Elementary District
Garage Y/N No
Gross Income 240133.2
Heating See Remarks
High School North High School
High School District Phoenix Union High School District
Insurance Expense 4770.0
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Maintenanceexpense 2400.0
Middle/Junior High School Madison #1 Middle School
Mobilehomeremainsyn No
Net Operating Income 161291.5
Occupancy Description Tenant
Open Parking Spaces 6.0
Operating Expense 80162.0
Ownerpays None
Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Composition
Sewer Public Sewer
Standard Status Active
Status Active
Street Name GEORGIA
Subdivision Name PALMAIRE CONDOMINIUM
Tax Annual Amount 15632.0
Tax Year 2022
Tenant Pays Electricity
Total Units 10
Township 2N
View Y/N No
Year Built 1964
Zoning [M-H]

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Heating Y/N No
Street Suffix Avenue

Exterior Features

Buyer Agent Compensation 2.50
Buyer Agent Compensation Type %
Covered Spaces 18.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions N/A
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 1
Open Parking Y/N No
Parking Features Paved Parking, Assigned, Add'l Parking Avail, 1 Space/Unit, Street Parking, Common
Road Surface Type Asphalt
Spa No
Total Parking 24.0
Water Source See Remarks, City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85016

Price
AVG $3.38M
$3.55M
Taxes
AVG $11,163
$15,632
Visits
AVG 248
299
Year Built
AVG 1961
1964
Walkscore
AVG 65
55
Data Provided by Walkscore ® not using MLS data

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Your Agent

Julie Allen

Julie Allen

732-239-1028

Listed By
R & I Realty;

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