1337 E Polk Street, Phoenix, AZ 85006 (MLS# 6327872)
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1337 E Polk Street, Phoenix, AZ 85006
$4,275,000
Property Type:Multiple DwellingsStatus:Closed
Current Price:$4,275,000 Last Modified:7/29/2024
Description
Polk Bungalows, a currently under construction, boutique 10-unit single family built to rent community situated on a one half acre parcel in Downtown Phoenix, Arizona. This one-of-a-kind property featuring tastefully designed, modern architecture by Aaron Bass of Stance Architecture is located in the rapidly gentrifying historic district of Garfield, minutes away from and 1 mile walking distance to both Downtown Phoenix and nationally recognized Roosevelt Row Arts District - contributing to a high rental demand and strong tenant base for this vibrant urban infill location.
Supplements: The property consists of a single freestanding 1,378 square foot historic house originally built in 1900 offering 2 bedrooms and 2 baths, and currently being rebuilt from the inside out with modern amenities and high end finishes, as well as 9 modern and sleek casita bungalows offering 1 bedroom 1.5 bath spacious floor plans with 884 square feet. Polk Bungalows will provide an attractive and coveted urban rental experience with unique architectural features of: expansive floor to ceiling windows and doors, ground concrete floors, modern finishes and fixtures throughout, vegetation walls, and private patio spaces.
Construction is scheduled to be completed by the end of February 2022, with the property manager set to begin pre-leasing in January 2022.
More Information MLS# 6327872
Contract Info
Current Price: $4,275,000Sold Price: $4,275,000Status: ClosedList Date: 2021-12-02Ownership: Fee Simple
Lot Size Dimensions: 200' x 109'Year Built: 2022Uncvrd Parking Spcs: 4Total # of Units: 10# of Buildings: 10Zoning: R-5, HPFlood Zone: NoElementary School District: Phoenix Elementary DistrictHigh School District: Phoenix Union High School DistrictElementary School: Kenilworth Elementary SchoolJr. High School: Whittier Elementary School - PhoenixHigh School: Central High School
Remarks Misc
Cross Street: 16th St & Van Buren St.Directions: Wast on Van Buren, North on 14th St, West on Polk. Property on South side.Geo Lat: 33.452351Geo Lon: -112.05304
Status Change Info
Status Change Date: 2022-04-01Off Market Date: 2022-02-25Under Contract Date: 2022-02-16Close of Escrow Date: 2022-03-31Sold Price: $4,275,000
Project Type: 5 - 12 UnitsConstruction: Block; Frame - WoodConst - Finish: Painted; StuccoRoofing: Comp Shingle; MetalFloors: Concrete; VinylSale Includes: Land & Building; Laundry EquipmentCommunity Amenities: No Pool; OtherExterior Amenities: Landscape Wtr System; Desert Landscaping; Partially Fenced; Patio/BalconyInterior Amenities: Fire/Smoke Alarm(s); Fire SprinklersAppliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/DryerHeating: IndividualCooling: Electric; Heat Pump; IndividualWater: City Franchise; Master MeterSewer: Sewer - Public; Sewer-In & ConnectedElectric: APSGas: NoneParking: Carport; Street Parking; 1 Space/Unit; >1 Space Per Unit; AssignedOwner Pays: Water; Trash Collection; LandscapingTenant Pays: Water; Sewer; Electric; TrashSource of Fincl Data: Projected ProformaLockbox Type: NoneExisting 1st Loan: Treat as Free&ClearNew Financing: Conventional; No Carry; 1031 Exchange; Other (See Remarks)Environmental: None
Listing Office: Urban Luxe Real Estate
Last Updated: July - 29 - 2024
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