NOT LISTED FOR SALE

1003 S 1st Ave Phoenix, AZ 85003

Central City Neighborhood
6 Beds
6 Baths
565 Sq Ft
1956 Built

Last Sold April 20, 2015

Last sale price $165,000 $292 Per Sq Ft

86 Days on Market

Highlights

  • Wood Flooring
  • Sport Court
  • Floor Furnace
  • Phoenix Coding Academy Rated A
  • Evaporated cooling system
  • 3-minute walk to Central Park

About This Home

As of April 2015

The address of this 6 plex is also known as 21 West Tonto (SE corner of 1st Ave & Tonto). This property is now on the market after many years owned by the same owner. It has been a very good positive income property for owner, but owner is now ready to move-on. CAP Rate is .09. All 6 units have one bedroom, one bath. Serious buyers only. Also for sale by same owner is 1009 S. 1st Ave - 3 bedroom 1 bath single family home, with duplex behind house for $95,000 (MLS#5206962). Each unit of the duplex has 1 bedroom and 1 bath.

Last Agent to Sell the Property

Mark Martin

Mark Martin Real Estate License #BR026152000 Listed on: 12/01/2014

Last Buyer's Agent

Michael Nicolai

Avenue Home Realty License #SA578202000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,196

Year Built

  • Built in 1956

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Wood
  • Concrete

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Lowell Elementary School - Phoenix
  • Phoenix Prep Academy Middle School
  • South Mountain High School

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 112-24-102

Community Details

Overview

  • 6 Units
  • Building Dimensions are 6764 sf
  • Montgomery Subdivision

Recreation

  • Sport Court

Building Details

  • Operating Expense $16,906
  • Gross Income $32,834
  • Net Operating Income $15,928

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,196

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Central & Buckeye
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2014
  • Directions: West to 1st Ave., then North to property.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: Montgomery
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Sport Court

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Community Amenities:Sport Court: Yes

Fee Information

  • Annual Fuel Expense: 1246.0
  • Annual Water Sewer Expense: 5284.0

Schools

  • Elementary School: Lowell Elementary School - Phoenix
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 6764 sf
  • Additional Parcels: No
  • Parcel #: 112-24-102

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 6
  • Electric Expense: 516.0
  • Annual Gross Income: 32833.53
  • Insurance Expense: 3948.0
  • Maintenance Expense: 3236.0
  • Property Net Operating Income: 15928.0
  • Annual Operating Expense: 16906.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1196.0
  • Tax Book Number: 112.00
  • Tax Lot: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2015 04/20/15 Sold $165,000 -26.7% $292 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
12/01/2014 12/01/14 For Sale $225,000 -- $398 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark Martin

    Mark Martin Real Estate

    (602) 277-4220

    10 Total Sales

    Mark Martin
    Section Image
  • Michael Nicolai

    Buyer's Agent in 2015

    Michael Nicolai

    Avenue Home Realty

    (623) 698-5264

    9 Total Sales

    Michael Nicolai
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5206054

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85003 Central City

1003 S 1st Ave, Phoenix, AZ

This home is located at 1003 S 1st Ave, Phoenix, AZ 85003 since 01 December 2014. This property was built in 1956. 1003 S 1st Ave is a home located in Maricopa County with nearby schools including Lowell School, Phoenix Coding Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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