1011 E Palm Ln Phoenix, AZ 85006
Coronado Neighborhood
--
Bed
--
Bath
1,250
Sq Ft
0.41
Acres
Highlights
- Wood Flooring
- Emerson Elementary School Rated 9+
- Central Heating and Cooling System
About This Home
As of May 2016Unique Central Phoenix complex of 4 freshly painted cottages plus a tri-plex in the downtown Coronado Historic District. Beautifully landscaped courtyard with citrus trees, palm trees and flowering plants. Cottages have front porches, wood floors and 2 have private covered patios. Meticulously maintained by longtime owners. All buildings were repainted this year as well as the foam roofs recoated. Consistently 100% Occupied and rents are increasing dramatically in this historic downtown neighborhood. Could also be an ideal place for Airbnb and VRBO vacation rentals with the private cottages.(Tri-plex of additonal cottages can also be available to purchase).
Last Agent to Sell the Property
HomeSmart License #SA636150000 Listed on: 04/14/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,904
Year Built
- Built in 1960
Lot Details
- Property fronts an alley
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
- Foam Roof
- Stucco
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 4 Open Parking Spaces
- 9 Parking Spaces
- 5 Covered Spaces
- Common or Shared Parking
- On-Street Parking
- Assigned Parking
Schools
- Emerson Elementary School
- North High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 5
- Assessor Parcel Number 117-25-108-A
Community Details
Overview
- 5 Buildings
- 7 Units
- Building Dimensions are 18,209
- Homewood Tract Subdivision
Building Details
- Operating Expense $14,843
- Gross Income $78,863
- Net Operating Income $62,684
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2018 02/26/18 | Rented | $1,100 | 0.0% | -- |
| 02/07/2018 02/07/18 | Price Changed | $1,100 | +37.5% | $1 / Sq Ft |
| 01/26/2018 01/26/18 | Rented | $800 | -28.9% | -- |
| 01/23/2018 01/23/18 | Price Changed | $1,125 | -2.2% | $1 / Sq Ft |
| 01/03/2018 01/03/18 | Price Changed | $1,150 | +43.8% | $1 / Sq Ft |
| 01/03/2018 01/03/18 | Price Changed | $800 | -1.2% | $1 / Sq Ft |
| 12/18/2017 12/18/17 | Price Changed | $810 | -0.6% | $1 / Sq Ft |
| 11/22/2017 11/22/17 | For Rent | $815 | -32.1% | -- |
| 10/16/2017 10/16/17 | For Rent | $1,200 | +33.3% | -- |
| 08/09/2017 08/09/17 | Rented | $900 | +2.9% | -- |
| 07/28/2017 07/28/17 | Under Contract | -- | -- | -- |
| 07/20/2017 07/20/17 | Price Changed | $875 | -2.8% | $1 / Sq Ft |
| 07/13/2017 07/13/17 | For Rent | $900 | -10.0% | -- |
| 01/12/2017 01/12/17 | Rented | $1,000 | 0.0% | -- |
| 01/12/2017 01/12/17 | Under Contract | -- | -- | -- |
| 01/04/2017 01/04/17 | Price Changed | $1,000 | -4.8% | $1 / Sq Ft |
| 12/22/2016 12/22/16 | Price Changed | $1,050 | -4.5% | $1 / Sq Ft |
| 12/19/2016 12/19/16 | Price Changed | $1,100 | +35.0% | $1 / Sq Ft |
| 12/14/2016 12/14/16 | Rented | $815 | 0.0% | -- |
| 11/29/2016 11/29/16 | Under Contract | -- | -- | -- |
| 11/02/2016 11/02/16 | Price Changed | $815 | -1.2% | $1 / Sq Ft |
| 10/28/2016 10/28/16 | Price Changed | $825 | -26.7% | $1 / Sq Ft |
| 10/28/2016 10/28/16 | Price Changed | $1,125 | -2.2% | $1 / Sq Ft |
| 10/13/2016 10/13/16 | Price Changed | $1,150 | -4.2% | $1 / Sq Ft |
| 09/30/2016 09/30/16 | Price Changed | $1,200 | +41.2% | $2 / Sq Ft |
| 09/30/2016 09/30/16 | Price Changed | $850 | -2.9% | $1 / Sq Ft |
| 09/22/2016 09/22/16 | Price Changed | $875 | -30.0% | $1 / Sq Ft |
| 09/22/2016 09/22/16 | Price Changed | $1,250 | -3.8% | $2 / Sq Ft |
| 09/02/2016 09/02/16 | For Rent | $1,300 | +46.1% | -- |
| 08/22/2016 08/22/16 | Price Changed | $890 | -1.1% | $1 / Sq Ft |
| 07/15/2016 07/15/16 | Price Changed | $900 | -5.3% | $1 / Sq Ft |
| 07/11/2016 07/11/16 | For Rent | $950 | 0.0% | -- |
| 05/31/2016 05/31/16 | Sold | $863,938 | -9.1% | $691 / Sq Ft |
| 05/22/2016 05/22/16 | Pending | -- | -- | -- |
| 04/14/2016 04/14/16 | For Sale | $950,000 | -- | $760 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2018
Luke Bevans
Bevco Properties, LLC
(602) 471-9868
75 Total Sales
-
N
Buyer's Agent in 2018
Non-MLS Agent
Non-MLS Office
-
C
Seller's Agent in 2016
Clyde Granderson
HomeSmart
(602) 369-0422
1 in this area
3 Total Sales
-
R
Buyer's Agent in 2016
Ryan House
Ryan E House
(602) 955-6888
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5428341
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.
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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