NOT LISTED FOR SALE

1018 E Mckinley St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $478,000 - $575,551

-- Bed
3 Baths
1,514 Sq Ft
$343/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $410,000 $271 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,948/month

2 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2021

Great opportunity to buy 3-plex in central Phoenix. All units are currently rented with tenants in place.

Last Listed By

Brooke Castaneda

HomeSmart License #SA554964000 Listed on: 04/01/2021

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $787

Year Built

  • Built in 1916

Lot Details

  • 7,013

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • On-Street Parking

Schools

  • Garfield Elementary School
  • Edison Elementary Middle School
  • North High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity, water
  • Tax Lot 93102
  • Assessor Parcel Number 116-27-030-B

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are 0.16
  • Highland Addition Lots 93 102 Subdivision

Building Details

  • Operating Expense $4,399
  • Gross Income $30,600
  • Net Operating Income $26,201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$787

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Cross Street: Roosevelt & 10th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1916
  • Tax Year: 2020
  • Directions: 10th Street and Roosevelt south to McKinley, east to property on north side.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril19
  • Co List Office Phone: 602-761-4650
  • Subdivision Name: Highland Addition Lots 93-102
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3195.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Edison Elementary School

Lot Info

  • Lot Size: 0.16
  • Additional Parcels: No
  • Parcel #: 116-27-030-B

Multi Family

  • Owner Pays: None
  • Tenant Pays: Gas, Electricity, Water
  • Number Of Units Total: 3
  • Annual Gross Income: 30600.0
  • Insurance Expense: 417.0
  • Property Net Operating Income: 26201.0
  • Annual Operating Expense: 4399.0

Tax Info

  • Tax Annual Amount: 787.0
  • Tax Book Number: 116.00
  • Tax Lot: 93102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Apr 15, 2021
Sold by
Cas Az Neda Llc
Bought by
Galpez Holdings Llc
Seller's Agent
Brooke Castaneda
HomeSmart
Buyer's Agent
Rachel Lopez
My Home Group Real Estate
List Price
$428,500
Sold Price
$410,000
Premium/Discount to List
-$18,500
-4.32%
Total Days on Market
2
Current Estimated Value
$519,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,388
Avg. Annual Appreciation
6.03%
Original Mortgage
$299,950
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2011
Sold by
Us Bank National Association
Bought by
Cas Az Neda Llc

Purchase Details

Closed on
Apr 25, 2011
Sold by
Patino Micaela and Resmae Mortgage Corporation
Bought by
U S Bank National Association

Purchase Details

Closed on
Nov 22, 2002
Sold by
Equitable Holdings Llc
Bought by
Patino Micaela

Purchase Details

Closed on
Sep 27, 2001
Sold by
Bolte Mark
Bought by
Equitable Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,825
Interest Rate
6.91%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Galpez Holdings Llc $410,000 Driggs Title Agency Inc
Cas Az Neda Llc $26,249 None Available
U S Bank National Association $60,000 None Available
Patino Micaela -- Security Title Agency
Equitable Holdings Llc -- --
Bolte Mark -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galpez Holdings Llc $460,000
Closed Galpez Holdings Llc $299,950
Previous Owner Cas Az Neda Llc $312,000
Previous Owner Patino Micaela $117,000
Previous Owner Equitable Holdings Llc $45,825
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2021 04/21/21 Sold $410,000 -4.3% $271 / Sq Ft
04/19/2021 04/19/21 Price Changed $428,500 0.0% $283 / Sq Ft
04/03/2021 04/03/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $428,500 -- $283 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $820 $6,133 -- --
2024 $812 $5,841 -- --
2023 $812 $31,530 $6,300 $25,230
2022 $783 $21,110 $4,220 $16,890
2021 $778 $17,520 $3,500 $14,020
2020 $787 $14,650 $2,930 $11,720
2019 $785 $11,830 $2,360 $9,470
2018 $772 $9,700 $1,940 $7,760
2017 $754 $9,210 $1,840 $7,370
2016 $732 $6,700 $1,340 $5,360
2015 $678 $5,630 $1,120 $4,510
Source: Public Records

Agents Affiliated with this Home

  • Brooke Castaneda

    Seller's Agent in 2021

    Brooke Castaneda

    HomeSmart

    (480) 206-3658

    3 in this area

    92 Total Sales

    Brooke Castaneda
    Section Image
  • Monica Crowell

    Seller Co-Listing Agent in 2021

    Monica Crowell

    HomeSmart

    (480) 677-0992

    3 in this area

    87 Total Sales

    Monica Crowell
    Section Image

  • R

    Buyer's Agent in 2021

    Rachel Lopez

    My Home Group

    (623) 451-9535

    Section Image
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Map

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6215552

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-27-030B

Arizona Maricopa County Phoenix 85006 Garfield

1018 E Mckinley St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1018 E Mckinley St, Phoenix, AZ 85006 since 01 April 2021 and is currently estimated at $519,388, approximately $343 per square foot. This property was built in 1916. 1018 E Mckinley St is a home located in Maricopa County with nearby schools including Garfield School, North High School, and Phoenix Coding Academy.

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