NOT LISTED FOR SALE

10644 N 15th Way Phoenix, AZ 85020

North Mountain Village Neighborhood
20 Beds
12 Baths
1,365 Sq Ft
1984 Built

Last Sold March 19, 2021

Last sale price $1,467,500 $1,075 Per Sq Ft

5 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Individual Controls for Heating

About This Home

As of March 2021

12 unit, two story apartment building located in north phoenix. Well maintained building and grounds. 8-2 BR/1 BA and 4-1 BR/1 BA Units. Two laundry rooms with vendor owned equipment. Close to walking paths and hiking. Convenient to schools, shopping and 100% occupied. Priced to sell at 5.9% CAP. Solid investment opportunity. Recent detailed appraisal.

Last Agent to Sell the Property

Jon Hammond

Keller Williams Realty Sonoran Living License #SA555889000 Listed on: 02/23/2021

Keller Williams Realty Sonoran Living

Last Buyer's Agent

Soyun Wong

Better Homes & Gardens Real Estate SJ Fowler License #SA658905000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,513

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces

Schools

  • Sunnyslope Elementary School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1, 2
  • Assessor Parcel Number 159-22-053

Community Details

Overview

  • 12 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $45,424
  • Gross Income $122,190
  • Net Operating Income $81,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,513

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Peoria and Cave Creek Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6124.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 5309.0
  • Annual Water Sewer Expense: 5446.0

Schools

  • Elementary School: Sunnyslope Elementary School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Sunnyslope Elementary School

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 159-22-053

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 1196.0
  • Annual Gross Income: 122189.95
  • Insurance Expense: 2160.0
  • Maintenance Expense: 10376.0
  • Property Net Operating Income: 81100.0
  • Annual Operating Expense: 45424.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2513.0
  • Tax Book Number: 159.00
  • Tax Lot: 1, 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2021 03/19/21 Sold $1,467,500 +6.7% $1,075 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/21/2021 02/21/21 For Sale $1,375,000 -- $1,007 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Hammond

    Seller's Agent in 2021

    Jon Hammond

    Keller Williams Realty Sonoran Living

    (480) 444-7200

    1 in this area

    22 Total Sales

    Jon Hammond
    Section Image
  • Soyun Wong

    Buyer's Agent in 2021

    Soyun Wong

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 334-7775

    2 in this area

    12 Total Sales

    Soyun Wong
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6198176

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Mountain Village

10644 N 15th Way, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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