NOT LISTED FOR SALE

1102 W Cheryl Dr Phoenix, AZ 85021

North Mountain Village Neighborhood
12 Beds
12 Baths
900 Sq Ft
1985 Built

Last Sold April 06, 2021

Last sale price $865,000 $961 Per Sq Ft

3 Days on Market

Highlights

  • Multiple cooling system units
  • Concrete Flooring
  • Multiple Heating Units
  • Sunnyslope High School Rated A

About This Home

As of April 2021

Highly sought after and rare income generating multi-family complex opportunity! The Garden Aire Apartments are located just minutes from the Grand Canal, North Mountain & Shaw Butte Trailheads, which provide miles of hiking and biking trails. Offering sprawling mountain views, easy freeway access and plenty of retail shops this prime centralized location is a perfect spot for high income generating apartment units. This building is currently 100% tenant occupied. Current owner has owner has owned and operated this building for 24 years and has taken impeccable care of the building and units. See docs tab for all improvements and recent upgrades. If you're looking for high yielding long-term investment, look no further!

Last Agent to Sell the Property

Holly Ellis

West USA Realty License #SA625764000 Listed on: 03/03/2021

West USA Realty

Last Buyer's Agent

Kevin McGowin

Go Win Property Management License #BR687250000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Free Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Mountain View Elementary School
  • Sunnyslope High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 158-27-115

Community Details

Overview

  • 6 Units
  • Building Dimensions are N/A
  • Garden Aire Subdivision

Building Details

  • Operating Expense $12,794
  • Gross Income $77,520
  • Net Operating Income $44,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,686

Year Built

Built in 1985

Listing Details

  • Cross Street: 11th ave & Peoria
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Mobile Home Prk Info Total Number Spaces: 7
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 3600.0
  • Subdivision Name: Garden Aire
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, Assigned, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking Features Free2: Yes
  • Parking Features:Assigned: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Individual, 2 or More Units
  • Heating: Individual, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 5280.0

Schools

  • Elementary School: Mountain View Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Mountain View Elementary School

Lot Info

  • Lot Size: N/A
  • Additional Parcels: No
  • Parcel #: 158-27-115

Multi Family

  • Owner Pays: Water, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 77520.0
  • Insurance Expense: 2228.0
  • Property Net Operating Income: 44372.4
  • Annual Operating Expense: 12794.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1686.0
  • Tax Book Number: 158.00
  • Tax Lot: 5
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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
04/06/2021 04/06/21 Sold $865,000 -3.9% $961 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $900,000 -- $1,000 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,867 $14,692 -- --
2024 $1,764 $13,992 -- --
2023 $1,764 $80,180 $16,030 $64,150
2022 $1,707 $56,000 $11,200 $44,800
2021 $1,729 $45,910 $9,180 $36,730
2020 $1,686 $40,700 $8,140 $32,560
2019 $1,655 $33,420 $6,680 $26,740
2018 $1,611 $28,180 $5,630 $22,550
2017 $1,603 $23,550 $4,710 $18,840
2016 $1,574 $22,370 $4,470 $17,900
2015 $1,458 $18,270 $3,650 $14,620
Source: Public Records

Agents Affiliated with this Home

  • Holly Ellis

    Seller's Agent in 2021

    Holly Ellis

    West USA Realty

    (623) 363-6370

    4 in this area

    82 Total Sales

    Holly Ellis
    Section Image

  • K

    Buyer's Agent in 2021

    Kevin McGowin

    Go Win Property Management

    (480) 496-9001

    5 in this area

    41 Total Sales

    Kevin McGowin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6201847

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85021 North Mountain Village

1102 W Cheryl Dr, 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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