NOT LISTED FOR SALE
2 Beds
1 Bath
700 Sq Ft
10,019 Sq Ft Lot

Last Sold December 20, 2021

Last sale price $1,375,000 $1,964 Per Sq Ft

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of December 2021

Welcome to Ironwood Place. Multifamily fundamentals continue to be very strong with rental inventory remaining low. Consistent demand and minimal new supply has kept vacancies near all-time lows. This 8 unit complex is comprised of six two bedroom units and two one bedroom units. Three of the units have recently been completely renovated. Two units are currently being demoed with renovations to start soon. All facts and figures are approximate. Buyer to verify MLS information. Drive by only, the tenants are unaware of the sale. Do NOT walk the property.

Last Agent to Sell the Property

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 10/27/2021

Last Buyer's Agent

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 10/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,787

Year Built

  • Built in 1986

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Foam Roof

Flooring

  • Wood Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 84
  • Assessor Parcel Number 158-30-057

Community Details

Overview

  • 8 Units
  • Building Dimensions are Irr
  • Ironwood Place Plat 2 Subdivision

Building Details

  • Operating Expense $28,678
  • Gross Income $92,340
  • Net Operating Income $92,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,787

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 7th Ave / Hatcher Directions: West on Hatcher to 9
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7883.0
  • Subdivision Name: IRONWOOD PLACE PLAT 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • 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

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 158-30-057

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 8
  • Annual Gross Income: 92340.0
  • Insurance Expense: 3012.0
  • Maintenance Expense: 6396.0
  • Property Net Operating Income: 92340.0
  • Annual Operating Expense: 28678.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1787.0
  • Tax Book Number: 158.00
  • Tax Lot: 84

Range of Values:

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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 Change Sq Ft Price
12/20/2021 12/20/21 Sold $1,375,000 0.0% $1,964 / Sq Ft
10/27/2021 10/27/21 For Sale $1,375,000 +54.5% $1,964 / Sq Ft
10/15/2020 10/15/20 Sold $890,000 0.0% $1,271 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/06/2020 08/06/20 Price Changed $890,000 -1.1% $1,271 / Sq Ft
05/08/2020 05/08/20 For Sale $900,000 +140.0% $1,286 / Sq Ft
12/31/2013 12/31/13 Sold $375,000 -5.1% $536 / Sq Ft
12/15/2013 12/15/13 Pending -- -- --
12/08/2013 12/08/13 For Sale $395,000 -- $564 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6312830

Arizona Regional Multiple Listing Service (ARMLS)