NOT LISTED FOR SALE

Estimated Value: $663,172 - $718,000

Studio
-- Baths
1,242 Sq Ft
$560/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2021

Last sale price $610,000 $491 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,029 / mo

26 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of September 2021

4 units that were built in 1985 on a quaint street in the Historic Garfield District. Two separate buildings, 100% 2-Bedroom / 1-Bathroom Units with potential value add through interior renovations! All AC units replaced 2021, desert landscaping, newer windows, etc. Close proximity to numerous Dining & entertainment options in Downtown Phoenix. Situated within an Arizona Opportunity Zone. Less than a 10 minute drive to the Phoenix Sky Harbor Airport.

Last Agent to Sell the Property

Tom Palestina

ABI Multifamily License #SA688331000 Listed on: 07/23/2021

Co-Listed By

Bryce Neagle

ABI Multifamily License #SA692871000

Last Buyer's Agent

Nora Anaya

A.Z. & Associates License #SA628698000

A.Z. & Associates
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,484

Year Built

  • Built in 1985

Lot Details

  • 7,144

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 41
  • Assessor Parcel Number 116-23-063

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 7,125
  • Belvedere Amd Subdivision

Building Details

  • Operating Expense $1,484
  • Gross Income $35,595
  • Net Operating Income $24,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,484

Year Built

Built in 1985

Lot Details

7,144 Sq Ft Lot

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: BELVEDERE AMD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • 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

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,125
  • Additional Parcels: No
  • Parcel #: 116-23-063

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 35594.6
  • Property Net Operating Income: 24475.0
  • Annual Operating Expense: 1484.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1484.0
  • Tax Book Number: 116.00
  • Tax Lot: 41

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Garfield, AZ

See All Agents

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $610,000 -4.7% $491 / Sq Ft
09/17/2021 09/17/21 Price Changed $640,000 0.0% $515 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/13/2021 08/13/21 Price Changed $640,000 -1.5% $515 / Sq Ft
07/22/2021 07/22/21 For Sale $650,000 -- $523 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,644 $11,571
2024 $1,532 $11,020
2023 $1,532 $38,410 $7,680 $30,730
2022 $1,478 $27,930 $5,580 $22,350
2021 $1,467 $23,810 $4,760 $19,050
2020 $1,484 $22,760 $4,550 $18,210
2019 $1,481 $16,170 $3,230 $12,940
2018 $1,456 $15,280 $3,050 $12,230
2017 $1,422 $13,230 $2,640 $10,590
2016 $1,381 $10,830 $2,160 $8,670
2015 $1,278 $10,250 $2,050 $8,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6268520

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-23-063

Your Personal Tour Guide

Ask me questions while you tour the home.