NOT LISTED FOR SALE

1225 E Thomas Rd Phoenix, AZ 85014

Coronado Neighborhood
36 Beds
-- Bath
2,333 Sq Ft
1959 Built

Last Sold September 05, 2019

Last sale price $3,500,000 $1,500 Per Sq Ft

29 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of September 2019

28 on Thomas is a 27 unit community built in 1959, and then extensively upgraded in 2015. The ''heavy lifting' of major capital improvements includes new roofs, new AC, new hot water heaters, plumbing and electrical. Ongoing interior upgrades include new kitchens - some with granite countertops, tile floors, and new appliances. The property has a new asphalt parking lot off Thomas Road as well as covered tenant parking at the rear of the buildings. The community features a diverse unit mix between two buildings, each comprised of spacious floor plans and solid block construction around a central grassy courtyard and on site laundry. The property is ideally located within minutes to a light rail station. There is also easy access to the Piestewa Freeway, Interstate 10 and Interstate 17. 28 on Thomas presents a solid opportunity for an investor looking to focus on operations and with minor capital expenditure build on the positive momentum from existing upgrades to better leverage its location and improve returns.

Last Agent to Sell the Property

Victoria Miachika

REI Marketing License #BR639322000 Listed on: 05/21/2019

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,423

Year Built

  • Built in 1959

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 27 Parking Spaces
  • 27 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 117-21-006-A

Community Details

Overview

  • 2 Buildings
  • 27 Units
  • Building Dimensions are .70
  • South Country Club Manor Subdivision

Building Details

  • Operating Expense $7,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,423

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 2
  • Year Built: 1959
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: SOUTH COUNTRY CLUB MANOR
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 27.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 27.0
  • General Property Description:Covered Parking Spcs: 27.0
  • General Property Description:Total Parking Spcs: 27.0
  • Parking:Carport: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: .70
  • Additional Parcels: Yes
  • Parcel #: 117-21-006-A

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 27
  • Annual Operating Expense: 7423.0

Tax Info

  • Tax Annual Amount: 7423.0
  • Tax Book Number: 117.00
  • Tax Lot: 6

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
09/05/2019 09/05/19 Sold $3,500,000 -2.1% $1,500 / Sq Ft
09/05/2019 09/05/19 Price Changed $3,575,000 0.0% $1,532 / Sq Ft
08/19/2019 08/19/19 For Sale $3,575,000 0.0% $1,532 / Sq Ft
08/19/2019 08/19/19 Price Changed $3,575,000 0.0% $1,532 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $3,575,000 -- $1,532 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Victoria Miachika

    Seller's Agent in 2019

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    11 Total Sales

    Victoria Miachika
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5928893

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85006 Coronado

1225 E Thomas Rd, 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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