$371,000
SOLD MAR 13, 2013
-- Bed
-- Bath
1,792 Sq Ft
1984 Built

Recently Sold

$207 Per Sq Ft

1% Above List Price

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Shadow Mountain High School Rated A-

About This Home

As of March 2021

Eight spacious townhome units with historically low vacancy. This pride of ownership property enjoys a great north-central Phoenix location with proximity to freeways, employers and retail. Popular with tenants, the townhome style provides kitchen, dining, a half-bath and living areas downstairs, with bedrooms and full-bath privacy up. Units offer tiled flooring and washer-dryer hook-ups. The property is individually metered for electricity.. Property amenities include covered parking and covered unit entries.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,497

Year Built

  • Built in 1984

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 12 Parking Spaces
  • 10 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 16
  • Assessor Parcel Number 166-11-053-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are irr

Building Details

  • Gross Income $57,408
  • Net Operating Income $30,805

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,497

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Cave Creek and Sweetwater
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3, MM
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2012
  • Directions: Cave Creek north just past Sweetwater, 1st left is 21st Place. Property on left.
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 7800.0
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, 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: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 2880.0
  • Annual Water Sewer Expense: 3780.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 166-11-053-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 200.0
  • Annual Gross Income: 57408.0
  • Insurance Expense: 1600.0
  • Maintenance Expense: 5050.0
  • Property Net Operating Income: 30805.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 1497.0
  • Tax Book Number: 166.00
  • Tax Lot: 16

Map

Range of Values:

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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
03/31/2021 03/31/21 Sold $1,300,000 +8.3% $725 / Sq Ft
03/24/2021 03/24/21 For Sale $1,200,000 0.0% $670 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/05/2021 01/05/21 Pending -- -- --
12/11/2020 12/11/20 For Sale $1,200,000 +223.5% $670 / Sq Ft
03/13/2013 03/13/13 Sold $371,000 +0.5% $207 / Sq Ft
02/22/2013 02/22/13 Pending -- -- --
02/19/2013 02/19/13 For Sale $369,000 -- $206 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4892431

Arizona Regional Multiple Listing Service (ARMLS)