NOT LISTED FOR SALE
2 Beds
1 Bath
646 Sq Ft
0.55 Acres Lot

Sale Details

Date Sold: December 20, 2012

Last sale price $294,000 $455 Per Sq Ft

65 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of December 2012

Silver Palms is a 16 unit, two-story block building. This is a great
opportunity for an investor to purchase a stable, small apartment
building in a high rental-demand area with very good upside
potential.
About half of the units need work to be rent ready. There is a newer roof
and newer wall mount a/c units. The hard part has
been completed, interiors need drywall and appliances and some
flooring to be rent ready. The other half of the units have been
rehabbed and are currently rented.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 09/17/2012

Coldwell Banker Commercial Realty

Co-Listed By

Jon Dzwonkoski

Red Brick Realty, LLC License #BR643387000

Last Buyer's Agent

Bo Poling

AZ Seville Realty, LLC License #BR634628000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,992

Year Built

  • Built in 1957

Lot Details

  • 0.55

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 16 Parking Spaces
  • 16 Covered Spaces

Schools

  • Esperanza Elementary School - 85009

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot 20
  • Assessor Parcel Number 109-65-052

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • Building Dimensions are 14375

Building Details

  • Operating Expense $1,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,992

Year Built

Built in 1957

Lot Details

0.55 Acres

Listing Details

  • Cross Street: McDowell & 32nd Ave.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2012
  • Road Surface Type: Asphalt, Concrete
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • 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
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Esperanza Elementary School - 85009
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: 14375
  • Additional Parcels: No
  • Parcel #: 109-65-052

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 16
  • Annual Operating Expense: 1995.0

Tax Info

  • Tax Annual Amount: 1992.0
  • Tax Book Number: 109.00
  • Tax Lot: 20
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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
12/20/2012 12/20/12 Sold $294,000 -26.5% $455 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $399,997 -- $619 / 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 $6,767 $41,655 -- --
2024 $6,655 $39,671 -- --
2023 $6,655 $119,930 $23,980 $95,950
2022 $6,347 $105,750 $21,150 $84,600
2021 $6,326 $95,170 $19,030 $76,140
2020 $6,210 $58,720 $11,740 $46,980
2019 $6,101 $52,010 $10,400 $41,610
2018 $6,113 $48,630 $9,720 $38,910
2017 $6,077 $35,010 $7,000 $28,010
2016 $5,885 $35,330 $7,060 $28,270
2015 $3,718 $22,930 $4,580 $18,350
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4820858

Arizona Regional Multiple Listing Service (ARMLS)
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