$720,000
SOLD APR 8, 2016
-- Bed
-- Bath
2,600 Sq Ft
1955 Built

Recently Sold

$277 Per Sq Ft

1% Below List Price

23 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of April 2016

GREAT LOCATION ,PRIDE OF OWNERSIHIP! EIGHT 2BEDROOM 1 BATH UNITS AND FOUR 1BEDROOM 1BATH UNITS IN 3 BUILDINGS ON ONE LOT, ADDRESSES ARE 1336 , 1342 AND 1346 E. WILLETTA STREET. NEAR GOOD SAM HOSPITAL . NEW BUILDINGS BEING BUILT EVERYWHERE. NEW UPSCALE 4PLEX ALMOST FINISHED ACROSS THE STREET, A NEW LARGE COMPLEX ON 14TH ST. SOLID BLOCK CONSTRUCTION, COVERED PARKING, COIN OPP. LAUNDRY BRINGS IN $400 PER MONTH. ALL UNITS ARE SEPARATELY METERED, HOWEVER; 7 OF THE 12 UNITS THEIR RENT INCLUDES ELECTRIC AND GAS. ALSO, PROPERTY IS SELF MANAGED . INTERIOR INSPECTION ONLY WITH ACCEPTED CONTRACT AND ESCROW HAS BEEN OPENED. BUYER TO VERIFY ALL FACTS AND FIGURES DURING INSPECTION PERIOD. ONLY CASH OR HARD MONEY LOAN

Last Agent to Sell the Property

Robert Passariello

Realty Executives License #SA538257000 Listed on: 02/13/2016

Realty Executives

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1955

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 12 Parking Spaces
  • 12 Covered Spaces
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Wall Furnace
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 116-22-062-A

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 22500 SF

Building Details

  • Operating Expense $29,833
  • Gross Income $88,788
  • Net Operating Income $57,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,343

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cross Street: 16TH STREET & MCDOWELL RD
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 3
  • Year Built: 1955
  • Tax Year: 2015
  • Directions: WEST ON MCDOWELL TO 14TH ST. THEN SOUTH TO WILLETTA ST THE PROPERTY ON THE CORNER. ADDRESS ARE 1336,1342 AND 1346.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Evaporative Cooling
  • Heating: Individual, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Fuel Expense: 2766.0
  • Annual Water Sewer Expense: 11280.0

Lot Info

  • Lot Size: 22500 SF
  • Additional Parcels: No
  • Parcel #: 116-22-062-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 12
  • Electric Expense: 6360.0
  • Annual Gross Income: 88788.0
  • Insurance Expense: 3734.0
  • Maintenance Expense: 2350.0
  • Property Net Operating Income: 57624.0
  • Annual Operating Expense: 29833.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 3343.0
  • Tax Book Number: 116.00
  • Tax Lot: 15

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Range of Values:

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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
03/25/2025 03/25/25 For Sale $3,120,000 +333.3% --
04/08/2016 04/08/16 Sold $720,000 -1.2% $277 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $729,000 -- $280 / 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: 5398247

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-22-062A