NOT LISTED FOR SALE

13913 N Palm St El Mirage, AZ 85335

29 Beds
15 Baths
-- Sq Ft
1973 Built

Last Sold February 07, 2020

Last sale price $915,000

131 Days on Market

Highlights

  • Evaporated cooling system
  • Window Unit Heating System
  • 5-minute walk to Bill Gentry Park

About This Home

As of February 2020

3-5 plexes on 3 parcels.This offering of 14 (2 Bd/1 Bath) & 1 (1 Bd/1Bath) units is located in the city of El Mirage. The property is fully occupied with the exception of 1 unit which is currently being utilized as an office/storage for the property..The current owner plans to return it to a rented unit in December.
All units fully renovated in past 3-5 years. Easy Desert Landscape makes upkeep a breeze! Plenty of parking for all units!! HUGE UPSIDE! 6.75 cap rate on market/proforma rents. 2 roofs recently replaced.

Located in the West Valley between Surprise and Sun City, just off US 60 and the 101.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/17/2019

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Soyun Wong

Better Homes & Gardens Real Estate SJ Fowler License #SA658905000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $784

Year Built

  • Built in 1973

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 7
  • Assessor Parcel Number 501-27-077

Community Details

Overview

  • 3 Buildings
  • 15 Units
  • Building Dimensions are 25200
  • El Mirage 3 Tr U, S Subdivision

Building Details

  • Operating Expense $36,517
  • Gross Income $94,506
  • Net Operating Income $57,973

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$784

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Thunderbird & North Palm St
  • Legal Info Range: 1W
  • Property Type: Multiple Dwellings
  • Zoning: MU
  • Number Of Buildings: 3
  • Year Built: 1973
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7560.0
  • Subdivision Name: EL MIRAGE 3 TR U, S
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Metal
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 9860.0

Lot Info

  • Lot Size: 25200
  • Additional Parcels: Yes
  • Parcel #: 501-27-077

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 15
  • Electric Expense: 480.0
  • Annual Gross Income: 94506.0
  • Insurance Expense: 7013.26
  • Maintenance Expense: 7500.0
  • Property Net Operating Income: 57972.74
  • Annual Operating Expense: 36517.26
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 784.0
  • Tax Book Number: 501.00
  • Tax Lot: 7

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
02/07/2020 02/07/20 Sold $915,000 -22.1% --
09/24/2019 09/24/19 For Sale $1,175,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
  • Soyun Wong

    Buyer's Agent in 2020

    Soyun Wong

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 334-7775

    12 Total Sales

    Soyun Wong
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5992715

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County El Mirage 85335

13913 N Palm St, El Mirage, 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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