NOT LISTED FOR SALE

1406 E Jefferson St Phoenix, AZ 85034

Garfield Neighborhood
6 Beds
12 Baths
932 Sq Ft
1960 Built

Last Sold December 21, 2016

Last sale price $500,000 $536 Per Sq Ft

24 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • 4-minute walk to Eastlake Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of December 2016

MetroParc is a single story, two-building, 12 unit apt complex located on the light rail corridor in Central Phoenix. Built in 1960 the building is composed of solid block construction with pitched roofs. The newly renovated units offer great potential for rent increases to be implemented. 1402 and 1406 E. Jefferson are the 2 bldgs. Seven units at 1402 and five at 1406. Excellent access to the 202, 51 and I10. 75% occupied. Listed price is for both buildings.

Last Agent to Sell the Property

Claudia Jara

Realty ONE Group License #SA555088000 Listed on: 10/14/2016

Realty ONE Group

Last Buyer's Agent

Claudia Jara

Keller Williams Realty East Valley License #SA555088000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,754

Year Built

  • Built in 1960

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 116-48-014-A

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are irr
  • Collins Phoenix Blks 23 26, 17, 27 Subdivision

Building Details

  • Operating Expense $20,858
  • Gross Income $61,236
  • Net Operating Income $32,213

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,754

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 14th St and Jefferson
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MH R5 Each
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Subdivision Name: Collins Phoenix Blks 23-26, 17, 27
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: Yes
  • Parcel #: 116-48-014-A

Multi Family

  • Owner Pays: Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 12
  • Annual Gross Income: 61236.0
  • Insurance Expense: 2290.0
  • Maintenance Expense: 3614.0
  • Property Net Operating Income: 32213.0
  • Annual Operating Expense: 20858.0
  • Vacancy Allowance Rate: 0.25

Tax Info

  • Tax Annual Amount: 2754.0
  • Tax Book Number: 116.00
  • Tax Lot: 13

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
12/21/2016 12/21/16 Sold $500,000 -4.8% $536 / Sq Ft
11/07/2016 11/07/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $525,000 -- $563 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Claudia Jara

    Seller's Agent in 2016

    Claudia Jara

    Realty One Group

    (602) 363-1321

    40 Total Sales

    Claudia Jara
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5512258

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85034 Garfield

1406 E Jefferson St, 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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