NOT LISTED FOR SALE
-- Bed
2 Baths
1,114 Sq Ft
6,273 Sq Ft Lot

Last Sold June 09, 2015

Last sale price $175,000 $157 Per Sq Ft

22 Days on Market

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of June 2015

Adorable triplex in the best location in Phoenix! No shared walls, fully remodeled in 2010, new roof in 2013. Each Casa has private back courtyard, nice front patio with small front yard. Onsite parking for two, washer/dryer hookup. Virtually no traffic as it sits on a dead end street. Close to all downtown activities, restaurants, sporting events and First Friday Art Events. All improvements (plumbing, electric, etc) fully permitted by City of Phoenix. This is a unique tri-plex that is never without a great tenant.

Last Listed By

Kate Sivolella

DPR Realty LLC License #SA559789000 Listed on: 04/10/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $566

Year Built

  • Built in 1931

Lot Details

  • 6,273

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 1 Open Parking Space
  • 3 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Additional Features

  • Ceiling Fan
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 116-18-073

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 4350
  • Furman Tract Subdivision

Building Details

  • Operating Expense $5,552
  • Gross Income $18,430
  • Net Operating Income $8,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$566

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: 14th street & Van Buren
  • Property Type: Multiple Dwellings
  • Zoning: rental resid
  • Number Of Buildings: 3
  • Year Built: 1931
  • Tax Year: 2014
  • Directions: North on 14th street to Polk and East to property
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 1218.1
  • Subdivision Name: Furman Tract
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1327.95

Lot Info

  • Lot Size: 4350
  • Additional Parcels: No
  • Parcel #: 116-18-073

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 66.08
  • Annual Gross Income: 18430.0
  • Insurance Expense: 674.0
  • Maintenance Expense: 750.0
  • Property Net Operating Income: 8100.0
  • Annual Operating Expense: 5552.13
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 566.0
  • Tax Book Number: 116.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2011
Sold by
Neighborhood Properties Llc
Bought by
City Of Phoenix
Total Days on Market
22

Purchase Details

Closed on
Dec 2, 2010
Sold by
Local Initiatives Support Corporation
Bought by
Neighborhood Properties Llc

Purchase Details

Closed on
Feb 4, 2003
Sold by
Leon Victor
Bought by
Capitol Mall Assn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.83%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
City Of Phoenix -- Empire West Title Agency
Neighborhood Properties Llc -- Accommodation
Local Initiatives Support Corporation $100,812 None Available
Capitol Mall Assn $47,500 Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Capitol Mall Assn $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2015 06/09/15 Sold $175,000 0.0% $157 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $175,000 -- $157 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 -- $2,731 $2,731 --
2024 -- $2,601 $2,601 --
2023 $0 $17,520 $17,520 $0
2022 $0 $12,060 $12,060 $0
2021 $0 $12,060 $12,060 $0
2020 $0 $10,485 $10,485 $0
2019 $0 $6,135 $6,135 $0
2018 $0 $5,325 $5,325 $0
2017 $0 $5,550 $5,550 $0
2016 $0 $5,040 $5,040 $0
2015 -- $5,232 $5,232 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5263185

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-28-069