NOT LISTED FOR SALE

1442 E Polk St Phoenix, AZ 85006

Garfield Neighborhood
10 Beds
7 Baths
3,400 Sq Ft
1946 Built

Last Sold April 01, 2021

Last sale price $780,000 $229 Per Sq Ft

3 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of April 2021

Terrific value-add opportunity in the desirable Garfield Historic District. This developing neighborhood near downtown Phoenix provides unique architectural styles and in-town conveniences. The property has six rental units in four individual buildings with an attractive unit mix. Separate electric meters. Landlord pays water. Tremendous upside potential with current rents well below market. One vacant unit being held for tours. (4) 1/1, (1) 2/1 and (1) 2/1.5. This property is primed for an experienced new owner who will maximize it's potential. Near 7% proforma cap!

Last Agent to Sell the Property

Randy Erwin

Century 21 Arizona Foothills License #SA639091000 Listed on: 03/19/2021

Century 21 Arizona Foothills

Last Buyer's Agent

Luke Miller

Arizona Best Real Estate License #BR650651000

Arizona Best Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,134

Year Built

  • Built in 1946

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces
  • Carport
  • Paved Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 34
  • Assessor Parcel Number 116-18-116

Community Details

Overview

  • 4 Buildings
  • 6 Units
  • Building Dimensions are +/-100' x +/-238'
  • Germania Place Lots 1, 2, 12, 13 Subdivision

Building Details

  • Operating Expense $2,134
  • Gross Income $68,970
  • Net Operating Income $58,582

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,134

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 16th Street & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Subdivision Name: GERMANIA PLACE LOTS 1, 2, 12, 13
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, Carport
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking Features:Carport: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: +/-100' x +/-238'
  • Additional Parcels: No
  • Parcel #: 116-18-116

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 68970.0
  • Property Net Operating Income: 58582.0
  • Annual Operating Expense: 2134.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2134.0
  • Tax Book Number: 116.00
  • Tax Lot: 34

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
04/01/2021 04/01/21 Sold $780,000 0.0% $229 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $780,000 +124.8% $229 / Sq Ft
01/03/2018 01/03/18 Sold $347,000 -4.9% $102 / Sq Ft View Prior Sale
12/31/2017 12/31/17 For Sale $365,000 0.0% $107 / Sq Ft
12/31/2017 12/31/17 Price Changed $365,000 0.0% $107 / Sq Ft
12/20/2017 12/20/17 Pending -- -- --
12/15/2017 12/15/17 Price Changed $365,000 -2.7% $107 / Sq Ft
10/25/2017 10/25/17 Price Changed $375,000 -5.1% $110 / Sq Ft
09/20/2017 09/20/17 For Sale $395,000 0.0% $116 / Sq Ft
09/18/2017 09/18/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $395,000 +49.1% $116 / Sq Ft
05/15/2015 05/15/15 Sold $265,000 -5.4% $78 / Sq Ft View Prior Sale
04/18/2015 04/18/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $280,000 -- $82 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Randy Erwin

    Seller's Agent in 2021

    Randy Erwin

    Century 21 Arizona Foothills

    (602) 418-1116

    2 in this area

    32 Total Sales

    Randy Erwin
    Section Image

  • L

    Buyer's Agent in 2021

    Luke Miller

    Arizona Best Real Estate

    (602) 993-0024

    1 in this area

    14 Total Sales

    Luke Miller
    Section Image
  • Carrie Black-Montano

    Seller's Agent in 2018

    Carrie Black-Montano

    Realty One Group

    (480) 560-5759

    36 Total Sales

    Carrie Black-Montano
    Section Image

  • P

    Buyer's Agent in 2018

    Patsy R. Iseman

    Arizona Elite Properties

  • Robert Passariello

    Seller's Agent in 2015

    Robert Passariello

    Realty Executives

    (480) 998-0676

    11 Total Sales

    Robert Passariello
    Section Image

  • B

    Buyer's Agent in 2015

    Bob Passariello

    Realty Executives

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6209663

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85006 Garfield

1442 E Polk 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

Nearby Homes