NOT LISTED FOR SALE

1501 E Oak St Phoenix, AZ 85006

Coronado Neighborhood

Estimated Value: $643,000 - $724,000

Studio
1 Bath
700 Sq Ft
$986/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2024

Last sale price $739,000 $1,056 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,441 / mo

30 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Vinyl Flooring

About This Home

As of September 2024

Fully remodeled triplex in the sought-after Coronado Historic District of Midtown Phoenix. Close to Phoenix Children's Hospital & Phoenix Country Club. Tastefully upgraded recently with high-quality finishes. The units include SS appliances with dishwashers & stacked washer/dryer packages. Coveted unit mix of all 2 bedroom units (800 sf +/-) with separate electric. Rents are $1500-$1600/unit. Highly-stabilized with strong leases in place. Professionally managed. Just a 1/2 block to a new construction $1.1 mil house for sale. Offered individually or buy as a combination. Also available on the same block is 1505; 1509; 1521 (E); 1521 (W); & 1527 E. Oak. All triplexes have similar finishes/upgrades. CAP rates range from 5.99 to 6.28.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 07/16/2024

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Melissa Barlow

West USA Realty License #BR712124000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1957

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 117-18-104

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7,301
  • Ranchitos Bonitas Lots 1 4 Subdivision

Building Details

  • Operating Expense $8,436
  • Gross Income $52,725
  • Net Operating Income $44,289

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,142

Year Built

Built in 1957

Lot Details

7,318 Sq Ft Lot

Listing Details

  • Cross Street: 16th & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2023
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: RANCHITOS BONITAS LOTS 1-4
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Other (See Remarks), BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7,301
  • Additional Parcels: Yes
  • Parcel #: 117-18-104

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 52725.0
  • Property Net Operating Income: 44289.0
  • Annual Operating Expense: 8436.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1142.0
  • Tax Book Number: 117.00
  • Tax Lot: 1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/26/2024 09/26/24 Sold $739,000 0.0% $1,056 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
07/20/2024 07/20/24 For Sale $739,000 0.0% $1,056 / Sq Ft
01/15/2016 01/15/16 Rented $550 0.0% --
12/30/2015 12/30/15 For Rent $550 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    7 in this area

    42 Total Sales

    James Stephens
    Section Image
  • Melissa Barlow

    Buyer's Agent in 2024

    Melissa Barlow

    West USA Realty

    (310) 800-1608

    6 in this area

    44 Total Sales

    Melissa Barlow
    Section Image
  • Kelley Scholtes

    Seller's Agent in 2016

    Kelley Scholtes

    Prestige Realty

    (602) 944-2100

    20 Total Sales

    Kelley Scholtes
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6733871

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-18-104

Arizona Maricopa County Phoenix 85006 Coronado

1501 E Oak St, Phoenix, AZ

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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