NOT LISTED FOR SALE

1526 W Mckinley St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $478,000 - $929,000

-- Bed
6 Baths
2,354 Sq Ft
$318/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $570,000 $242 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,246/month

6 Days on Market

Highlights

  • Wood Flooring
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2020

Townhome like apartments with large PRIVATE YARDS & in unit Washer/Dryers & dishwashers!! Excellent gross monthly cashflow $5028, $60,336 yearly. 11.5% Gross cap, 100% occupied. Tenant paid utilities on RUBS!! Just remodeled. New HVAC, new electrical panel, new interiors with wood tile floor, showers, stainless appliances, White Quartz countertops and ceiling fans. Overhead is low. Awesome unit mix of 1, 3 bed x2 bath, 1, 3 bed x 1 bath, 2, 2bed x 1 bath. This area is hot and transitioning in the Art District of Roosevelt. Hurry will not last with this strong of cashflow. Could add solar and reduce bills even more or charge for storage. Pet fees are quite low as well. P.S. the tenants love having there own private yards. Happy tenant mix.

Last Listed By

James Yancey

Gentry Real Estate License #SA623899000 Listed on: 11/07/2019

Gentry Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $877

Year Built

  • Built in 1940

Lot Details

  • 6,273

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Legal Lot and Block 7,8 / 3
  • Assessor Parcel Number 111-25-037-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 6,250 sqft
  • Homestead Place Subdivision

Building Details

  • Operating Expense $2,927
  • Net Operating Income $49,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$877

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: Roosevelt & 15th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 2
  • Year Built: 1940
  • Tax Year: 2019
  • Directions: South on 15th Avenue to McKinley St., West on McKinley to property on North side if street
  • Road Surface Type: Asphalt
  • Subdivision Name: HOMESTEAD PLACE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Individual, Electric
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Drapes2: Yes

Lot Info

  • Lot Size: 6,250 sqft
  • Additional Parcels: No
  • Parcel #: 111-25-037-A

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 49286.0
  • Annual Operating Expense: 2927.0

Tax Info

  • Tax Annual Amount: 877.0
  • Tax Block: 3
  • Tax Book Number: 111.00
  • Tax Lot: 7,8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2021
Sold by
Geldenhuis Petrus Johannes and Tran Mai P
Bought by
Geldenhuis Petrus and Tran Mai P
Total Days on Market
6
Current Estimated Value
$747,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$391,784
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$304,142

Purchase Details

Listed on
Nov 7, 2019
Closed on
Mar 24, 2020
Sold by
Geldenhuis Petrus and Tran Mai P
Bought by
Gc Capital Llc
Seller's Agent
James Yancey
Gentry Real Estate
Buyer's Agent
Nathan Biggar
Real Broker
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$427,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2019
Closed on
Mar 4, 2020
Sold by
Fidelity First International Llc
Bought by
Geldenhuls Petrus and Tran Mai P
Seller's Agent
James Yancey
Gentry Real Estate
Buyer's Agent
Nathan Biggar
Real Broker
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2019
Sold by
Kmd Weekly Rentals Llc
Bought by
Fidelity First International Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,700
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2013
Sold by
1526 W Mckinley Llc
Bought by
Kmd Weekly Rentals Llc

Purchase Details

Closed on
Jun 9, 2005
Sold by
Robert A Landman Living Trust
Bought by
1526 W Mckinley Llc

Purchase Details

Closed on
Jul 9, 1998
Sold by
Landman Robert A
Bought by
Landman Robert A and Downing Irrevocable Trust

Range of Values:

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Average Value
Not Available
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
Geldenhuis Petrus -- Magnus Title Agency
Gc Capital Llc -- None Available
Geldenhuls Petrus $570,000 Old Republic Title Agency
Fidelity First International Llc $82,400 Valleywide Title Agency
Kmd Weekly Rentals Llc -- None Available
1526 W Mckinley Llc -- --
Landman Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geldenhuis Petrus $427,500
Previous Owner Geldenhuls Petrus $427,500
Previous Owner Fidelitty First International Llc $111,094
Previous Owner Fidelity First International Llc $300,000
Previous Owner Fidelity First International Llc $141,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $570,000 -4.8% $242 / Sq Ft
11/06/2019 11/06/19 For Sale $599,000 -- $254 / 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 $978 $7,312 -- --
2024 $902 $6,964 -- --
2023 $902 $46,700 $9,340 $37,360
2022 $869 $33,010 $6,600 $26,410
2021 $867 $27,800 $5,560 $22,240
2020 $878 $25,960 $5,190 $20,770
2019 $877 $22,020 $4,400 $17,620
2018 $862 $15,360 $3,070 $12,290
2017 $836 $15,800 $3,160 $12,640
2016 $812 $14,170 $2,830 $11,340
2015 $745 $8,480 $1,690 $6,790
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    James Yancey

    Gentry Real Estate

    (480) 452-6227

    4 in this area

    16 Total Sales

    James Yancey
    Section Image
  • Nathan Biggar

    Buyer's Agent in 2020

    Nathan Biggar

    Real Broker

    (480) 717-1901

    127 Total Sales

    Nathan Biggar
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6001679

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-25-037A

Arizona Maricopa County Phoenix 85007 Central City

1526 W Mckinley St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 1526 W Mckinley St, Phoenix, AZ 85007 since 07 November 2019 and is currently estimated at $747,483, approximately $317 per square foot. This property was built in 1940. 1526 W Mckinley St is a home located in Maricopa County with nearby schools including Capitol Elementary School, Phoenix Coding Academy, and Central High School.

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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