NOT LISTED FOR SALE
-- Bed
1 Bath
425 Sq Ft
7,841 Sq Ft Lot

Last Sold February 18, 2015

Last sale price $206,000 $485 Per Sq Ft

128 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Solano School Rated 9+

About This Home

As of February 2015

WOW Bring your offer's seller is motivated. Seller will CARRY!!! Over a 8% cap after all expenses. 100% fully rented cash cow! This nice block construction building is great location and walking distance to the light rail. Easily rents and nice private access makes it nice to come to for tenants. Nice maintained property with low maintenance make's this property a great investment for great cash flow!!! All facts and figures are approximate buyer verify MLS INFO
Drive by only do not disturb tenants.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 10/06/2014

Last Buyer's Agent

Bob Collopy

Fort Lowell Realty & Property Management License #BR640927000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1973

Lot Details

  • 7,841

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 11
  • Assessor Parcel Number 156-39-011-C

Community Details

Overview

  • 6 Units
  • Building Dimensions are 126x63
  • Denton Tr Lot 11 Subdivision

Building Details

  • Operating Expense $9,656
  • Gross Income $27,132
  • Net Operating Income $17,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 15th Ave. & Bethany Home Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MH
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2013
  • Directions: South on 19th Ave., turn Left on to Missouri Ave., turn Right on to 17th Ave., then first Left on to Denton Ave. and property will be on your left.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1200.0
  • Subdivision Name: DENTON TR LOT 11
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Fee Information

  • Annual Fuel Expense: 1440.0
  • Trash Expense: 1032.0
  • Annual Water Sewer Expense: 1320.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 126x63
  • Additional Parcels: No
  • Parcel #: 156-39-011-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 6
  • Electric Expense: 360.0
  • Annual Gross Income: 27132.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 17476.0
  • Annual Operating Expense: 9656.36
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1052.36
  • Tax Book Number: 156.00
  • Tax Lot: 11

Range of Values:

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Sold Price
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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 Prior Sale
02/18/2015 02/18/15 Sold $206,000 -4.1% $485 / Sq Ft
02/11/2015 02/11/15 Pending -- -- --
10/06/2014 10/06/14 For Sale $214,900 +16.8% $506 / Sq Ft
05/28/2014 05/28/14 Sold $184,000 -5.6% $433 / Sq Ft View Prior Sale
05/01/2014 05/01/14 Pending -- -- --
04/10/2014 04/10/14 For Sale $194,900 +21.8% $459 / Sq Ft
06/27/2013 06/27/13 Sold $160,000 -4.5% $376 / Sq Ft View Prior Sale
05/31/2013 05/31/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $167,500 +8.1% $394 / Sq Ft
12/13/2012 12/13/12 Sold $155,000 -11.4% $182 / Sq Ft View Prior Sale
11/16/2012 11/16/12 Pending -- -- --
06/24/2012 06/24/12 For Sale $175,000 -- $206 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5181699

Arizona Regional Multiple Listing Service (ARMLS)