NOT LISTED FOR SALE

1558 W Monroe St Phoenix, AZ 85007

Governmental Mall Neighborhood
5 Beds
1 Bath
2,975 Sq Ft
5,663 Sq Ft Lot

Last Sold April 16, 2012

Last sale price $225,000 $76 Per Sq Ft

84 Days on Market

Highlights

  • Wood Flooring
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of April 2012

Completely Remodeled 9-units in Downtown PhoenixThe property consists of three separate buildings. There is a single level home with two, two-story 4-plexes on each side. The two-story, classic, block-constructed buildings each have two one bedroom and two studio apartments. The house has one bedroom. The units are individually metered (electric) with individual, split HVAC units. Each of the apartments have been nicely refurbished with modern appliances, new counter/cabinets, upscale sinks, refinished wood floors, while still preserving their ageless style. The property is located just south of Van Buren Street, providing easy access to downtown Phoenix. The property is also adjacent to Arizona's State Capital District and the many related government buildings.

Last Agent to Sell the Property

Terry Kass

R.O.I. Properties License #BR503783000 Listed on: 01/12/2012

Last Buyer's Agent

Kimberly Ortiz

Realty ONE Group License #BR539221000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,663

Parking

  • On-Street Parking

Home Design

  • Composition Shingle Roof
  • Built-Up Roof
  • Block Exterior

Kitchen

  • Oven or Range
  • Free-Standing Electric Oven

Flooring

  • Wood
  • Painted or Stained Flooring

Utilities

  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • $1,224 per year Dock Fee
  • 9 Units
  • Building Dimensions are 5,600

Building Details

  • Insurance Expense $1,125

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Tax Municipality: Phoenix
  • Appliances Included: F/S Oven/Range
  • Construction Finish: Painted
  • Cross Street: 16th St & Van Buren
  • Floors: Wood
  • Legal Info Lot Number: 16
  • Legal Info Range: 3E
  • Legal Info Section: 7
  • Legal Info Township: 1N
  • Payment Includes: Interest, Principal
  • Roads Streets: Asphalt
  • Property Type: F
  • Legal Description Abbrev: CAPITOL BLK 13, 19-22, 27-28, TR A
  • Marketing Name: 9 Apartments Downtown
  • Ownership: Fee Simple
  • Map Code Grid: Q35
  • Year Built: 1926
  • Tax Year: 2011
  • Directions: From 7th Avenue, go west on Van Buren Street, then south on 16th Avenue one block. Property is on the NE corner of 16th Avenue and Monroe Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished

Exterior Features

  • Exterior Amenities: Desert Landscaping
  • Roofing: Built-Up, Comp Shingle
  • Construction: Block

Garage/Parking

  • Parking: Street Parking

Utilities

  • Water: City Franchise
  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric, Individual

Condo/Co-op/Association

  • Community Amenities: No Pool

Lot Info

  • Lot Size: 5,600

Multi Family

  • Efficiency Units Baths: 1
  • Efficiency Units Rent: 310.00
  • Efficiency Units Sq Ft: 350
  • Income And Expenses Adjusted Gross Inc: 39210.50
  • Income And Expenses Annual Elec Exp: 250.00
  • Income And Expenses Annual Ins Exp: 1125.00
  • Income And Expenses Annual Maint Exp: 3600.00
  • Income And Expenses Annual Mgmt Exp: 3600.00
  • Income And Expenses Annual Other Expense: 2500.00
  • Income And Expenses Annual Trash Exp: 1300.00
  • Income And Expenses Annual Water Sewer Exp: 2900.00
  • Income And Expenses Gross Annual Sch Inc: 44880.00
  • Income And Expenses Net Operating Income: 22899.00
  • Income And Expenses Operating Exp: 16499.06
  • Income And Expenses Other Income: 1250.00
  • Income And Expenses Vacancy Allowance: 0.15
  • Number Of Efficiency Units: 4
  • Number Of One Bedroom Units: 5
  • One Bedroom Units Avg Rent: 500.00
  • One Bedroom Units Avg Sq Ft: 525
  • One Bedroom Units Baths: 5
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 3
  • Total Numberof Units: 9.00

Tax Info

  • Taxes: 1224.06

Range of Values:

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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 Change Sq Ft Price
04/16/2012 04/16/12 Sold $225,000 -15.1% $76 / Sq Ft
04/05/2012 04/05/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $265,000 -- $89 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2012

    Terry Kass

    R.O.I. Properties

    (602) 330-2525

    29 Total Sales

    Terry Kass
    Section Image
  • Kimberly Ortiz

    Buyer's Agent in 2012

    Kimberly Ortiz

    Realty One Group

    (602) 413-8098

    60 Total Sales

    Kimberly Ortiz
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4705742

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85007 Governmental Mall

1558 W Monroe St, Phoenix, AZ

This home is located at 1558 W Monroe St, Phoenix, AZ 85007 since 12 January 2012. This property was built in 1926. 1558 W Monroe St is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune 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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