NOT LISTED FOR SALE

15825 N 25th St Phoenix, AZ 85032

Paradise Valley Village Neighborhood
20 Beds
-- Bath
1,320 Sq Ft
1984 Built

Last Sold April 16, 2018

Last sale price $620,000 $470 Per Sq Ft

Highlights

  • Evaporated cooling system
  • Ceiling Fan
  • Concrete Flooring
  • Central Heating

About This Home

As of April 2018

THIS ASSET SOLD PRIOR TO MLS.
Added for comparison purposes only. Conveniently located near the intersection of Greenway Parkway & Cave Creek Road, this location affords high visibility while up-zoning the asset while collecting a market return on the existing 10 units. Better than vacant land as you have market returns during the rezoning process. OR purchase for the long-term appreciation. Some/A LOT of deferred maintenance but 30 year owner is retiring.

This property had SIGNIFICANT DEFERRED MAINTENANCE.. Poor management. Allowed for a great value add project.

Frontage on Greenway Prkwy is +/- 500'.
Zoning is R3 but Walgreen's is adjacent!!
All 2 bed units including 4 2/1 houses w/carports. 3 newer duplexes also 2/1's.
Paradise Valley School District.
Rezone while you collec Buyer purchased to renovate and re-position this asset.
Though land value was +/- the sale price.

ALL INFORMATION BELIEVED TO BE TRUE.
BUYER, APPRAISER'S TO VERIFY ALL STATEMENTS.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/30/2018

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 04/30/2018

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,865

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 20 Open Parking Spaces
  • 24 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Central Heating
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22
  • Assessor Parcel Number 214-40-028-C

Community Details

Overview

  • 7 Buildings
  • 10 Units
  • Building Dimensions are 6672
  • Kay Acres Subdivision

Building Details

  • Operating Expense $24,565
  • Gross Income $64,581
  • Net Operating Income $40,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,865

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Greenway Pkwy & N 25th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 7
  • Year Built: 1984
  • Tax Year: 2017
  • Directions: Property is on the SWC of 25th St and Greenway Parkway. adjacent to Walgreen's I blk E of Cave Creek.
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 9000.0
  • Subdivision Name: KAY ACRES
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition, Built-Up, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 24.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, Window/Wall Unit(s), Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7200.0

Lot Info

  • Lot Size: 6672
  • Additional Parcels: No
  • Parcel #: 214-40-028-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 10
  • Annual Gross Income: 64581.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 40016.0
  • Annual Operating Expense: 24565.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1865.0
  • Tax Book Number: 214.00
  • Tax Lot: 22

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
04/16/2018 04/16/18 Sold $620,000 -8.0% $470 / Sq Ft
03/30/2018 03/30/18 For Sale $674,000 -- $511 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5758786

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85032 Paradise Valley Village

15825 N 25th St, Phoenix, AZ

This home is located at 15825 N 25th St, Phoenix, AZ 85032 since 30 April 2018. This property was built in 1984. 15825 N 25th St is a home located in Maricopa County with nearby schools including Palomino Primary School, Palomino Intermediate School, and Greenway Middle 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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