$450,000
SOLD OCT 22, 2015

1602 W Mcdowell Rd Phoenix, AZ 85007

-- Bed
-- Bath
2,150 Sq Ft
1946 Built

Recently Sold

$209 Per Sq Ft

17% Below List Price

18 Days on Market

Highlights

  • Game Room
  • Multiple cooling system units
  • Concrete Flooring
  • Maie Bartlett Heard Elementary School Rated 9+
  • Resident Manager or Management On Site
  • Multiple Heating Units

About This Home

As of December 2015

Assisted living property. Formerly used as a Boarding House for low income older men. The financials showing are from 2013. The property is currently vacant.
Some things that it would be suitable for are a Women's shelter for abused women, a teen shelter, and Adult day care for those that work downtown, weekly rental for strictly men or women unable to afford living on their own, a halfway house for recovering addicts, or a boarding home.

Last Agent to Sell the Property

Dan Brosman

HomeSmart License #SA513976000 Listed on: 08/31/2015

HomeSmart

Last Buyer's Agent

Patrick O'Sullivan

Get Multifamily License #BR634211000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • Kenilworth Elementary School
  • Phoenix Prep Academy Middle School
  • Central High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Heat Pump System

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, cable TV
  • Tax Lot 91 & 95
  • Assessor Parcel Number 111-07-072-A

Community Details

Overview

  • 4 Buildings
  • 9 Units
  • Building Dimensions are 118 x 160

Building Details

  • Operating Expense $53,735
  • Net Operating Income $153,980

Additional Features

  • Game Room
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 16th Avenue and West McDowell Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2015
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 8050.0
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: 2 or More Units, Heat Pump, Electric
  • Heating: Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: Game/Rec Room, Manager Res/Office

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Interior Amenities:Partially Furnished: Yes
  • Interior Amenities:Fire Sprinklers2: Yes
  • Community Amenities:GameRec Room: Yes

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 118 x 160
  • Additional Parcels: Yes
  • Parcel #: 111-07-072-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV
  • Tenant Pays: None
  • Number Of Units Total: 9
  • Electric Expense: 19375.0
  • Insurance Expense: 6687.0
  • Maintenance Expense: 11831.0
  • Property Net Operating Income: 153980.0
  • Annual Operating Expense: 53735.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Book Number: 111.00
  • Tax Lot: 91 & 95

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
12/28/2015 12/28/15 Sold $525,000 0.0% $244 / Sq Ft
11/14/2015 11/14/15 Pending -- -- --
10/28/2015 10/28/15 For Sale $525,000 +16.7% $244 / Sq Ft
10/22/2015 10/22/15 Sold $450,000 -17.4% $209 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $545,000 -- $253 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Brosman

    Seller's Agent in 2015

    Dan Brosman

    HomeSmart

    (480) 391-2419

    3 Total Sales

    Dan Brosman
    Section Image
  • Patrick O'Sullivan

    Seller's Agent in 2015

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    31 Total Sales

    Patrick O'Sullivan
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5328980

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85007

1602 W Mcdowell Rd, Phoenix, AZ

This home is located at 1602 W Mcdowell Rd, Phoenix, AZ 85007 and is currently priced at $450,000, approximately $209 per square foot. This property was built in 1946. 1602 W Mcdowell Rd is a home located in Maricopa County with nearby schools including Maie Bartlett Heard 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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