NOT LISTED FOR SALE

Estimated Value: $658,000

8 Beds
-- Bath
2,176 Sq Ft
$302/Sq Ft Est. Value

Sale Details

Date Sold: September 17, 2021

Last sale price $1,090,000 $501 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $4,281 / mo

11 Days on Market

Highlights

  • Community Barbecue Grill
  • Central Air
  • Heat Pump System

About This Home

As of September 2021

1625 & 1629 West Fillmore Street is an 8-Unit apartment community, built in 1959 and is of block construction. Comprised of (8) 1-Bedroom / 1-Bathroom units with all units being roughly 540 Square Feet, the property features an on-site laundry facility. All (8) units were recently renovated, the exterior underwent extensive renovations that were completed in 2021. Additional value is to be had through increasing rents to market levels along with the installation of in-suite W/D. All tenants are on month-to-month leases, (1) unit is leased at $1,000/month with the other (7) averaging roughly $725/month. The property is just minutes from the heart of Downtown Phoenix and provides immediate access to both the I-17 & I-10 Freeways. Must be sold with 1629 W Fillmore Street.

Last Agent to Sell the Property

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 06/23/2021

Co-Listed By

Mitchell Drake

ABI Multifamily License #SA675761000

Last Buyer's Agent

Carson Griesemer

ABI Multifamily License #SA686764000 Listed on: 06/23/2021

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 1959

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Separate Meters
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 111-26-052

Community Details

Overview

  • 4 Units
  • Building Dimensions are 125 Ft x 51 Ft
  • East Oakland Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $1,006
  • Gross Income $89,168
  • Net Operating Income $62,136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,006

Year Built

Built in 1959

Lot Details

6,273 Sq Ft Lot

Listing Details

  • Cross Street: Fillmore Street & 16th Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1959
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Concrete, Alley
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: EAST OAKLAND
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Other, See Remarks, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Other, See Remarks
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Lot Info

  • Lot Size: 125 Ft x 51 Ft
  • Additional Parcels: Yes
  • Parcel #: 111-26-052

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 89168.4
  • Property Net Operating Income: 62136.0
  • Annual Operating Expense: 1006.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1006.0
  • Tax Block: 1
  • Tax Book Number: 111.00
  • Tax Lot: 5

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2021 09/17/21 Sold $1,090,000 0.0% $501 / Sq Ft
09/01/2021 09/01/21 For Sale $1,090,000 0.0% $501 / Sq Ft
06/21/2021 06/21/21 For Sale $1,090,000 +639.0% $501 / Sq Ft
02/10/2016 02/10/16 Sold $147,500 -1.6% $68 / Sq Ft View Prior Sale
01/07/2016 01/07/16 Pending -- -- --
11/29/2015 11/29/15 For Sale $149,900 +11.0% $69 / Sq Ft
05/03/2013 05/03/13 Sold $135,000 -2.9% $62 / Sq Ft View Prior Sale
04/18/2013 04/18/13 Pending -- -- --
04/09/2013 04/09/13 For Sale $139,000 -- $64 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6254820

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-26-052

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