NOT LISTED FOR SALE

1631 E Yale St Phoenix, AZ 85006

Central City Neighborhood
1 Bed
1 Bath
575 Sq Ft
1946 Built

Last Sold February 15, 2018

Last sale price $290,000 $504 Per Sq Ft

Highlights

  • Evaporated cooling system
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of February 2018

7 Plex plus an additional 8000 foot lot at the back of the property*** 3 bedroom house in the front with 6 units behind it with ample parking in front of each unit -- 2 two bedroom units and 4 one bedroom units make up the rest of this 7 plex**roof, hot water heaters and electrical panels have all been updated -- some tenants have been here 5 plus years with any vacancies renting out very quickly**Property could use some cosmetic work which would allow the rents to be raised as the units are currently renting below the neighborhood averages**Zoned for R3 in this centrally located neighborhood close to everything. The area is poised to be next in the wave of remodels taking place all across the Central/East Phoenix area**All the units have tile floors throughout with no carpet anywhere**

Last Agent to Sell the Property

David Hayes

Varsity Realty License #BR084362000 Listed on: 12/28/2017

Last Buyer's Agent

David Hayes

Varsity Realty License #BR084362000 Listed on: 12/28/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1946

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • Assigned Parking

Schools

  • Creighton Elementary School
  • North High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 117-05-028

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 23,256
  • Greenfield Acres Lots 9 24 Subdivision

Building Details

  • Operating Expense $12,326
  • Gross Income $36,317
  • Net Operating Income $23,991

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,882

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 16th St & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M R 3
  • Number Of Buildings: 2
  • Year Built: 1946
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Subdivision Name: GREENFIELD ACRES LOTS 9-24
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Central A/C, Heat Pump, Electric, Evaporative Cooling, Other, Wall/Window Unit(s), Ceiling Fan(s), See Remarks
  • Heating: Individual, Central, Heat Pump, 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: North High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 23,256
  • Additional Parcels: No
  • Parcel #: 117-05-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Electric Expense: 144.0
  • Annual Gross Income: 36316.8
  • Insurance Expense: 900.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 23991.0
  • Annual Operating Expense: 12326.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1882.0
  • Tax Book Number: 117.00
  • Tax Lot: 15

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
02/15/2018 02/15/18 Sold $290,000 -10.8% $504 / Sq Ft
12/28/2017 12/28/17 Pending -- -- --
12/28/2017 12/28/17 For Sale $325,000 +48.7% $565 / Sq Ft
05/10/2013 05/10/13 Sold $218,500 -20.3% $380 / Sq Ft View Prior Sale
04/03/2013 04/03/13 Pending -- -- --
09/11/2012 09/11/12 For Sale $273,986 -- $476 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,204 $16,317 -- --
2024 $2,097 $15,540 -- --
2023 $2,097 $78,020 $15,600 $62,420
2022 $2,015 $58,180 $11,630 $46,550
2021 $2,064 $45,670 $9,130 $36,540
2020 $2,013 $38,510 $7,700 $30,810
2019 $1,999 $31,570 $6,310 $25,260
2018 $1,958 $24,770 $4,950 $19,820
2017 $1,882 $23,160 $4,630 $18,530
2016 $1,810 $19,630 $3,920 $15,710
2015 $1,683 $16,650 $3,330 $13,320
Source: Public Records

Agents Affiliated with this Home

  • David Hayes

    Seller's Agent in 2018

    David Hayes

    Varsity Realty

    (623) 455-8924

    28 Total Sales

    David Hayes
    Section Image

  • R

    Seller's Agent in 2013

    Raul Rios-Lazo

    At Home Real Estate Arizona

    (480) 206-3986

    14 Total Sales

    Raul Rios-Lazo
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5702024

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85006 Central City

1631 E Yale St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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