NOT LISTED FOR SALE
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

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
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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

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

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5702024

Arizona Regional Multiple Listing Service (ARMLS)
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