NOT LISTED FOR SALE

Estimated Value: $478,975 - $963,000

Studio
-- Bath
2,463 Sq Ft
$266/Sq Ft Est. Value

Sale Details

Date Sold: September 28, 2018

Last sale price $275,000 $112 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,718 / mo

7 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of September 2018

GPCI Multifamily is pleased to offer for sale this McKinley Street fourplex in Downtown Phoenix. With repositioning and new development all around, this fourplex offers a great value add opportunity and huge rent upside. It is conveniently located close to everything: Garfield Historic District is just one block away. Edison Elementary School is immediately across the street, a big draw for families. St. Luke's Medical Center is only two blocks away, a big employer. The Ranch Market is a large grocery store only three blocks away. Phoenix Sky Harbor Airport is less than three miles away. There are two 2-bed units and two 1-bed units. All units are individually metered (electric and gas). All have tile floors throughout and large private back yards. Three of the units have been... ...upgraded to roof top ACs. One evap cooler is left to complete. The roof is newer. The property is fully occupied. It is well positioned to enjoy the growth of this dynamic neighborhood of Central Phoenix!

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 09/07/2018

HomeSmart Realty

Last Buyer's Agent

Mark Skelpsa

Blue Saguaro Commercial Realty, LLC License #SA642313000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,288

Year Built

  • Built in 1962

Lot Details

  • 5,968

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Schools

  • Edison Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 116-16-026

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5645 sq ft
  • Alameda Place Subdivision

Building Details

  • Operating Expense $1,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,288

Year Built

Built in 1962

Lot Details

5,968 Sq Ft Lot

Listing Details

  • Cross Street: 16th St and Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: 00
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Subdivision Name: ALAMEDA PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

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

Schools

  • Elementary School: Edison Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 5645 sq ft
  • Additional Parcels: No
  • Parcel #: 116-16-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Operating Expense: 1288.0

Tax Info

  • Tax Annual Amount: 1288.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2025
Sold by
Bought by
Current Estimated Value
$654,494

Purchase Details

Closed on
Aug 27, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,500
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 7, 2018
Closed on
Oct 12, 2018
Sold by
Bought by
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Mark Skelpsa
HomeSmart Realty
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%

Purchase Details

Listed on
Sep 7, 2018
Closed on
Sep 24, 2018
Sold by
Bought by
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Mark Skelpsa
HomeSmart Realty
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%

Purchase Details

Closed on
Nov 1, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
0.0348%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2015
Sold by
Bought by

Purchase Details

Listed on
Sep 15, 2014
Closed on
Nov 19, 2014
Sold by
Bought by
Seller's Agent
Yvonne Barmettler
Fine Properties
Buyer's Agent
Yvonne Barmettler
Fine Properties
List Price
$110,000
Sold Price
$124,000
Premium/Discount to List
$14,000
12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.29%
Original Mortgage
$93,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
0.0446%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 27, 2012
Closed on
Oct 22, 2012
Sold by
Bought by
Buyer's Agent
Marla Wicks
DeLex Realty
List Price
$99,900
Sold Price
$75,000
Premium/Discount to List
-$24,900
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.04%
Original Mortgage
$55,101
Interest Rate
0.035%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
0.0476%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 3, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
0.0476%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
0.058%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 13, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
0.058%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,550
Interest Rate
0.0669%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
0.0782%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
0.0795%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 6, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
0.0795%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
-- Great American Title Agency
-- None Available
$275,000 Pioneer Title Agency Inc
-- Grand Canyon Title Agency
-- None Available
-- None Available
$124,000 Driggs Title Agency Inc
-- American Title Service Agenc
$73,468 American Title Service Agenc
-- None Available
-- None Available
$47,200 None Available
-- First American Title Ins Co
$210,000 First American Title Ins Co
$139,500 Stewart Title & Trust
$118,700 First American Title
-- Transnation Title Insurance
$70,000 Transnation Title Insurance
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $402,500
Previous Owner $112,000
Previous Owner $93,000
Previous Owner $56,250
Previous Owner $55,101
Previous Owner $250,000
Previous Owner $375,000
Previous Owner $38,000
Previous Owner $42,000
Previous Owner $157,500
Previous Owner $157,500
Previous Owner $125,550
Previous Owner $108,000
Previous Owner $63,000
Source: Public Records

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
09/28/2018 09/28/18 Sold $275,000 -8.0% $112 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $299,000 +141.1% $121 / Sq Ft
11/26/2014 11/26/14 Sold $124,000 +12.7% $50 / Sq Ft View Prior Sale
09/25/2014 09/25/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $110,000 +46.7% $45 / Sq Ft
10/29/2012 10/29/12 Sold $75,000 -24.9% $57 / Sq Ft View Prior Sale
08/28/2012 08/28/12 Pending -- -- --
06/27/2012 06/27/12 For Sale $99,900 -- $76 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax 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.

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 $1,489 $10,480
2024 $1,388 $9,981
2023 $1,388 $34,000 $6,800 $27,200
2022 $1,339 $24,850 $4,970 $19,880
2021 $1,329 $21,170 $4,230 $16,940
2020 $1,344 $17,450 $3,490 $13,960
2019 $1,342 $14,100 $2,820 $11,280
2018 $1,319 $14,680 $2,930 $11,750
2017 $1,288 $11,370 $2,270 $9,100
2016 $1,251 $10,330 $2,060 $8,270
2015 $1,158 $8,950 $1,790 $7,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5818376

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-16-026

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