NOT LISTED FOR SALE

1701 E Cambridge Ave Phoenix, AZ 85006

Central City Neighborhood
2 Beds
1 Bath
950 Sq Ft
0.62 Acres

Last Sold November 19, 2012

Last sale price $442,000 $465 Per Sq Ft

22 Days on Market

Highlights

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

About This Home

As of November 2012

This fantastic East Phoenix location is close to the Arizona Heart Institute and the Phoenix Children’s Hospital. The property is ideally situated between two major employment corridors - the Midtown Office Corridor to the west and the Camelback Corridor to the north.

The single story community was constructed in 1986 of block construction with a stucco exterior. The property is individually metered with roof mounted HVAC’s. The community has a garden-style layout with a grass courtyard and long shaded balconies outside each unit. In addition, the community offers tenants laundry facilities and covered parking. The property is currently 92% occupied with below market rents. There is upside in the rents of $25-50 via minor upgrades to the units.Please see document tab for financials.

Last Agent to Sell the Property

Bradley Goff

Newmark Multifamily License #BR041106000 Listed on: 09/20/2012

Last Buyer's Agent

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000

SVN/Desert Commercial Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,215

Year Built

  • Built in 1986

Lot Details

  • 0.62

Home Design

  • Tile Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 18 Parking Spaces
  • 12 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • 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 32
  • Assessor Parcel Number 117-04-040

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are .62

Building Details

  • Operating Expense $2,215
  • Net Operating Income $32,567

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,215

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 16th St and Cambridge
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Year Built: 1986
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Block
  • Roof: See Remarks, Tile, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: .62
  • Additional Parcels: No
  • Parcel #: 117-04-040

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 12
  • Property Net Operating Income: 32567.0
  • Annual Operating Expense: 2215.0

Tax Info

  • Tax Annual Amount: 2215.0
  • Tax Book Number: 117.00
  • Tax Lot: 32

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/19/2012 11/19/12 Sold $442,000 -1.8% $465 / Sq Ft
10/12/2012 10/12/12 Pending -- -- --
09/20/2012 09/20/12 For Sale $450,000 -- $474 / 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 $4,794 $35,494 -- --
2024 $4,561 $33,803 -- --
2023 $4,561 $187,710 $37,540 $150,170
2022 $4,382 $150,810 $30,160 $120,650
2021 $4,489 $124,610 $24,920 $99,690
2020 $4,380 $97,400 $19,480 $77,920
2019 $4,349 $74,450 $14,890 $59,560
2018 $4,259 $74,100 $14,820 $59,280
2017 $4,095 $75,210 $15,040 $60,170
2016 $3,936 $73,700 $14,740 $58,960
2015 $3,662 $37,750 $7,550 $30,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Bradley Goff

    Newmark Multifamily

    (602) 252-4232

    Bradley Goff
    Section Image
  • Carrick Sears

    Buyer's Agent in 2012

    Carrick Sears

    SVN/Desert Commercial Advisors

    (602) 327-0325

    2 in this area

    19 Total Sales

    Carrick Sears
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4821775

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

1701 E Cambridge Ave, 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

Nearby Homes