B
Seller's Agent in 2012
Bradley Goff
Newmark Multifamily
1701 E Cambridge Ave Phoenix, AZ 85006
Central City Neighborhood
2
Beds
1
Bath
950
Sq Ft
27,007
Sq Ft Lot
Highlights
- Cooling Available
- Phoenix Coding Academy Rated A
- Heat Pump System
About This Home
As of November 2012This 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
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
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
Average Home Value in this Area
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
| 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
-
-
Carrick Sears
Buyer's Agent in 2012
Carrick Sears
SVN/Desert Commercial Advisors
(602) 327-0325
2 in this area
18 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 4821775
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.
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
- 1747 E Virginia Ave
- 2701 N 16th St Unit 210
- 2701 N 16th St Unit 211
- 2533 N 16th St
- 1630 E Harvard St
- 2545 N 15th St
- 2531 N 15th St
- 1716 E Oak St
- 1513 E Sheridan St
- 1524 E Harvard St
- 1516 E Thomas Rd
- 2933 N Casa Tomas Ct
- 1950 E Yale St
- 1413 E Windsor Ave
- 2621 N 14th St
- 1636 E Pinchot Ave
- 1847 E Pinchot Ave
- 1748 E Monte Vista Rd
- 1517 E Pinchot Ave
- 3023 N 16th St
- 1701 E Cambridge Ave Unit 8
- 1702 E Cambridge Ave
- 1702 E Cambridge Ave Unit 1-2
- 1702 E Cambridge Ave
- 1702 E Cambridge Ave Unit 2
- 1702 E Cambridge Ave Unit 1
- 1649 E Cambridge Ave
- 1710 E Cambridge Ave
- 2630 N 17th St
- 1725 E Cambridge Ave Unit 205
- 1725 E Cambridge Ave
- 1645 E Cambridge Ave
- 1714 E Cambridge Ave
- 2626 N 17th St
- 1731 E Cambridge Ave
- 1733 E Cambridge Ave
- 1729 E Cambridge Ave
- 2624 N 17th St
- 2621 N 17th St
- 1736 E Virginia Ave
Your Personal Tour Guide
Ask me questions while you tour the home.