Seller's Agent in 2024
Jason Butler
R.O.I. Properties
(602) 288-6959
3 in this area
34 Total Sales
1718 E Mcdowell Rd Phoenix, AZ 85006
Central City Neighborhood
Studio
--
Bath
7,140
Sq Ft
0.49
Acres
About This Home
As of December 2024This multi-tenant retail property presents an exceptional investment opportunity in the heart of the ''Miracle Mile.'' The property is situated near the I-10 & SR-51 freeways on McDowell Rd, providing exceptional access and exposure. A new multifamily development, ''The Governor,'' is located across the street and is set to invigorate the neighborhood. This influx of new residents is expected to drive foot traffic and increase demand for retail services, making this property an ideal location for growth. Current tenants have short-term leases, offering a strategic advantage for the new owner to renegotiate and capitalize on increasing market rents. As Miracle Mile continues its transformation, this property stands out as a key player in the area's commercial revitalization.
Last Agent to Sell the Property
R.O.I. Properties License #BR545613000 Listed on: 09/27/2024
Property Details
Property Type
- Other
Year Built
- Built in 1953
Lot Details
- 0.49 Acre Lot
- Property is zoned C-2
Home Design
- 7,140 Sq Ft Home
Parking
- 25 Open Parking Spaces
- 25 Parking Spaces
- Paved Parking
Listing and Financial Details
- Assessor Parcel Number 117-16-069
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2024
Closed on
Dec 11, 2024
Sold by
Uhler Doug
Bought by
Fen Investments Inc
Seller's Agent
Jason Butler
R.O.I. Properties
Buyer's Agent
Brook Miller
RE/MAX Solutions
List Price
$1,200,000
Sold Price
$1,120,500
Premium/Discount to List
-$79,500
-6.62%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,500
Outstanding Balance
$729,716
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 15, 2021
Sold by
Az Mcdowell Llc
Bought by
Uhler Doug
Purchase Details
Closed on
Apr 1, 2016
Sold by
Area Enterprises Llc
Bought by
Uhler Doug
Purchase Details
Closed on
Nov 22, 2011
Sold by
Abrams Kenneth L and Abrams Alvin S
Bought by
Area Enterprises Llc
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fen Investments Inc | $1,120,500 | Stewart Title & Trust Of Phoen | |
| Fen Investments Inc | $1,120,500 | Stewart Title & Trust Of Phoen | |
| Uhler Doug | -- | None Available | |
| Uhler Doug | $660,000 | Old Republic Title Agency | |
| Area Enterprises Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fen Investments Inc | $735,500 | |
| Closed | Fen Investments Inc | $735,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Sold | $1,120,500 | -6.6% | $157 / Sq Ft |
| 11/15/2024 11/15/24 | Pending | -- | -- | -- |
| 09/27/2024 09/27/24 | For Sale | $1,200,000 | -- | $168 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $5,116 | $37,874 | -- | -- |
| 2024 | $5,171 | $37,197 | -- | -- |
| 2023 | $5,171 | $74,783 | $19,108 | $55,675 |
| 2022 | $5,114 | $64,243 | $13,020 | $51,223 |
| 2021 | $5,389 | $65,826 | $13,392 | $52,434 |
| 2020 | $5,257 | $64,188 | $12,276 | $51,912 |
| 2019 | $5,220 | $59,652 | $9,198 | $50,454 |
| 2018 | $5,113 | $58,608 | $8,514 | $50,094 |
| 2017 | $4,916 | $50,778 | $8,856 | $41,922 |
| 2016 | $4,725 | $46,530 | $8,280 | $38,250 |
| 2015 | $4,518 | $27,658 | $8,270 | $19,388 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Butler
-
Brook Miller
Buyer's Agent in 2024
Brook Miller
RE/MAX
(602) 391-7164
7 in this area
141 Total Sales
-
Cindy Moy Zhang
Buyer Co-Listing Agent in 2024
Cindy Moy Zhang
RE/MAX
(646) 206-0905
3 in this area
6 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6763256
APN: 117-16-069
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
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