NOT LISTED FOR SALE
32 Beds
-- Bath
800 Sq Ft
1985 Built

Last Sold April 15, 2019

Last sale price $1,300,000 $1,625 Per Sq Ft

18 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heat Pump System
  • Sunnyslope High School Rated A

About This Home

As of April 2019

Beautful 16 unit property fully leased!, pool surface was replaced 5 years ago (no cracks), new epoxy on cool decking 2019, new pool tools and auto chlorinator replaced 2019, New architectural shingle roof installed 2019, and new exterior paint 2019, New mailbox system installed 2019, updated all exterior lighting to LED 2019, tenant assigned parking with parking pass. 15 of the 16 unit have been updated with new paint, new vinyl plank flooring, new modern light fixtures, and 2.5'' Faux wood blinds. All units have full sized washer and dryers in the unit. Average rent is $782.34 per unit with room to increase. Long term tenants in place, some over 10 years. Listing Agent has a financial interest in the property

Last Agent to Sell the Property

Christopher Davis

HomeSmart License #BR555575000 Listed on: 03/13/2019

HomeSmart

Last Buyer's Agent

Karen Dykstra

Realty ONE Group License #BR655425000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,445

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Legal Lot and Block 7 / 1
  • Assessor Parcel Number 158-21-067

Community Details

Overview

  • 3 Buildings
  • 16 Units
  • Building Dimensions are irregular
  • Idle Ease Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $36,122
  • Gross Income $142,700
  • Net Operating Income $83,233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,445

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 19th Ave and Mountain View Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 3
  • Year Built: 1985
  • Tax Year: 2017
  • Directions: 19th Avenue to Mountain View, East to property.DO NOT DISTURB TENANTS. Front building is address as 1727 back two are 1741. Both addresses included.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 6720.0
  • Subdivision Name: IDLE EASE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • 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: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 4749.0
  • Annual Water Sewer Expense: 7260.0

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 158-21-067

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 16
  • Electric Expense: 2300.0
  • Annual Gross Income: 142699.5
  • Insurance Expense: 3148.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 83233.4
  • Annual Operating Expense: 36122.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5445.0
  • Tax Block: 1
  • Tax Book Number: 158.00
  • Tax Lot: 7

Range of Values:

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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 Change Sq Ft Price
04/15/2019 04/15/19 Sold $1,300,000 -18.8% $1,625 / Sq Ft
03/30/2019 03/30/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $1,600,000 +225.9% $2,000 / Sq Ft
11/08/2013 11/08/13 Sold $491,000 -13.7% $614 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
10/01/2013 10/01/13 For Sale $569,000 -- $711 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5895323

Arizona Regional Multiple Listing Service (ARMLS)