$491,000
SOLD NOV 8, 2013
-- Bed
-- Bath
800 Sq Ft
1985 Built

Recently Sold

$614 Per Sq Ft

14% Below List Price

24 Days on Market

Highlights

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

About This Home

As of April 2019

DO NOT DISTURB TENANTS.SELLER MAY CARRY WITH 30%+ DOWN PAYMENT.CLICK DOCUMENTS TAB FOR MARKETING FLIER. Consisting of 100% spacious 2-bed/1-bath units, the Crestview Apartments offer washers and dryers in most units- amenities not found in surrounding rental communities. The property has pitched composition roofs, copper plumbing, individual metering for electricity, a swimming pool and plenty of open parking.The property is located on West Mountain View Road
one block East of 19th Avenue and just north of the future alignment of the Valley Metro Light Rail. Close to downtown and surrounded by major employers and shopping, these apartment units offer a favorable location and desirable amenities.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 10/01/2013

Last Buyer's Agent

Christopher Davis

HomeSmart License #BR555575000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 1985

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 7
  • Assessor Parcel Number 158-21-067

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • Building Dimensions are irregular
  • Do Not Disturb Tenants. Seller May Carry With 30%+ Down Payment. Click Documents Tab For Flier Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $49,139
  • Gross Income $92,423
  • Net Operating Income $56,334

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,331

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: 19th Avenue to Mountain View, East to property.DO NOT DISTURB TENANTS. SELLER MAY CARRY WITH 30%+ DOWN PAYMENT. CLICK DOCUMENTS TAB FOR MARKETING FLIER.
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 4417.0
  • Subdivision Name: DO NOT DISTURB TENANTS. SELLER MAY CARRY WITH 30%+ DOWN PAYMENT. CLICK DOCUMENTS TAB FOR FLIER
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Metal
  • Roof: Composition
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • 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:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 2262.0
  • Annual Water Sewer Expense: 8043.0

Schools

  • Junior High Dist: Glendale Union High School District

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: Electricity
  • Number Of Units Total: 16
  • Electric Expense: 1076.0
  • Annual Gross Income: 92423.4
  • Insurance Expense: 2800.0
  • Maintenance Expense: 18413.0
  • Property Net Operating Income: 56334.0
  • Annual Operating Expense: 49139.22
  • Vacancy Allowance Rate: 0.07

Tax Info

  • Tax Annual Amount: 4331.22
  • 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: 5012052

Arizona Regional Multiple Listing Service (ARMLS)