NOT LISTED FOR SALE

1810 N 26th Place Phoenix, AZ 85008

23 Beds
11 Baths
2,600 Sq Ft
1960 Built

Last Sold February 15, 2019

Last sale price $900,000 $346 Per Sq Ft

134 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • The Creighton Academy Rated 9+

About This Home

As of February 2019

Great Cash Flow and 100% Occupied!
Perfect Unit Mix consists of Five-3 Bedroom Units, Four 2 Bedroom Units and Two-1 Bedroom Units, .
Commuters Dream Location! Centrally Located and Close to Freeways, Shopping, Restaurants, Entertainment and Services!
$87k per year in Rents and offered at an 5.68% Cap Rate!! Only 3 tenants remain on leases. 8 of the tenants are month to month and eligible for Market Rent Increases! Quickly this property is at a 7.07% Cap Rate when all units go up an EZ $100 per month.

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 09/20/2018

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

Stephen Fourie

HomeSmart License #SA031232000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,073

Year Built

  • Built in 1960

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Free Parking

Schools

  • Creighton Elementary School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 27
  • Assessor Parcel Number 120-29-047

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are irregular
  • Sunset Acres Subdivision

Building Details

  • Operating Expense $22,193
  • Gross Income $87,541
  • Net Operating Income $53,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,073

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 26th Pl & MCDOWELL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2017
  • Directions: North on 26th Place from McDowell to property
  • Road Surface Type: Asphalt, Private Street
  • Professional Management Expense: 5000.0
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: SUNSET ACRES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 8439.0

Schools

  • Elementary School: Creighton Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 120-29-047

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 11
  • Electric Expense: 203.0
  • Annual Gross Income: 87541.0
  • Insurance Expense: 4102.0
  • Maintenance Expense: 1376.0
  • Property Net Operating Income: 53941.0
  • Annual Operating Expense: 22193.0

Tax Info

  • Tax Annual Amount: 3073.0
  • Tax Book Number: 120.00
  • Tax Lot: 27

Range of Values:

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Average Value
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List Price
Sold Price
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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
02/15/2019 02/15/19 Sold $900,000 -5.2% $346 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
09/20/2018 09/20/18 For Sale $949,000 +35.2% $365 / Sq Ft
07/14/2017 07/14/17 Sold $702,000 -6.3% $270 / Sq Ft
06/02/2017 06/02/17 Pending -- -- --
03/08/2017 03/08/17 Price Changed $749,000 -5.8% $288 / Sq Ft
02/02/2017 02/02/17 For Sale $795,000 +35.9% $306 / Sq Ft
08/28/2015 08/28/15 Sold $585,000 -10.0% $225 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
08/08/2014 08/08/14 For Sale $650,000 +282.4% $250 / Sq Ft
04/12/2012 04/12/12 Sold $170,000 -8.1% $67 / Sq Ft
04/01/2012 04/01/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $185,000 -- $73 / 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: 5822630

Arizona Regional Multiple Listing Service (ARMLS)