NOT LISTED FOR SALE
9 Beds
5 Baths
1,300 Sq Ft
1960 Built

Last Sold September 27, 2016

Last sale price $260,000 $200 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of September 2016

Clean 5 plex in Central Phoenix. Good rental area. Property consists of : one building with four 2 bedroom 1 bath units paying $550 each and (unit # 1829) a 1 bedroom 1 bath unit paying $450. All units are rented and have tile flooring throughout, gas stoves, refrigerator and individual A/C units. Tenancy history varies from 5 months to 10 years, some have one year leases others are month to month. All tenants would like to stay. Unit #1827 is a little bigger than the other 2 bedroom units, has granite counter tops in kitchen, bigger gas range/stove, stainless steel refrigerator and solar water heater. Owner occupied this unit as a second home. Property has parking in front of the building as well as private parking in the back of the units accessible from east side of building.

Last Agent to Sell the Property

Liza Drake

West USA Realty License #SA036578000 Listed on: 09/07/2016

West USA Realty

Last Buyer's Agent

Liza Drake

West USA Realty License #SA036578000 Listed on: 09/07/2016

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,570

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • On-Street Parking

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 40
  • Assessor Parcel Number 117-06-043-C

Community Details

Overview

  • 5 Units
  • Building Dimensions are irr
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Gross Income $114,240
  • Net Operating Income $19,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,570

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 16th St. and Thomas Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2015
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Tax Parcel Letter: C
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • 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: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1700.0
  • Annual Water Sewer Expense: 1200.0

Schools

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

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 117-06-043-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 5
  • Annual Gross Income: 114240.0
  • Insurance Expense: 1645.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 19775.0
  • Vacancy Allowance Rate: 5.0

Tax Info

  • Tax Annual Amount: 1570.0
  • Tax Book Number: 117.00
  • Tax Lot: 40
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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 List to Sale Price per Sq Ft
09/27/2016 09/27/16 Sold $260,000 -5.1% $200 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $274,000 -- $211 / 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 $2,055 $15,218 -- --
2024 $1,956 $14,493 -- --
2023 $1,956 $70,910 $14,180 $56,730
2022 $1,879 $52,860 $10,570 $42,290
2021 $1,925 $41,130 $8,220 $32,910
2020 $1,878 $35,110 $7,020 $28,090
2019 $1,865 $29,130 $5,820 $23,310
2018 $1,826 $25,370 $5,070 $20,300
2017 $1,756 $21,580 $4,310 $17,270
2016 $1,688 $18,220 $3,640 $14,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5494294

Arizona Regional Multiple Listing Service (ARMLS)