Seller's Agent in 2020
Craig Young
REI Marketing
(480) 773-2183
14 in this area
156 Total Sales
1846 E Washington St Phoenix, AZ 85034
Central City Neighborhood
Studio
12
Baths
450
Sq Ft
1940
Built
Highlights
- Cooling System Mounted To A Wall/Window
- Phoenix Coding Academy Rated A
- Window Unit Heating System
About This Home
As of November 20201846 is a 12-unit boutique apartment community located off of Washington Street near Downtown Phoenix. Located a short 3 minute drive to the south, Phoenix Sky Harbor International Airport is one of
the largest employers in the Phoenix MSA. Additional employers in the Gateway corridor include FedEx, Honeywell, JP Morgan Chase, Bank of America, Gateway Community college, Waste Management,
Southwest Airlines, American Airlines and more.
Developed in 1940, 1846 is comprised of 8 studio floor-plans, 3 one bedroom floor-plans, and 1 two-bedroom floor-plan averaging 329 square-feet. Current ownership has injected roughly $240,000 of
capital into improvements such as new roofs, new walkways, six new air conditioning units, stucco and paint, select new electrical panels and more. Future ownership will have the opportunity to eliminate the current loss to lease, and implement a utility reimbursement (RUBS) across every unit.
Last Agent to Sell the Property
REI Marketing License #BR107286000 Listed on: 08/29/2020
Last Buyer's Agent
Non-MLS Agent
Non-MLS Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,078
Year Built
- Built in 1940
Home Design
- Block Exterior
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Window Unit Heating System
Listing and Financial Details
- Legal Lot and Block 24 / 39
- Assessor Parcel Number 115-03-074
Community Details
Overview
- 12 Units
- Building Dimensions are 49.12x157.44
- Collins Phoenix Blks 23 26, 17, 27 Subdivision
Building Details
- Operating Expense $37,359
- Gross Income $109,133
- Net Operating Income $72,276
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/04/2024 11/04/24 | Off Market | $845 | -- | -- | |
| 07/23/2024 07/23/24 | Price Changed | $845 | 0.0% | $3 / Sq Ft | |
| 07/19/2024 07/19/24 | For Rent | $845 | 0.0% | -- | |
| 11/30/2020 11/30/20 | Sold | $950,000 | -5.0% | $2,111 / Sq Ft | |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- | |
| 08/27/2020 08/27/20 | For Sale | $1,000,000 | +4.2% | $2,222 / Sq Ft | |
| 03/08/2020 03/08/20 | Sold | $960,000 | -8.6% | $2,133 / Sq Ft | View Prior Sale |
| 10/04/2019 10/04/19 | For Sale | $1,050,000 | +110.0% | $2,333 / Sq Ft | |
| 10/29/2018 10/29/18 | Sold | $500,000 | 0.0% | $1,111 / Sq Ft | View Prior Sale |
| 09/05/2018 09/05/18 | For Sale | $500,000 | -- | $1,111 / 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 | $1,196 | $8,419 | -- | -- |
| 2024 | $1,115 | $8,018 | -- | -- |
| 2023 | $1,115 | $50,900 | $10,180 | $40,720 |
| 2022 | $1,075 | $36,120 | $7,220 | $28,900 |
| 2021 | $1,067 | $28,000 | $5,600 | $22,400 |
| 2020 | $1,080 | $21,720 | $4,340 | $17,380 |
| 2019 | $1,078 | $18,970 | $3,790 | $15,180 |
| 2018 | $1,059 | $15,350 | $3,070 | $12,280 |
| 2017 | $1,035 | $14,530 | $2,900 | $11,630 |
| 2016 | $1,005 | $10,870 | $2,170 | $8,700 |
| 2015 | $930 | $9,030 | $1,800 | $7,230 |
Source: Public Records
Agents Affiliated with this Home
-
Craig Young
-
Dallin Hammond
Seller's Agent in 2020
Dallin Hammond
ABI Multifamily
(602) 714-1400
4 in this area
36 Total Sales
-
N
Buyer's Agent in 2020
Non-MLS Agent
Non-MLS Office
-
Nathan Leidigh
Buyer's Agent in 2020
Nathan Leidigh
Real Broker
(602) 435-1659
68 Total Sales
-
Brad Pickering
Seller's Agent in 2018
Brad Pickering
ABI Multifamily
(602) 332-3900
-
Royce Munroe
R
Buyer Co-Listing Agent in 2018
Royce Munroe
Munroe Multifamily
(480) 221-5449
1 in this area
31 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6124419
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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