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

Last Sold November 18, 2014

Last sale price $646,000 $808 Per Sq Ft

626 Days on Market

Highlights

  • Cooling Available
  • The Creighton Academy Rated 10
  • Heating Available

About This Home

As of November 2014

Two properties available (1911 N 26th Pl and 2125 N 26th Pl) - Can be sold together or separately - Low Vacancy - Stable Property - Opportunity to purchase two 19 unit buildings with all 2 bedroom, 1 baths located
in a great rental location. Incredibly, these buildings generate a 9% cap rate and
13.4% cash on cash return for the first year estimate. You cannot find this kind of
commercial multi family deal in the current Phoenix market.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 12/28/2012

Coldwell Banker Commercial Realty

Last Buyer's Agent

Nelida Ayala

Orion Investment Real Estate License #SA555019000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,592

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces

Schools

  • Creighton Elementary School
  • North High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 120-29-028

Community Details

Overview

  • 19 Units
  • Building Dimensions are UNK

Building Details

  • Operating Expense $5,592

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,592

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 24TH STREET AND MCDOWELL
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2012
  • Directions: EAST ON MCDOWELL TO 26TH PLACE - NORTH TO PROPERTY
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • 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, None
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: North High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 120-29-028

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 19
  • Annual Operating Expense: 5592.0

Tax Info

  • Tax Annual Amount: 5592.0
  • Tax Book Number: 120.00
  • Tax Lot: 8

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
11/18/2014 11/18/14 Sold $646,000 -7.6% $808 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
12/28/2012 12/28/12 For Sale $699,000 +25.3% $874 / Sq Ft
10/01/2012 10/01/12 Sold $558,000 +1.5% $294 / Sq Ft
09/12/2012 09/12/12 Pending -- -- --
05/14/2012 05/14/12 For Sale $549,900 -- $289 / 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: 4867004

Arizona Regional Multiple Listing Service (ARMLS)