NOT LISTED FOR SALE
28 Beds
-- Bath
1,450 Sq Ft
1981 Built

Sale Details

Date Sold: April 12, 2016

Last sale price $1,600,000 $1,103 Per Sq Ft

44 Days on Market

Highlights

  • Cooling Available
  • Resident Manager or Management On Site
  • No Heating
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of April 2016

PLEASE DO NOT WALK PROPERTY WITHOUT AN APPOINTMENT. Well maintained building with a new roof, new exterior paint, security screens, onsite laundry, refurbished kitchens, leasing office, owner storage, beautiful low maintenance/water usage landscaping. If you are looking for a turn key property, this is the one for you. Current owner has owned the property for about 5 years and has kept the property in top shape. 14 of the 24 units have tenants that have been there for over two years.Great location. Minutes to Downtown Phoenix and it venues to include US Airways Center, Arizona State University, Chase Field, The University of Arizona College of Medicine - Phoenix, and much more. Located within a mile from three major highways, SR51, Loop 202, and I10. Walking distance to bus stop.

Last Agent to Sell the Property

Brian Gaffney

Better Homes & Gardens Real Estate SJ Fowler License #BR536606000 Listed on: 02/17/2016

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Joshua Ax

Caldwell Property Solutions, Inc License #SA653368000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,146

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 12 Open Parking Spaces
  • 36 Parking Spaces
  • 24 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • No Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 120-20-048-C

Community Details

Overview

  • 24 Units
  • Building Dimensions are 89 X 268

Building Details

  • Operating Expense $79,486
  • Gross Income $206,682
  • Net Operating Income $127,316

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,146

Year Built

Built in 1981

Listing Details

  • Cross Street: 32ND ST & THOMAS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 10340.0
  • Tax Parcel Letter: C
  • 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, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 24.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 36.0
  • General Property Description:Covered Parking Spcs: 24.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 36.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: Manager Res/Office, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Community Amenities:Manager ResOffice: Yes

Fee Information

  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 9600.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 89 X 268
  • Additional Parcels: No
  • Parcel #: 120-20-048-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks
  • Number Of Units Total: 24
  • Electric Expense: 30300.0
  • Annual Gross Income: 206682.0
  • Insurance Expense: 3500.0
  • Maintenance Expense: 14400.0
  • Property Net Operating Income: 127316.0
  • Annual Operating Expense: 79486.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7146.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,060,000
Interest Rate
0.027%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 26, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
0.038%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 17, 2016
Closed on
Apr 6, 2016
Sold by
Bought by
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Joshua Ax
Caldwell Property Solutions, Inc
List Price
$1,750,000
Sold Price
$1,600,000
Premium/Discount to List
-$150,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
0.0362%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2011
Sold by
Bought by

Purchase Details

Closed on
May 18, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
0.0705%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
0.057%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
0.0606%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 5, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,175,000 Chicago Title Insurance Co
$1,940,000 Old Republic Title Agency
$1,600,000 Old Republic Title Agency
-- Accommodation
$374,000 Chicago Title
-- Accommodation
$1,350,000 Chicago Title Insurance Co
$1,185,000 Stewart Title & Trust Of Pho
$890,000 Fidelity National Title
$612,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,060,000
Previous Owner $1,650,000
Previous Owner $1,040,000
Previous Owner $800,000
Previous Owner $335,000
Previous Owner $667,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/12/2016 04/12/16 Sold $1,600,000 -8.6% $1,103 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $1,750,000 -- $1,207 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,356 $69,264
2024 $8,901 $65,966
2023 $8,901 $331,860 $66,370 $265,490
2022 $8,551 $250,350 $50,070 $200,280
2021 $8,760 $184,800 $36,960 $147,840
2020 $8,546 $151,950 $30,390 $121,560
2019 $8,486 $115,610 $23,120 $92,490
2018 $8,312 $90,920 $18,180 $72,740
2017 $7,991 $82,820 $16,560 $66,260
2016 $7,682 $73,300 $14,660 $58,640
2015 $7,146 $61,380 $12,270 $49,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5400015

Arizona Regional Multiple Listing Service (ARMLS)
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