NOT LISTED FOR SALE
10 Beds
6 Baths
3,325 Sq Ft
1970 Built

Last Sold August 10, 2015

Last sale price $260,000 $78 Per Sq Ft

49 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of August 2015

GREAT INVESTMENT OPPORTUNITY IN A GREAT RENTAL AREA. CLOSE TO FREEWAYS, AIRPORT SHOPPING AND PARKS. STABLE TENANTS THAT HAVE BEEN THERE FOR YEARS. COVERED PARKING, STORAGE AND LAUNDRY ROOM FOR EXTRA INCOME. All UNITS ARE AIR CONDITIONED, AND HAVE STOVE & REFRIGERATOR. OWNER ALSO PAYS FOR ELECTRIC TO COMMON AREAS AND THE SMALL 1 BEDROOM (UNIT 5).

Last Agent to Sell the Property

Tammy Gonzales

Desert Paradise Realty & Mgmt License #SA581956000 Listed on: 06/03/2015

Co-Listed By

Bridget Bellavigna

Desert Paradise Realty & Mgmt License #BR539315000

Last Buyer's Agent

Joshua Roubal

Dwellings Realty Group License #SA555438000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,821

Year Built

  • Built in 1970

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Schools

  • Griffith Elementary School
  • Camelback High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 126-21-040

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 103x116x110x116
  • Deb Lin Villa Subdivision

Building Details

  • Operating Expense $21,721
  • Gross Income $31,863
  • Net Operating Income $10,319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,821

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: McDowell and 48th Street
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: dprp01
  • Co List Office Phone: 602-538-4347
  • Subdivision Name: DEB-LIN VILLA
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, 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

  • Total Covered Spaces: 4.0
  • Parking Features: Other (See Remarks), Paved Parking, Assigned, Add'l Parking Avail, 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP
  • Cooling: Other, See Remarks, Individual, Heat Pump, Electric, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Other, See Remarks, Individual, Heat Pump, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 4400.0

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Griffith Elementary School

Lot Info

  • Lot Size: 103x116x110x116
  • Additional Parcels: No
  • Parcel #: 126-21-040

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 5
  • Electric Expense: 3000.0
  • Annual Gross Income: 31863.0
  • Insurance Expense: 3600.0
  • Maintenance Expense: 2800.0
  • Property Net Operating Income: 10319.0
  • Annual Operating Expense: 21721.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1821.0
  • Tax Book Number: 126.00
  • Tax Lot: 1

Range of Values:

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Value Increase
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Adjusted for Inflation
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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
08/10/2015 08/10/15 Sold $260,000 -8.8% $78 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $285,000 -- $86 / 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: 5289932

Arizona Regional Multiple Listing Service (ARMLS)