NOT LISTED FOR SALE

208 E Virginia Ave Phoenix, AZ 85004

Alvarado Historic District Neighborhood
10 Beds
7 Baths
2,350 Sq Ft
1961 Built

Last Sold February 10, 2016

Last sale price $550,000 $234 Per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Concrete Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of February 2016

WOW amazing location in central Phoenix!!! Amazing value add in such a great location!!!! Seller is motivated bring your offer's now!!! The current rents for the ones are 550 and the two bedroom for 650 and 3 bedroom for 700. This a great value add for raising the rents in this location. Way below market rents. If you remodel units you can raise rents! Almost a 9% cap on proforma rents. This location can't be beat! Seller may carry as well. All facts and figures are approximate buyer verify MLS info. Drive by only

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 02/10/2016

Last Buyer's Agent

Sophia Willets

Grace CRE License #BR648866000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1961

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Schools

  • Encanto Elementary School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 118-44-095

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 11,610

Building Details

  • Operating Expense $18,854
  • Gross Income $57,570
  • Net Operating Income $46,623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,377

Year Built

Built in 1961

Listing Details

  • Cross Street: 3rd St. and Central
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Year Built: 1961
  • Tax Year: 2014
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 3000.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete, Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Shutters2: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 3500.0

Schools

  • Elementary School: Encanto School

Lot Info

  • Lot Size: 11,610
  • Additional Parcels: No
  • Parcel #: 118-44-095

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 7
  • Electric Expense: 600.0
  • Annual Gross Income: 57570.0
  • Insurance Expense: 2200.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 46623.0
  • Annual Operating Expense: 18854.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2377.0
  • Tax Book Number: 118.00
  • Tax Lot: 1
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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
02/10/2016 02/10/16 Sold $550,000 0.0% $234 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $550,000 -- $234 / 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 $3,204 $24,676 -- --
2024 $2,991 $23,501 -- --
2023 $2,991 $116,330 $23,260 $93,070
2022 $2,975 $79,780 $15,950 $63,830
2021 $3,025 $66,110 $13,220 $52,890
2020 $2,949 $62,820 $12,560 $50,260
2019 $2,821 $51,210 $10,240 $40,970
2018 $2,728 $39,560 $7,910 $31,650
2017 $2,504 $33,960 $6,790 $27,170
2016 $2,416 $34,520 $6,900 $27,620
2015 $2,246 $26,260 $5,250 $21,010
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Get Multifamily

    (480) 375-0227

    78 Total Sales

    Sophia Baron
    Section Image

  • S

    Buyer's Agent in 2016

    Sophia Willets

    Grace CRE

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5396736

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85004 Alvarado Historic District

208 E Virginia Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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