M
Seller's Agent in 2018
Maria Kovrig
ESM Properties LLC
210 E Illini St Phoenix, AZ 85040
South Mountain Neighborhood
31
Beds
1
Bath
450
Sq Ft
1946
Built
Highlights
- Central Air
- Phoenix Coding Academy Rated A
- Heating System Uses Natural Gas
About This Home
As of August 2018PROVEN UPSIDE POTENTIAL! Exciting opportunity to own 16 two-bedroom apartments in 12 detached buildings on over an acre of land. Located approximately one mile from downtown Phoenix. Sellers have renovated 7 units and raised rents from $600 to $850 per month! 14 of the units are occupied while 2 have been vacated for future renovation. Strong demand in the area and tremendous rental upside has been proven. Ample parking with 32 stalls at the center of the project and 4 at the front. Most units individually metered for electricity. Priced to sell at under $62K per unit! If you've been looking for a property with upside, this is it! PLEASE DO NOT DISTURB TENANTS – CONTACT LISTING AGENT FOR SHOWING.
Last Agent to Sell the Property
Maria Kovrig
ESM Properties LLC License #BR510121000 Listed on: 05/20/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,497
Year Built
- Built in 1946
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 32 Open Parking Spaces
- 32 Parking Spaces
Schools
- Cesar Chavez High Elementary School
- Percy L Julian Middle School
- South Mountain High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 9
- Assessor Parcel Number 113-11-029
Community Details
Overview
- 12 Buildings
- 16 Units
- Building Dimensions are 49223
- Jobe Tract Subdivision
Building Details
- Operating Expense $44,297
- Gross Income $123,120
- Net Operating Income $78,823
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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 |
|---|---|---|---|---|---|
| 08/10/2018 08/10/18 | Sold | $880,000 | -10.7% | $1,956 / Sq Ft | |
| 07/07/2018 07/07/18 | Price Changed | $985,000 | 0.0% | $2,189 / Sq Ft | |
| 06/19/2018 06/19/18 | Pending | -- | -- | -- | |
| 05/19/2018 05/19/18 | For Sale | $985,000 | +36.8% | $2,189 / Sq Ft | |
| 12/06/2016 12/06/16 | Sold | $720,000 | -0.7% | $1,600 / Sq Ft | View Prior Sale |
| 09/12/2016 09/12/16 | For Sale | $725,000 | +45.0% | $1,611 / Sq Ft | |
| 03/31/2016 03/31/16 | Sold | $500,000 | -9.1% | $1,111 / Sq Ft | View Prior Sale |
| 03/07/2016 03/07/16 | Pending | -- | -- | -- | |
| 11/12/2015 11/12/15 | For Sale | $550,000 | +80.7% | $1,222 / Sq Ft | |
| 07/02/2013 07/02/13 | Sold | $304,400 | -17.3% | $676 / Sq Ft | View Prior Sale |
| 05/13/2013 05/13/13 | Pending | -- | -- | -- | |
| 04/23/2013 04/23/13 | For Sale | $368,000 | -- | $818 / 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 | $2,955 | $19,596 | -- | -- |
| 2024 | $2,797 | $18,663 | -- | -- |
| 2023 | $2,797 | $104,020 | $20,800 | $83,220 |
| 2022 | $2,741 | $89,650 | $17,930 | $71,720 |
| 2021 | $2,796 | $83,260 | $16,650 | $66,610 |
| 2020 | $2,762 | $66,680 | $13,330 | $53,350 |
| 2019 | $2,672 | $62,180 | $12,430 | $49,750 |
| 2018 | $2,601 | $50,910 | $10,180 | $40,730 |
| 2017 | $2,479 | $36,660 | $7,330 | $29,330 |
| 2016 | $2,357 | $24,220 | $4,840 | $19,380 |
| 2015 | $2,219 | $25,180 | $5,030 | $20,150 |
Source: Public Records
Agents Affiliated with this Home
-
-
Carlos Enriquez
Buyer's Agent in 2018
Carlos Enriquez
HomeSmart
(602) 691-7705
1 in this area
45 Total Sales
-
Sophia Baron
Seller's Agent in 2016
Sophia Baron
Get Multifamily
(480) 375-0227
2 in this area
78 Total Sales
-
Baylee Estrada
B
Seller Co-Listing Agent in 2016
Baylee Estrada
Keller Williams Arizona Realty
(480) 688-8444
-
Michelle Hoogendoorn
Buyer's Agent in 2016
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
(480) 829-3460
2 in this area
14 Total Sales
-
Arturo Rubi
A
Seller's Agent in 2013
Arturo Rubi
Rubi Realty
4 in this area
24 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5768911
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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