$720,000
SOLD DEC 6, 2016

210 E Illini St Phoenix, AZ 85040

South Mountain Neighborhood
-- Bed
-- Bath
450 Sq Ft
1946 Built

Recently Sold

$1,600 Per Sq Ft

1% Below List Price

38 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of August 2018

WOW!!! Bring your offer's now this is a cash cow!!! About a 10% cap. This proerty has 15 2 bedrooms and 1 bedroom unit. Seller pays utilities but it is individually metered. Property has new stucco and paint for a nicer finish. This property has new roofs new ac units and parking lot has just been repaved. Washer and dryer bring in 350 a month and is seller owned units. Onsite manager get's 200 torwards there unit. All facts and figures are approximate buyer verify MLS info.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 09/13/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,219

Year Built

  • Built in 1946

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Schools

  • Cesar Chavez High Elementary School
  • Percy L Julian Middle School
  • South Mountain High School

Utilities

  • Evaporated cooling system
  • 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 $45,232
  • Gross Income $118,560
  • Net Operating Income $75,547

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,219

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: CENTRAL AND BROADWAY
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R34
  • Number Of Buildings: 12
  • Year Built: 1946
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: JOBE TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Master Meter
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 8000.0
  • Annual Water Sewer Expense: 8000.0

Schools

  • Elementary School: Cesar Chavez High School
  • High School: South Mountain High School
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 49223
  • Additional Parcels: No
  • Parcel #: 113-11-029

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 16
  • Electric Expense: 14000.0
  • Annual Gross Income: 118560.0
  • Insurance Expense: 2794.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 75547.0
  • Annual Operating Expense: 45232.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2219.0
  • Tax Book Number: 113.00
  • Tax Lot: 9

Range of Values:

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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
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
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
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Maria Kovrig

    ESM Properties LLC

    Section Image
  • Carlos Enriquez

    Buyer's Agent in 2018

    Carlos Enriquez

    HomeSmart

    (602) 691-7705

    1 in this area

    45 Total Sales

    Section Image
  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Grace CRE

    (480) 375-0227

    2 in this area

    88 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Section Image
  • Michelle Hoogendoorn

    Buyer's Agent in 2016

    Michelle Hoogendoorn

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 829-3460

    2 in this area

    18 Total Sales

    Section Image

  • A

    Seller's Agent in 2013

    Arturo Rubi

    Rubi Realty

    6 in this area

    27 Total Sales

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5496383

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85040 South Mountain

210 E Illini St, Phoenix, AZ

This home is located at 210 E Illini St, Phoenix, AZ 85040 and is currently priced at $720,000, approximately $1,600 per square foot. This property was built in 1946. 210 E Illini St is a home located in Maricopa County with nearby schools including Cesar E Chavez Community School, South Mountain High School, and Phoenix Coding Academy.

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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