$880,000
SOLD AUG 10, 2018

210 E Illini St Phoenix, AZ 85040

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

Recently Sold

$1,956 Per Sq Ft

11% Below List Price

31 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of August 2018

PROVEN 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

Last Buyer's Agent

Carlos Enriquez

HomeSmart License #SA530819000

HomeSmart

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,497

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: 2017
  • Directions: North from Broadway to Illini, East to Property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 10100.0
  • Subdivision Name: JOBE TRACT
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 32.0
  • Total Parking Spaces: 32.0
  • General Property Description:Uncvrd Parking Spcs: 32.0
  • General Property Description:Total Parking Spcs: 32.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: 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
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 2500.0
  • Trash Expense: 5200.0
  • Annual Water Sewer Expense: 9600.0

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
  • Number Of Units Total: 16
  • Electric Expense: 3000.0
  • Annual Gross Income: 123120.0
  • Insurance Expense: 4800.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 78823.0
  • Annual Operating Expense: 44297.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2497.0
  • Tax Book Number: 113.00
  • Tax Lot: 9

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

    1 in this area

    87 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: 5768911

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 $880,000, approximately $1,955 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

Nearby Homes