Seller's Agent in 2017
Ryan Smith
ZENDOOR
(602) 566-7203
210 E Jones Ave Phoenix, AZ 85040
South Mountain Neighborhood
15
Beds
13
Baths
3,150
Sq Ft
1946
Built
Highlights
- Multiple cooling system units
- Cesar E Chavez Community School Rated 9+
- Heating System Uses Natural Gas
About This Home
As of May 2017Motivated seller and priced to sell! This 12-unit property is a consistent cash flow opportunity with several long-term tenants. The property includes 10 one-bedroom units, a two-bedroom / one-bathroom house, and a three-bedroom / two-bathroom house. 210 East Jones Avenue has newer roofs, newer plumbing, and the owner recently added covered parking. Additionally, the exterior plumbing line was replaced under the current ownership. The property boasts an in-place CAP rate of 9.04% with the ability to raise operations to a 9.68% CAP based off proforma projections. The owner currently provides free rent to one unit where the property manager/ maintenance man resides. He is willing to stay on board and continue if the new owner decides to maintain this arrangement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,919
Year Built
- Built in 1946
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 8 Open Parking Spaces
- 14 Parking Spaces
- 6 Covered Spaces
Lot Details
- Additional Parcels
Utilities
- Multiple cooling system units
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
Listing and Financial Details
- The owner pays for trash collection, water, sewer, landscaping
- Legal Lot and Block 15 / A
- Assessor Parcel Number 113-11-015
Community Details
Overview
- 4 Buildings
- 12 Units
- Building Dimensions are 24,842 SF
- Eleven Palms Blk B, C Subdivision
Building Details
- Operating Expense $34,308
- Net Operating Income $40,642
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 26, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0631%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
0.028%
Mortgage Type
Commercial
Purchase Details
Listed on
May 2, 2017
Closed on
May 26, 2017
Sold by
Bought by
Seller's Agent
Ryan Smith
ZENDOOR
Buyer's Agent
Ryan Smith
ZENDOOR
List Price
$420,000
Sold Price
$372,000
Premium/Discount to List
-$48,000
-11.43%
Purchase Details
Closed on
Mar 31, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0557%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | Kensington Vanguard National L | ||
| $1,200,000 | Chicago Title Agency Inc | ||
| $372,000 | Fidelity National Title Agen | ||
| $275,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,000,000 | ||
| Previous Owner | $1,050,000 | ||
| Previous Owner | $200,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/26/2017 05/26/17 | Sold | $372,000 | -11.4% | $118 / Sq Ft |
| 05/02/2017 05/02/17 | For Sale | $420,000 | -- | $133 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,016 | $13,371 | ||
| 2024 | $1,908 | $12,734 | ||
| 2023 | $1,908 | $61,590 | $4,730 | $56,860 |
| 2022 | $1,870 | $42,190 | $3,240 | $38,950 |
| 2021 | $1,908 | $35,250 | $2,710 | $32,540 |
| 2020 | $1,884 | $30,040 | $2,310 | $27,730 |
| 2019 | $1,823 | $30,570 | $2,350 | $28,220 |
| 2018 | $1,774 | $22,320 | $1,710 | $20,610 |
| 2017 | $1,691 | $19,680 | $1,510 | $18,170 |
| 2016 | $1,608 | $17,560 | $1,350 | $16,210 |
| 2015 | $1,514 | $13,980 | $1,070 | $12,910 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Smith
-
J Bax
Buyer Co-Listing Agent in 2017
J Bax
ABI Multifamily
(480) 500-0808
2 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5599080
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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