NOT LISTED FOR SALE
-- Bed
2 Baths
2,518 Sq Ft
10,019 Sq Ft Lot

Last Sold May 29, 2020

Last sale price $4,470,000 $1,775 Per Sq Ft

214 Days on Market

Highlights

  • Heated Community Pool
  • Central Air
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • Heating Available

About This Home

As of May 2020

Each building of the Modern Retro Living is of single-story block construction with pitched roofs. The fully renovated property features in-suite laundry machines, private patios in select units, extra storage, and covered parking. The community also features attractive resort-style grounds with a large swimming pool and mature landscaping around the property.The units at the Modern Retro Living have been extensively renovated in 2016. They feature modern shaker-style cabinetry with brushed nickel hardware, new countertops with subway tile backsplashes, polished concrete flooring, full-size stainless-steel appliances with dishwashers and built-in microwaves, contemporary bathroom vanities, subway tile shower surrounded with new brushed nickel fixtures, ceiling

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 09/27/2019

Last Buyer's Agent

Ryan Smith

ZENDOOR License #BR659309000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,695

Year Built

  • Built in 1956

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Parking

  • 23 Parking Spaces
  • 23 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer, landscaping, pool/spa maintenance
  • Assessor Parcel Number 119-21-021-E

Community Details

Overview

  • 8 Buildings
  • 23 Units
  • Building Dimensions are 285 x 267

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $104,244
  • Gross Income $335,252
  • Net Operating Income $257,347

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,695

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Indian School & 22nd Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 8
  • Year Built: 1956
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 12840.0
  • Tax Parcel Letter: E
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 23.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 23.0
  • General Property Description:Covered Parking Spcs: 23.0
  • General Property Description:Total Parking Spcs: 23.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 20856.0

Lot Info

  • Lot Size: 285 x 267
  • Additional Parcels: Yes
  • Parcel #: 119-21-021-E

Multi Family

  • Owner Pays: Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Number Of Units Total: 23
  • Electric Expense: 4224.0
  • Annual Gross Income: 335252.15
  • Insurance Expense: 4740.0
  • Maintenance Expense: 5400.0
  • Property Net Operating Income: 257347.0
  • Annual Operating Expense: 104244.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 8695.0
  • Tax Book Number: 119.00
  • Tax Lot: -
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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
05/29/2020 05/29/20 Sold $4,470,000 0.0% $1,775 / Sq Ft
05/01/2020 05/01/20 Off Market $4,470,000 -- --
03/31/2020 03/31/20 Pending -- -- --
10/25/2019 10/25/19 Price Changed $4,554,000 -1.0% $1,809 / Sq Ft
08/30/2019 08/30/19 For Sale $4,600,000 -- $1,827 / 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 $9,586 $70,968 -- --
2024 $9,120 $67,589 -- --
2023 $9,120 $163,850 $39,000 $124,850
2022 $8,762 $145,820 $34,710 $111,110
2021 $8,975 $136,920 $32,590 $104,330
2020 $8,757 $97,310 $23,160 $74,150
2019 $8,695 $77,700 $18,490 $59,210
2018 $8,516 $56,930 $13,550 $43,380
2017 $4,851 $47,620 $11,330 $36,290
2016 $4,663 $40,800 $9,710 $31,090
2015 $4,338 $32,620 $7,760 $24,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5983835

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-21-021H

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