NOT LISTED FOR SALE
17 Beds
-- Bath
825 Sq Ft
1953 Built

Last Sold November 09, 2023

Last sale price $2,510,000 $3,042 Per Sq Ft

22 Days on Market

About This Home

As of November 2023

This 32-unit apartment project on ±1.14 acres is centrally located, with excellent freeway access and many nearby amenities. This property is an excellent value add opportunity or a prime candidate for redevelopment. Currently, 7 units are rented and habitable, with the remaining units with various levels of disrepair and fire damage. The sale is subject to bankruptcy court approval. Auction is scheduled on November 1, 2023 at 1:30 pm, location United States Bankruptcy Court for the District of Arizona, 230 N. First Avenue, Courtroom 702, Phoenix, Arizona 85003.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 08/29/2023

Co-Listed By

Blake Mallery

Compass License #SA680838000

Last Buyer's Agent

Richard Arambula

Russ Lyon Sotheby's International Realty License #SA021179000

Russ Lyon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,995

Year Built

  • Built in 1953

Parking

  • Paved Parking

Home Design

  • Block Exterior
  • Stucco

Additional Features

  • Additional Parcels
  • Cooling Available

Listing and Financial Details

  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 116-01-054-A

Community Details

Overview

  • 5 Buildings
  • 32 Units
  • Building Dimensions are See tax assessor
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $2,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,995

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: Indian School Rd and 24th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1953
  • Tax Year: 2022
  • Directions: Van Buren east to 21st Street north 1 block to Polk East on Polk to apartment
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: AVIATION HOMESITES
  • Tax Parcel Letter: A
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved
  • Attached Garage: No
  • Parking Features:Paved2: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: See Remarks
  • Cooling Y N: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: See tax assessor
  • Additional Parcels: Yes
  • Parcel #: 116-01-054-A

Multi Family

  • Owner Pays: Other, See Remarks
  • Number Of Units Total: 32
  • Annual Operating Expense: 2995.0

Tax Info

  • Tax Annual Amount: 2995.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 10

Range of Values:

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Average Value
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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
11/09/2023 11/09/23 Sold $2,510,000 +6.8% $3,042 / Sq Ft
10/05/2023 10/05/23 For Sale $2,350,000 0.0% $2,848 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $2,350,000 +6.8% $2,848 / Sq Ft
08/30/2019 08/30/19 Sold $2,200,000 0.0% $2,667 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $2,200,000 +388.9% $2,667 / Sq Ft
10/21/2014 10/21/14 Sold $450,000 -9.8% $545 / Sq Ft
08/03/2014 08/03/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $499,000 -- $605 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6598333

Arizona Regional Multiple Listing Service (ARMLS)