NOT LISTED FOR SALE
7 Beds
5 Baths
-- Sq Ft
1963 Built

Last Sold February 23, 2020

Last sale price $344,500

41 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of February 2020

AMAZING INVESTMENT OPPORTUNITY. This property has a HIGH CAP rate and is located in a sought after OPPORTUNITY ZONE. These zones provide tax benefits to the owner. Property is anchored by 3 one bedroom units and 2 two bedroom units. NEW ROOF. Various upgrades have been performed under current ownership: new paint, appliances in several units and new water heaters in several units.

Come see your next investment opportunity today.

Last Agent to Sell the Property

Christopher Risi

HomeSmart License #SA670706000 Listed on: 12/11/2019

HomeSmart

Last Buyer's Agent

David Montaner

A.Z. & Associates License #SA654828000

A.Z. & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1963

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces

Schools

  • Wilson Elementary School - Phoenix

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water
  • Legal Lot and Block 18 / 1
  • Assessor Parcel Number 116-01-024

Community Details

Overview

  • 5 Units
  • Building Dimensions are 50 x 165
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $18,766
  • Gross Income $49,632
  • Net Operating Income $35,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,079

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 24th Street and Taylor
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Subdivision Name: AVIATION HOMESITES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 2500.0

Schools

  • Elementary School: Wilson Elementary School - Phoenix

Lot Info

  • Lot Size: 50 x 165
  • Additional Parcels: No
  • Parcel #: 116-01-024

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Electric Expense: 10000.0
  • Annual Gross Income: 49632.0
  • Insurance Expense: 1987.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 35000.0
  • Annual Operating Expense: 18766.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1079.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 18
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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 Prior Sale
02/23/2020 02/23/20 Sold $344,500 -6.1% --
01/30/2020 01/30/20 For Sale $367,000 0.0% --
01/30/2020 01/30/20 Price Changed $367,000 -0.5% --
01/20/2020 01/20/20 Pending -- -- --
01/16/2020 01/16/20 Price Changed $369,000 -4.9% --
12/22/2019 12/22/19 Price Changed $388,000 -0.3% --
12/10/2019 12/10/19 For Sale $389,000 +21.9% --
11/29/2018 11/29/18 Sold $319,000 0.0% -- View Prior Sale
11/07/2018 11/07/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $319,000 +155.2% --
07/12/2013 07/12/13 Sold $125,000 -24.2% -- View Prior Sale
07/02/2013 07/02/13 Pending -- -- --
05/25/2013 05/25/13 For Sale $164,880 -- --
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 $1,212 $8,688 -- --
2024 $1,139 $8,275 -- --
2023 $1,139 $42,750 $8,550 $34,200
2022 $1,073 $30,050 $6,010 $24,040
2021 $1,088 $25,230 $5,040 $20,190
2020 $1,084 $21,000 $4,200 $16,800
2019 $1,079 $17,920 $3,580 $14,340
2018 $1,066 $14,470 $2,890 $11,580
2017 $991 $13,150 $2,630 $10,520
2016 $1,015 $9,900 $1,980 $7,920
2015 $943 $8,870 $1,770 $7,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6013247

Arizona Regional Multiple Listing Service (ARMLS)
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