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

Sale Details

Date 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

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

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 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

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 $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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