NOT LISTED FOR SALE

2231 E Taylor St Phoenix, AZ 85006

Central City Neighborhood
6 Beds
-- Bath
-- Sq Ft
1958 Built

Last Sold November 15, 2023

Last sale price $685,000

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2023

This upgraded 5-unit property offers day one cash-flow and nearly a 7% cap rate on actuals! Major upgrades have been done to the bones of the property, including a recent replacement of the main sewer line. Cosmetic upgrades include but are not limited to new flooring, interior & exterior paint, kitchen cabinets & countertops, and bathroom tiles & vanities. The property is well managed with government-assisted tenants on annual leases at market rates. Individually metered for electric. Located in an Opportunity Zone near Phoenix Sky Harbor Airport, downtown Phoenix, and I-10 & Loop 202 freeways. To learn more about City of Phoenix Opportunity Zones go to https://www.phoenix.gov/econdev/opportunity-zones. Drive-by only. Please do not disturb tenants.

Last Listed By

Colin Kreager

ABI Multifamily License #SA693849000 Listed on: 08/25/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,893

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 31 / 2
  • Assessor Parcel Number 116-01-073

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are Rectangular
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $17,743
  • Gross Income $65,265
  • Net Operating Income $47,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,893

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 24th Street and Taylor
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3000.0
  • Subdivision Name: AVIATION HOMESITES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: City Electric, Individual Meter
  • 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

  • Annual Water Sewer Expense: 4500.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Rectangular
  • Additional Parcels: No
  • Parcel #: 116-01-073

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 5
  • Annual Gross Income: 65265.0
  • Insurance Expense: 2250.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 47898.0
  • Annual Operating Expense: 17743.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1893.0
  • Tax Block: 2
  • Tax Book Number: 116.00
  • Tax Lot: 31

Range of Values:

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List Price
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
11/15/2023 11/15/23 Sold $685,000 -1.4% --
10/26/2023 10/26/23 Price Changed $695,000 0.0% --
09/19/2023 09/19/23 For Sale $695,000 0.0% --
08/29/2023 08/29/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $695,000 +11.2% --
03/25/2022 03/25/22 Price Changed $625,000 -2.3% --
03/24/2022 03/24/22 Sold $640,000 +2.4% --
03/24/2022 03/24/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $625,000 +43.7% --
05/22/2020 05/22/20 Sold $435,000 0.0% --
04/15/2020 04/15/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $435,000 +34.3% --
07/16/2019 07/16/19 Sold $324,000 -1.8% --
07/02/2019 07/02/19 Pending -- -- --
07/01/2019 07/01/19 Price Changed $329,900 0.0% --
06/12/2019 06/12/19 For Sale $330,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Colin Kreager

    Seller's Agent in 2023

    Colin Kreager

    ABI Multifamily

    (602) 714-1400

    3 in this area

    14 Total Sales

    Colin Kreager
    Section Image
  • Sonya Buerger

    Buyer's Agent in 2023

    Sonya Buerger

    HomeSmart

    (480) 322-0155

    4 in this area

    90 Total Sales

    Sonya Buerger
    Section Image
  • Patrick O'Sullivan

    Seller's Agent in 2022

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    4 in this area

    30 Total Sales

    Patrick O'Sullivan
    Section Image
  • Matthew Khalil

    Buyer's Agent in 2022

    Matthew Khalil

    Kenneth James Realty

    (916) 770-6120

    3 in this area

    125 Total Sales

    Matthew Khalil
    Section Image

  • D

    Seller's Agent in 2020

    Daniel Torres

    Gentry Real Estate

    (480) 750-9910

    1 in this area

    7 Total Sales

    Daniel Torres
    Section Image
  • Janet Love

    Buyer's Agent in 2020

    Janet Love

    Get Multifamily

    (480) 369-2369

    3 in this area

    15 Total Sales

    Janet Love
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6597018

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85006 Central City

2231 E Taylor St, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2231 E Taylor St, Phoenix, AZ 85006 since 25 August 2023. This property was built in 1958. 2231 E Taylor St is a home located in Maricopa County with nearby schools including Wilson Primary School, Wilson Elementary School, and North High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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