NOT LISTED FOR SALE
5 Beds
8 Baths
532 Sq Ft
1948 Built

Last Sold October 03, 2014

Last sale price $200,000 $376 Per Sq Ft

33 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of October 2014

This beautifully remodeled 8-plex boasts new exteriors and interiors including new plumbing and electrical. During the remodel it was also separately metered! It is currently fully rented and could be your next cash cow! Pro Forma'd based on current rent rolls at just above a 10 cap. The major items have been added/updated recently so no big expenses on this investment in the near future.

Last Agent to Sell the Property

Bryan Schlueter

Midland Real Estate Alliance License #SA652455000 Listed on: 08/07/2014

Last Buyer's Agent

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $465

Year Built

  • Built in 1948

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 33
  • Assessor Parcel Number 116-01-039

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are 75x166
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $7,473
  • Gross Income $37,810
  • Net Operating Income $28,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$465

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 24th St and Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-4
  • Number Of Buildings: 4
  • Year Built: 1948
  • Tax Year: 2013
  • Directions: Head south on 24th st from Roosevelt and take a right on Fillmore St. Property will be on the Left.
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: Aviation Homesites
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Individual, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3840.0

Lot Info

  • Lot Size: 75x166
  • Additional Parcels: No
  • Parcel #: 116-01-039

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 8
  • Annual Gross Income: 37810.0
  • Insurance Expense: 1248.0
  • Maintenance Expense: 960.0
  • Property Net Operating Income: 28137.0
  • Annual Operating Expense: 7473.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 465.0
  • Tax Book Number: 116.00
  • Tax Lot: 33

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 List to Sale Price per Sq Ft Prior Sale
10/03/2014 10/03/14 Sold $200,000 -25.9% $376 / Sq Ft
09/09/2014 09/09/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $270,000 +262.4% $508 / Sq Ft
08/31/2012 08/31/12 Sold $74,500 0.0% $140 / Sq Ft View Prior Sale
08/17/2012 08/17/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $74,500 -- $140 / 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: 5154770

Arizona Regional Multiple Listing Service (ARMLS)