NOT LISTED FOR SALE

2242 E Taylor St Unit 5 Phoenix, AZ 85006

Central City Neighborhood
11 Beds
5 Baths
1,572 Sq Ft
1944 Built

Last Sold August 10, 2018

Last sale price $257,000 $163 Per Sq Ft

60 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of August 2018

GREAT CAP RATE, ALL UNITS RENTED, low vacancy area!! Fantastic location close to the airport, light rail and downtown Phoenix. Investor has done all of the heavy lifting. New electric panels/ 2 yrs old, hot water heaters/3 yrs old, NEW 2 ton A/C units. Investor has also done minor updates to the interiors as leases expire. New leases include 6% escalator clause. Anchored by (2) 3BR/1BA, (2) 2BR/1BA & (1) 1BR/1BA. On a large lot with ample off-street parking as the property is fenced..10 spots!! Lots of development in this area. Best multi-unit property value in the Phoenix area

Last Agent to Sell the Property

Emily Weaver

Open House Realty License #SA668881000 Listed on: 05/25/2018

Last Buyer's Agent

Rachel Krill

Real Broker License #BR559282000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $893

Year Built

  • Built in 1944

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 37 / 1
  • Assessor Parcel Number 116-01-043

Community Details

Overview

  • 5 Units
  • Building Dimensions are 9687
  • Aviation Homesites Subdivision

Building Details

  • Operating Expense $4,842
  • Gross Income $37,306
  • Net Operating Income $33,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$893

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Cross Street: 24th St & Taylor St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1944
  • Tax Year: 2017
  • Directions: Traveling eastbound on I-10 exit 24th St, head South, turn right heading West on Taylor St to the property.
  • Road Surface Type: Asphalt
  • Subdivision Name: AVIATION HOMESITES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Central A/C
  • 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

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2317.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 9687
  • Additional Parcels: No
  • Parcel #: 116-01-043

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 37306.2
  • Insurance Expense: 432.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 33558.0
  • Annual Operating Expense: 4842.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 893.0
  • Tax Block: 1
  • Tax Book Number: 116.00
  • Tax Lot: 37

Range of Values:

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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
08/10/2018 08/10/18 Sold $257,000 -7.9% $163 / Sq Ft
05/25/2018 05/25/18 For Sale $279,000 -- $177 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Emily Weaver

    Open House Realty

    (623) 204-5454

    1 in this area

    17 Total Sales

    Emily Weaver
    Section Image
  • Rachel Krill

    Buyer's Agent in 2018

    Rachel Krill

    Real Broker

    (928) 246-4714

    3 in this area

    232 Total Sales

    Rachel Krill
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5771452

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85006 Central City

2242 E Taylor St Unit 5, Phoenix, AZ

This home is located at 2242 E Taylor St Unit 5, Phoenix, AZ 85006 since 25 May 2018. This property was built in 1944. 2242 E Taylor St Unit 5 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

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