NOT LISTED FOR SALE

2245 N 29th (4plex) Place Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $594,424 - $868,000

2 Beds
4 Baths
1,400 Sq Ft
$501/Sq Ft Est. Value

Last Sold March 24, 2016

Last sale price $249,000 $178 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $3,808/month

6 Days on Market

Highlights

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

About This Home

As of March 2016

This Four-Plex is in an excellent Phoenix location, near the 202 and 51 freeways. It is also close to Downtown Phoenix and Sky Harbor Airport. The complex consists of two large 2 Bed/1 Bath units with private backyards and two large 1 Bed/1 Bath units. There is a beautiful fenced in courtyard in the front of the complex. It has consistent occupancy stability, and a great tenant base. There are not many properties in the Phoenix market that have a good location, are in good shape, and have strong cash flow. Check out this great investment opportunity!

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 02/08/2016

Coldwell Banker Commercial Realty

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,372

Year Built

  • Built in 1961

Lot Details

  • 8,102

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 70
  • Assessor Parcel Number 120-26-116

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $8,629
  • Gross Income $124,800
  • Net Operating Income $13,653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,372

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 32nd St. & Thomas Rd.
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1877.0
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • 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
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2880.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 120-26-116

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 124800.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 13653.0
  • Annual Operating Expense: 8629.0
  • Vacancy Allowance Rate: 6.0

Tax Info

  • Tax Annual Amount: 1372.0
  • Tax Book Number: 120.00
  • Tax Lot: 70

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2016
Sold by
Meyer Adam
Bought by
Old Fashioned Llc
Current Estimated Value
$695,598

Purchase Details

Listed on
Feb 8, 2016
Closed on
Mar 18, 2016
Sold by
Renaissance Homes Llc
Bought by
Meyer Adam and Eddy Matthew
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%
Original Mortgage
$186,750
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2013
Sold by
Wasta Llc
Bought by
Renaissance Homes Llc

Purchase Details

Closed on
Nov 13, 2012
Sold by
Franch Donald L
Bought by
Mpwf Investments Llc

Purchase Details

Closed on
Dec 5, 2001
Sold by
French Donald L
Bought by
French Donald L and French Marian L

Purchase Details

Closed on
Jul 10, 1998
Sold by
Frank Wayne H
Bought by
French Donald L and French Marian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Old Fashioned Llc -- None Available
Meyer Adam $249,000 Empire West Title Agency
Renaissance Homes Llc $150,000 Chicago Title Agency Inc
Mpwf Investments Llc $77,500 Chicago Title Agency Inc
French Donald L -- --
French Donald L $90,000 North American Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meyer Adam $186,750
Previous Owner French Donald L $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2016 03/24/16 Sold $249,000 0.0% $178 / Sq Ft
02/14/2016 02/14/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $249,000 -- $178 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,797 $13,302 -- --
2024 $1,709 $12,669 -- --
2023 $1,709 $48,670 $9,730 $38,940
2022 $1,642 $36,280 $7,250 $29,030
2021 $1,682 $29,570 $5,910 $23,660
2020 $1,641 $24,010 $4,800 $19,210
2019 $1,630 $19,960 $3,990 $15,970
2018 $1,596 $18,230 $3,640 $14,590
2017 $1,535 $16,810 $3,360 $13,450
2016 $1,475 $14,510 $2,900 $11,610
2015 $1,372 $12,800 $2,560 $10,240
Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2016

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    7 in this area

    22 Total Sales

    Terry Kass
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Mark Skelpsa

    HomeSmart Realty

    Section Image
  • Linda Gerchick

    Buyer's Agent in 2016

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    18 in this area

    115 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2016

    Linda CCIM

    Stephen Magee Int'l Properties

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5395393

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-26-116

Arizona Maricopa County Phoenix 85008 Camelback East Village

2245 N 29th (4plex) Place, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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