M
Seller's Agent in 2017
Mitchell Korrub
Century 21 Arizona Foothills
229 N Palm St Unit TRLR Gilbert, AZ 85234
Heritage District Neighborhood
11
Beds
--
Bath
7,650
Sq Ft
1960
Built
Highlights
- Central Heating and Cooling System
- Ceiling Fan
- 4-minute walk to Water Tower Plaza
- Burk Elementary School Rated A-
- Carpet
About This Home
As of January 2017INVESTORS DREAM!!! 8 unit multi family housing with tremendous upside potential based on current rents compared to average rents in the area. Property is located just half a block from booming Downtown Gilbert. Currently listed just below an 8 CAP is a steal for is location. Property to be sold ''AS IS''
Last Agent to Sell the Property
Mitchell Korrub
Century 21 Arizona Foothills License #SA654980000 Listed on: 01/09/2017
Last Buyer's Agent
Michael Pickett
Occasio Realty License #BR547817000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,222
Year Built
- Built in 1960
Home Design
- Wood Frame Construction
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Schools
- Gilbert Elementary School
- Gilbert High School
Additional Features
- Ceiling Fan
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water
- Assessor Parcel Number 304-11-159
Community Details
Overview
- 8 Buildings
- 8 Units
- Building Dimensions are 180x126
Building Details
- Operating Expense $8,902
- Gross Income $55,689
- Net Operating Income $49,440
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2017 01/31/17 | Sold | $615,400 | -5.3% | $80 / Sq Ft |
| 01/16/2017 01/16/17 | Pending | -- | -- | -- |
| 01/09/2017 01/09/17 | For Sale | $650,000 | -- | $85 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $2,835 | $31,226 | -- | -- |
| 2024 | $2,745 | $29,739 | -- | -- |
| 2023 | $2,745 | $35,390 | $20,950 | $14,440 |
| 2022 | $2,669 | $31,010 | $17,440 | $13,570 |
| 2021 | $2,761 | $30,690 | $17,440 | $13,250 |
| 2020 | $2,720 | $31,100 | $17,940 | $13,160 |
| 2019 | $2,527 | $31,000 | $18,210 | $12,790 |
| 2018 | $2,457 | $26,340 | $13,560 | $12,780 |
| 2017 | $2,377 | $25,790 | $13,560 | $12,230 |
| 2016 | $2,437 | $24,730 | $12,110 | $12,620 |
| 2015 | $2,222 | $19,170 | $6,920 | $12,250 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Buyer's Agent in 2017
Michael Pickett
Occasio Realty
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5544232
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.
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
Nearby Homes
- 260 E Bruce Ave
- 413 E Cullumber Ave Unit B
- 130 W Park Ave Unit 11
- 102 W Washington Ave Unit 18
- 477 N Alder Ct Unit 113
- 134 W Campbell Ct
- 270 E Kroll Dr
- 30 E Palo Verde St
- 108 S Morning Ridge Dr
- 285 W Washington Ave
- 240 W Juniper Ave Unit 1220
- 240 W Juniper Ave Unit 1054
- 240 W Juniper Ave Unit 1096
- 240 W Juniper Ave Unit 1053
- 89 N Riata St
- 20 S Catalina St
- 170 E Guadalupe Rd Unit 144
- 170 E Guadalupe Rd Unit 173
- 107 S Catalina St
- 102 S Catalina St
- 229 N Palm St
- 229 N Palm St Unit 2
- 229 N Palm St Unit 6
- 256 N Cottonwood Dr
- 225 N Palm St
- 301 N Palm St
- 262 N Cottonwood Dr
- 217 N Palm St
- 244 N Cottonwood Dr
- 219 N Palm St
- 300 N Cottonwood Dr
- 115 N Palm St
- 215 N Palm St
- 243 N Cottonwood Dr Unit 3
- 238 N Cottonwood Dr
- 311 N Palm St
- 306 N Cottonwood Dr Unit 3
- 317 N Palm St
- 211 E Stonebridge Dr
- 237 N Cottonwood Dr
Your Personal Tour Guide
Ask me questions while you tour the home.