NOT LISTED FOR SALE
8 Beds
8 Baths
2,559 Sq Ft
1964 Built

Last Sold September 30, 2021

Last sale price $1,250,000 $488 Per Sq Ft

26 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • 5-minute walk to Pierce Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of September 2021

Truly a rare opportunity to own a gorgeous multi-family 5 Plex. This complex was completely remodeled down to the studs in 2008 and has been meticulously maintained ever since. As you enter the private gated courtyard, you'll immediately appreciate the quaint atmosphere that the low-maintenance mature landscaping, mesquite trees and synthetic grass provide. The complex is a mix of (2) - 2 bedroom / 2 bath units (1) - 2 bedroom / 1 bathroom unit and (2) 1 bedroom / 1 bath units. **Each unit has its own water softener & inside laundry with stacker washer/dryers.** All units have updated kitchen cabinets, granite countertops, gas range/ovens, travertine stone floors, upgraded bathroom vanities, lighting & more. Each floor-plan has a spacious living room, full size kitchen with eat-in dining or breakfast nook, large bedrooms & bathrooms. This is great central location - close to shopping, dining, entertainment and adventure of Old Town Scottsdale, The Biltmore and Downtown Phoenix. Just minutes from Sky Harbor Airport, the 51, 143 & 202.

Last Agent to Sell the Property

Brian Young

HomeSmart License #SA515492000 Listed on: 06/25/2021

HomeSmart

Last Buyer's Agent

Lethe Lew

Desert River Realty License #BR569884000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,586

Year Built

  • Built in 1964

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Griffith Elementary School
  • Pat Tillman Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 2
  • Assessor Parcel Number 126-08-004

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Building Dimensions are 113' x 127'
  • Thomas Mall Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $14,834
  • Gross Income $42,000
  • Net Operating Income $29,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,586

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 46TH STREET & THOMAS ROAD
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2020
  • Directions: SOUTH ON 46TH ST TO 2314 N 46th Street
  • Road Surface Type: Asphalt, Sidewalk(s), Alley
  • Subdivision Name: THOMAS MALL SUBDIVISION
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Barbecue

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Interior Amenities:Water Softener(s): Yes

Fee Information

  • Trash Expense: 852.0
  • Annual Water Sewer Expense: 1701.0

Schools

  • Elementary School: Griffith Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Pat Tillman Middle School

Lot Info

  • Lot Size: 113' x 127'
  • Additional Parcels: No
  • Parcel #: 126-08-004

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Electric Expense: 648.0
  • Annual Gross Income: 42000.0
  • Insurance Expense: 2847.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 29725.0
  • Annual Operating Expense: 14834.0

Tax Info

  • Tax Annual Amount: 2586.0
  • Tax Book Number: 126.00
  • Tax Lot: 2

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $1,250,000 -3.8% $488 / Sq Ft
09/07/2021 09/07/21 For Sale $1,299,000 0.0% $508 / Sq Ft
09/07/2021 09/07/21 Price Changed $1,299,000 0.0% $508 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/15/2021 07/15/21 Price Changed $1,299,000 -8.8% $508 / Sq Ft
06/25/2021 06/25/21 For Sale $1,425,000 -- $557 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6256094

Arizona Regional Multiple Listing Service (ARMLS)