NOT LISTED FOR SALE

2326 E Pinchot Ave Phoenix, AZ 85016

Camelback East Village Neighborhood
20 Beds
12 Baths
1,514 Sq Ft
1958 Built

Last Sold February 16, 2024

Last sale price $2,400,000 $1,585 Per Sq Ft

131 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of February 2024

Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Eleven out of twelve units completely remodeled with new kitchens and baths. New Roofs on Apartments in 2022/2023. Water lines updated inside the units. Centrally located complex is ideal to add to your portfolio. Block construction with new pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry. There is room to increase rents and possibly add in unit laundry. Minutes to shopping & dining at Biltmore Fashion Park, Town and Country Mall and so much more. Easy access to the 51 Freeway, downtown Phoenix, bus transportation and employment. Do not walk property or talk to tenants. Inspection with accepted offer

Last Agent to Sell the Property

Howard Rudin

West USA Realty License #SA527947000 Listed on: 07/29/2023

West USA Realty

Last Buyer's Agent

Sean Cohan

Compass License #SA625288000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,693

Year Built

  • Built in 1958

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 11 Parking Spaces
  • 11 Covered Spaces

Schools

  • Loma Linda Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 119-17-045-A

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 120 x 150

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $44,393
  • Gross Income $204,060
  • Net Operating Income $159,667

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,693

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 24th Street & Indian School Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: m-h r4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2022
  • Directions: South on 24th Street to Pinchot. Turn Right or West on Pinchot. Complex is on North Side. No Sign on Property, Do Not Walk Complex. Inspections with Accepted Offer.
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 14400.0
  • Subdivision Name: none
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 3000.0
  • Annual Water Sewer Expense: 6000.0

Schools

  • Elementary School: Loma Linda Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Loma Linda Elementary School

Lot Info

  • Lot Size: 120 x 150
  • Additional Parcels: No
  • Parcel #: 119-17-045-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 600.0
  • Annual Gross Income: 204060.0
  • Insurance Expense: 8000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 159667.0
  • Annual Operating Expense: 44393.0

Tax Info

  • Tax Annual Amount: 6693.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

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 Change Sq Ft Price
02/16/2024 02/16/24 Sold $2,400,000 -11.1% $1,585 / Sq Ft
12/08/2023 12/08/23 Pending -- -- --
12/02/2023 12/02/23 Price Changed $2,700,000 -9.8% $1,783 / Sq Ft
10/11/2023 10/11/23 Price Changed $2,995,000 -6.4% $1,978 / Sq Ft
09/13/2023 09/13/23 Price Changed $3,200,000 -8.6% $2,114 / Sq Ft
07/29/2023 07/29/23 For Sale $3,500,000 +143.1% $2,312 / Sq Ft
07/06/2018 07/06/18 Sold $1,440,000 -4.0% $951 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
06/04/2018 06/04/18 Price Changed $1,500,000 -3.2% $991 / Sq Ft
05/25/2018 05/25/18 Price Changed $1,550,000 -2.8% $1,024 / Sq Ft
03/18/2018 03/18/18 For Sale $1,595,000 -- $1,054 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Howard Rudin

    Seller's Agent in 2024

    Howard Rudin

    West USA Realty

    (602) 942-4200

    6 in this area

    126 Total Sales

    Howard Rudin
    Section Image

  • S

    Buyer's Agent in 2024

    Sean Cohan

    Compass

    (480) 381-0440

    2 in this area

    20 Total Sales

    Sean Cohan
    Section Image
  • Rick Horst

    Buyer's Agent in 2018

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    2 in this area

    38 Total Sales

    Rick Horst
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6586083

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85016 Camelback East Village

2326 E Pinchot Ave, Phoenix, AZ

This home is located at 2326 E Pinchot Ave, Phoenix, AZ 85016 since 29 July 2023. This property was built in 1958. 2326 E Pinchot Ave is a home located in Maricopa County with nearby schools including Loma Linda Elementary School, Camelback High School, and Phoenix Coding Academy.

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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