$1,440,000
SOLD JUL 6, 2018

2326 E Pinchot Ave Phoenix, AZ 85016

Camelback East Village Neighborhood
-- Bed
-- Bath
1,514 Sq Ft
1958 Built

Recently Sold

$951 Per Sq Ft

10% Below List Price

81 Days on Market

Highlights

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

About This Home

As of February 2024

Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Ten out of twelve units completely remodeled with new kitchens and baths. This centrally located complex is ideal to add to your portfolio. Block construction with pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry and Rubs being implemented as leases expire. There is also still room to increase rents. 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. Brand new townhouses across the street selling $340-375K. 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: 03/18/2018

West USA Realty

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,254

Year Built

  • Built in 1958

Home Design

  • Block Exterior

Parking

  • 11 Parking Spaces
  • 11 Covered Spaces

Schools

  • Loma Linda Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • 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 $34,346
  • Gross Income $128,855
  • Net Operating Income $95,711

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,254

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
  • Year Built: 1958
  • Tax Year: 2017
  • 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: 7920.0
  • Subdivision Name: none
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • 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: Electric
  • Heating: Electric
  • 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

  • Community Amenities:No Pool: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 1020.0
  • Trash Expense: 1440.0
  • Annual Water Sewer Expense: 4320.0

Schools

  • Elementary School: Loma Linda Elementary School
  • High School: Camelback High School
  • 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
  • Number Of Units Total: 12
  • Electric Expense: 3012.0
  • Annual Gross Income: 128854.8
  • Insurance Expense: 4200.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 95710.8
  • Annual Operating Expense: 34346.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 6254.0
  • Tax Book Number: 119.00
  • Tax Lot: 0

Range of Values:

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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

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) 390-8088

    5 in this area

    125 Total Sales

    Section Image

  • S

    Buyer's Agent in 2024

    Sean Cohan

    Compass

    (480) 381-0440

    2 in this area

    20 Total Sales

    Section Image
  • Rick Horst

    Buyer's Agent in 2018

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    2 in this area

    37 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5738679

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 and is currently priced at $1,440,000, approximately $951 per square foot. 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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