$150,000
SOLD SEP 13, 2013
-- Bed
-- Bath
1,150 Sq Ft
1964 Built

Recently Sold

$130 Per Sq Ft

1% Above List Price

7 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of September 2013

HUGE CAP RATE--CASH FLOWING PROPERTY--5 OF THE 6 UNITS CURRENTLY RENTED. 3 OF THE UNITS ARE LONG TERM RENTERS--1 RENTER HAS BEEN THERE FOR 11 YEARS, 1 FOR 4 YEARS AND 1 FOR 2 YEARS! (3) 2 BD/1 BA AND (3)1 BD/1 BA UNITS. SOME HAVE UPDATED TILE THROUGHOUT AND MOST HAVE NEWER APPLIANCES. 3 OF 6 SWAMP COOLERS REPLACED IN MARCH OF 2013! ROOF REPLACED IN 2010. WIRING IN UNITS WAS UPDATED IN 2012. 2 STORAGE SHEDS AND 1 IS RENTED FOR ADDITIONAL INCOME! ALL UNITS HAVE 2 PARKING SPOTS. ALL INDIVIDUALLY METERED FOR GAS AND ELECTRIC, OWNERS PAY WATER/TRASH/SEWER. CLOSE TO BUS STOPS, MARICOPA COUNTY HOSPITAL, AND DOWNTOWN PHOENIX. NOT A SHORT SALE, BRING YOUR CASH BUYERS TODAY!

Last Agent to Sell the Property

Randy Schoenfeld

My Home Group Real Estate License #SA646328000 Listed on: 08/27/2013

My Home Group Real Estate

Last Buyer's Agent

Martha Navarro

HomeSmart License #SA523587000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,538

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Schools

  • Wilson Elementary School - Phoenix
  • Wilson Elementary School - Phoenix High School

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 116-02-006-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are IRREGULAR

Building Details

  • Operating Expense $11,079
  • Gross Income $28,560
  • Net Operating Income $19,019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,538

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 24TH STREET AND TAYLOR
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2011
  • Directions: GO WEST ON 24TH ST FROM TAYLOR. 3RD PROPERTY/BLDG ON NORTH SIDE OF STREET.
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • 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: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 4000.0

Schools

  • Elementary School: Wilson Elementary School - Phoenix
  • High School: Wilson Elementary School - Phoenix
  • Middle Or Junior School: Wilson Elementary School - Phoenix

Lot Info

  • Lot Size: IRREGULAR
  • Additional Parcels: No
  • Parcel #: 116-02-006-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 6
  • Annual Gross Income: 28560.0
  • Insurance Expense: 2041.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 19019.0
  • Annual Operating Expense: 11079.0
  • Vacancy Allowance Rate: 0.15

Tax Info

  • Tax Annual Amount: 1538.0
  • Tax Book Number: 116.00
  • Tax Lot: 2

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
07/14/2025 07/14/25 For Sale $750,000 +400.0% --
09/13/2013 09/13/13 Sold $150,000 +0.7% $130 / Sq Ft
09/02/2013 09/02/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $149,000 -- $130 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4989211

Arizona Regional Multiple Listing Service (ARMLS)