NOT LISTED FOR SALE

Estimated Value: $570,000 - $594,000

8 Beds
-- Bath
2,960 Sq Ft
$195/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $192,000 $65 Per Sq Ft

Est. 201% increase in value since last sale

Current estimated payment $3,229/month

90 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of December 2017

WOW!!!! Bring your offer's now seller is motivated to sell. Alicia Apartments are all 2 bedroom 1 bath units. Tenants pay for thier own water, trash, gas and electric. This building produces a great cash flow with a low operational cost. You also can buy the two next door 2343 E Pueblo and 4224 S 24th st. All building have fresh paint and fully rented. The owner manages the buildings for himself. All facts and figures are approximate, buyer verify MLS information.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 08/17/2017

Last Buyer's Agent

Janette Gentry

West USA Realty License #BR555062000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $764

Year Built

  • Built in 1961

Lot Details

  • 7,318

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Roosevelt Elementary School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3
  • Assessor Parcel Number 122-35-057

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Alicia 3 Subdivision

Building Details

  • Operating Expense $5,025
  • Gross Income $20,520
  • Net Operating Income $15,989

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$764

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: NORTH OF BROADWAY/22ND PLACE
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2016
  • Road Surface Type: Dedicated Street
  • Subdivision Name: ALICIA 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Roosevelt Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 122-35-057

Multi Family

  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 20520.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 15989.0
  • Annual Operating Expense: 5025.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 764.0
  • Tax Book Number: 122.00
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2025
Sold by
Abadjian Haroutioun and Abadjian Marie
Bought by
Abadjian Family 2002 Trust and Abadjian
Current Estimated Value
$578,333

Purchase Details

Closed on
Feb 8, 2008
Sold by
Flores Gregorio Lopez and Lopez Greg
Bought by
Xcaret Apartments Llc

Purchase Details

Closed on
Feb 28, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Purchase Details

Closed on
Oct 4, 1994
Sold by
Citibank and Bernstein Ruben
Bought by
Austin Funding Inc
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Abadjian Family 2002 Trust -- None Listed On Document
Xcaret Apartments Llc -- None Available
Joksimovich Gordon $50,000 Security Title Agency
Austin Funding Inc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $192,000 -4.0% $65 / Sq Ft
08/16/2017 08/16/17 For Sale $200,000 -- $68 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $933 $6,354 -- --
2024 $907 -- -- --
2023 $907 $38,170 $7,630 $30,540
2022 $889 $24,130 $4,820 $19,310
2021 $907 $19,110 $3,820 $15,290
2020 $896 $16,310 $3,260 $13,050
2019 $866 $13,370 $2,670 $10,700
2018 $843 $9,820 $1,960 $7,860
2017 $804 $9,100 $1,820 $7,280
2016 $764 $8,300 $1,660 $6,640
2015 $720 $6,820 $1,360 $5,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5647397

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-35-057