NOT LISTED FOR SALE
10 Beds
6 Baths
950 Sq Ft
1952 Built

Last Sold December 24, 2019

Last sale price $870,000 $916 Per Sq Ft

25 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of December 2019

24 Harvard is a newly renovated 6 unit garden style multifamily complex with (5) 2-bedroom/1-bath units & (1) Studio unit in the Encanto Village. Built in 1952, 24 Harvard consists of 3600 square feet of rental space. The property is individually metered for electric. All units have in-suite washer/dryer units and the 2-bed units have a front patio or backyard. This property is within 5 miles of the Biltmore, Downtown Phoenix & Arizona State University-Downtown campus.

Last Agent to Sell the Property

Swapnadeep Nath

Renvy Property Management License #BR657689000 Listed on: 09/27/2019

Co-Listed By

Brenda Nath

HN Management License #BR651691000

Last Buyer's Agent

Lauren House

Real Broker License #SA659956000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,672

Year Built

  • Built in 1952

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Central Air
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 117-08-001

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 0.50
  • Avalon Blks 1 4 Subdivision

Building Details

  • Operating Expense $21,872
  • Gross Income $74,670
  • Net Operating Income $56,170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,672

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Cross Street: 24th Street & Oak Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 3
  • Year Built: 1952
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: urba001
  • Co List Office Phone: 480-619-2792
  • Subdivision Name: AVALON BLKS 1-4
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Brick
  • Roof: See Remarks, Composition

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 6000.0

Lot Info

  • Lot Size: 0.50
  • Additional Parcels: No
  • Parcel #: 117-08-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 74670.0
  • Insurance Expense: 3200.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 56170.0
  • Annual Operating Expense: 21872.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 6672.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 1
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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 List to Sale Price per Sq Ft
12/24/2019 12/24/19 Sold $870,000 0.0% $916 / Sq Ft
11/25/2019 11/25/19 Off Market $870,000 -- --
10/21/2019 10/21/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $895,000 -- $942 / 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 $4,353 $32,225 -- --
2024 $4,141 $30,690 -- --
2023 $4,141 $71,480 $14,290 $57,190
2022 $3,979 $52,580 $10,510 $42,070
2021 $4,076 $43,070 $8,610 $34,460
2020 $3,976 $36,070 $7,210 $28,860
2019 $6,672 $49,536 $18,720 $30,816
2018 $6,534 $43,452 $17,334 $26,118
2017 $6,282 $37,530 $18,054 $19,476
2016 $6,039 $35,100 $16,866 $18,234
2015 $5,873 $34,947 $16,743 $18,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5983954

Arizona Regional Multiple Listing Service (ARMLS)