NOT LISTED FOR SALE

2414 W Devonshire Ave Phoenix, AZ 85015

Alhambra Neighborhood
24 Beds
-- Bath
1,420 Sq Ft
1964 Built

Last Sold June 09, 2017

Last sale price $1,000,000 $704 Per Sq Ft

50 Days on Market

Highlights

  • Community Barbecue Grill
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Central Air

About This Home

As of June 2017

Devonshire Apartments is a low density single-level block constructed
apartment property in a garden-style setting. Key componentry of single metering, block construction and pitched roofs make this nicely
maintained asset an ideal income producer for the investor. Unit mix consists of eight 1-bed/1-bath units of approximately 630 SF, six 2-bed/1-bath units of approximately 720 SF and two 2-bed/1-bath units of approximately 840 SF. Residents also enjoy covered parking and an on-site laundry facility. Recent capital improvements to the property include new roofs for all 5 buildings, 12
new HVAC units, and new flooring in some of the units. The property is
currently 100% occupied with below market rents. There is upside in the
rents of $25-$50 through minor upgrades to the property.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 03/05/2017

Last Buyer's Agent

Scott Trevey

REI Marketing License #SA539099000 Listed on: 03/05/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,300

Year Built

  • Built in 1964

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 20 Parking Spaces
  • 16 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, landscaping
  • Tax Lot 13
  • Assessor Parcel Number 154-28-023

Community Details

Overview

  • 5 Buildings
  • 16 Units
  • Building Dimensions are irregular
  • Fruitland Acres 9 11, 13 16 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $36,704
  • Gross Income $13,526
  • Net Operating Income $85,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,300

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 23rd avenue and Indian School
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M, R-3
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2016
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 3552.0
  • Subdivision Name: FRUITLAND ACRES 9-11, 13-16
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block, Brick
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 2225.0
  • Annual Water Sewer Expense: 9209.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irregular
  • Additional Parcels: No
  • Parcel #: 154-28-023

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 16
  • Electric Expense: 1773.0
  • Annual Gross Income: 13526.1
  • Insurance Expense: 3448.0
  • Maintenance Expense: 10060.0
  • Property Net Operating Income: 85995.0
  • Annual Operating Expense: 36704.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4300.0
  • Tax Book Number: 154.00
  • Tax Lot: 13

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
06/09/2017 06/09/17 Sold $1,000,000 -7.3% $704 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
03/05/2017 03/05/17 For Sale $1,079,000 +38.3% $760 / Sq Ft
08/31/2016 08/31/16 Sold $780,000 -9.2% $549 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
07/22/2016 07/22/16 Price Changed $859,000 -3.4% $605 / Sq Ft
06/21/2016 06/21/16 For Sale $889,000 -- $626 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Scott Trevey

    REI Marketing

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5571326

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85015 Alhambra

2414 W Devonshire Ave, Phoenix, AZ

This home is located at 2414 W Devonshire Ave, Phoenix, AZ 85015 since 05 March 2017. This property was built in 1964. 2414 W Devonshire Ave is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, 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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