S
Seller's Agent in 2017
Scott Trevey
REI Marketing
2414 W Devonshire Ave Phoenix, AZ 85015
Alhambra Neighborhood
24
Beds
--
Bath
1,420
Sq Ft
1964
Built
Highlights
- Community Barbecue Grill
- Ceramic Tile Flooring
- Heat Pump System
- Phoenix Coding Academy Rated A
- Central Air
About This Home
As of June 2017Devonshire 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
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 | $5,717 | $36,160 | -- | -- |
| 2024 | $5,219 | $34,438 | -- | -- |
| 2023 | $5,219 | $196,370 | $39,270 | $157,100 |
| 2022 | $5,139 | $149,930 | $29,980 | $119,950 |
| 2021 | $5,187 | $139,320 | $27,860 | $111,460 |
| 2020 | $4,986 | $79,400 | $15,880 | $63,520 |
| 2019 | $4,925 | $67,780 | $13,550 | $54,230 |
| 2018 | $4,547 | $65,550 | $13,110 | $52,440 |
| 2017 | $4,490 | $48,120 | $9,620 | $38,500 |
| 2016 | $4,300 | $32,180 | $6,430 | $25,750 |
| 2015 | $4,070 | $24,020 | $4,800 | $19,220 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5571326
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.
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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