NOT LISTED FOR SALE
24 Beds
12 Baths
850 Sq Ft
1960 Built

Sale Details

Date Sold: October 15, 2019

Last sale price $1,680,000 $1,976 Per Sq Ft

122 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Community Barbecue Grill
  • Phoenix Coding Academy Rated A
  • Resident Manager or Management On Site
  • Ceramic Tile Flooring

About This Home

As of October 2019

100% Occupancy. Prime Opportunity in Biltmore Corridor. Clarendon 12 features 12 units - All 2 Bed / 1 bath 801 Sq Ft. This Two-story 12 unit building has coin-op laundry, bbqs and community pool. Over the past 20 months, owner has done hundreds of thousands of dollars in remodeling and improvements. Individually metered for electric and gas. Clarendon 12 is in one of the hottest real estate markets in the Valley of the Sun. With tremendous employment, retail, entertainment and dining nearby and its close proximity to freeways and downtown, this is an area that will continue in growth and revitalization. There is still room to raise rents here. Figures stated are actual. Look under docs for a proforma comparison. 2503 to 2549 is available as a package of 24 units for $3.8M MLS# 5891936

Last Agent to Sell the Property

Howard Rudin

West USA Realty License #SA527947000 Listed on: 04/14/2019

West USA Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,317

Year Built

  • Built in 1960

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Lot Details

  • Additional Parcels

Schools

  • Larry C Kennedy Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Assessor Parcel Number 119-05-053

Community Details

Overview

  • 12 Units
  • Building Dimensions are 104x216

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $33,749
  • Gross Income $125,185
  • Net Operating Income $91,851

Additional Features

  • Community Barbecue Grill
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,317

Year Built

Built in 1960

Listing Details

  • Cross Street: 32nd Street & Osborn. West on Osborn to 26th Place
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 6252.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 660.0
  • Trash Expense: 2400.0
  • Annual Water Sewer Expense: 4200.0

Schools

  • Elementary School: Larry C Kennedy School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Larry C Kennedy School

Lot Info

  • Lot Size: 104x216
  • Additional Parcels: Yes
  • Parcel #: 119-05-053

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 1200.0
  • Annual Gross Income: 125185.2
  • Insurance Expense: 5200.0
  • Maintenance Expense: 4500.0
  • Property Net Operating Income: 91851.0
  • Annual Operating Expense: 33749.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 5317.0
  • Tax Book Number: 119.00
  • Tax Lot: 0
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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 Prior Sale
10/15/2019 10/15/19 Sold $1,680,000 -6.7% $1,976 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $1,800,000 0.0% $2,118 / Sq Ft
07/02/2019 07/02/19 Price Changed $1,800,000 +7.1% $2,118 / Sq Ft
06/25/2019 06/25/19 Off Market $1,680,000 -- --
04/14/2019 04/14/19 For Sale $1,850,000 +57.4% $2,176 / Sq Ft
07/02/2015 07/02/15 Sold $1,175,000 -2.1% $1,382 / Sq Ft View Prior Sale
03/18/2015 03/18/15 Pending -- -- --
12/04/2014 12/04/14 For Sale $1,200,000 +45.5% $1,412 / Sq Ft
06/23/2014 06/23/14 Sold $825,000 -10.8% $971 / Sq Ft View Prior Sale
04/18/2014 04/18/14 Pending -- -- --
12/09/2013 12/09/13 For Sale $925,000 -- $1,088 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $5,578 $41,300 -- --
2024 $5,307 $39,334 -- --
2023 $5,307 $168,820 $23,910 $144,910
2022 $5,099 $122,050 $17,290 $104,760
2021 $5,223 $110,520 $15,650 $94,870
2020 $5,096 $92,720 $13,130 $79,590
2019 $5,060 $75,710 $10,720 $64,990
2018 $4,956 $66,810 $9,460 $57,350
2017 $4,765 $54,740 $7,750 $46,990
2016 $4,580 $46,450 $6,580 $39,870
2015 $4,261 $41,570 $5,890 $35,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5911493

Arizona Regional Multiple Listing Service (ARMLS)
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