$762,500
SOLD APR 30, 2012

Phoenix, AZ 85017

Alhambra Neighborhood
-- Bed
-- Bath
1,935 Sq Ft
8,102 Sq Ft Lot

Recently Sold

$394 Per Sq Ft

10% Below List Price

4 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 December 2014

Investor's Delight. Come see this pride of ownership in the west valley! Great location right off the light rail. Convenient access to the I-17 freeway. This block construction, individually metered property has gone through a total remodel including a new roof, electrical, tile, plumbing, carpet, paint, HVAC, landscaping, laundry, etc! On-site office could also be a one-bedroom unit. Complex is 100% occupied! 22 large two bed / one bath, 13 large one bed / one bath units. This property will sell fast!

Last Agent to Sell the Property

John Risi

HomeSmart License #BR633737000 Listed on: 04/09/2012

HomeSmart

Last Buyer's Agent

Barney Feldman

Pinnacle Real Estate & Investments License #BR003911000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,385

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 34 Open Parking Spaces
  • 34 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 63
  • Assessor Parcel Number 154-04-083

Community Details

Overview

  • 2 Buildings
  • 35 Units
  • Building Dimensions are 53487 sf

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $69,711
  • Gross Income $157,988
  • Net Operating Income $115,416

Additional Features

  • Community Barbecue Grill
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,385

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 26th ave and Highland
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 2
  • Year Built: 1964
  • Tax Year: 2010
  • Directions: Take Camelback to 26th Ave, and turn south. Drive to Highland Ave. Property is on the Northwest corner.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 5400.0
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, Free, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 34.0
  • Total Parking Spaces: 34.0
  • General Property Description:Uncvrd Parking Spcs: 34.0
  • General Property Description:Total Parking Spcs: 34.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

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

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Trash Expense: 2388.0
  • Annual Water Sewer Expense: 28565.0

Lot Info

  • Lot Size: 53487 sf
  • Additional Parcels: Yes
  • Parcel #: 154-04-083

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 35
  • Electric Expense: 5421.0
  • Annual Gross Income: 157987.8
  • Insurance Expense: 4352.0
  • Maintenance Expense: 9300.0
  • Property Net Operating Income: 115416.0
  • Annual Operating Expense: 69711.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 11385.0
  • Tax Book Number: 154.00
  • Tax Lot: 63

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 List to Sale Price per Sq Ft Prior Sale
12/30/2014 12/30/14 Sold $1,172,500 0.0% $606 / Sq Ft View Prior Sale
10/01/2014 10/01/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $1,172,500 +53.8% $606 / Sq Ft
04/30/2012 04/30/12 Sold $762,500 -10.2% $394 / Sq Ft
04/13/2012 04/13/12 Pending -- -- --
04/09/2012 04/09/12 For Sale $849,000 -- $439 / 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 $297 $2,069 $2,069 --
2024 $299 $1,971 $1,971 --
2023 $299 $10,270 $10,270 $0
2022 $294 $6,600 $6,600 $0
2021 $297 $7,550 $7,550 $0
2020 $285 $4,840 $4,840 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jeff Seaman

    CBRE, Inc

    Section Image

  • J

    Seller's Agent in 2012

    John Risi

    HomeSmart

    (602) 615-6900

    8 Total Sales

    John Risi
    Section Image
  • Barney Feldman

    Buyer's Agent in 2012

    Barney Feldman

    Pinnacle Real Estate & Investments

    (480) 797-2719

    3 Total Sales

    Barney Feldman
    Section Image
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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4742034

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-04-086A

Arizona Maricopa County Phoenix 85017

Alhambra

This home and is currently priced at $762,500, approximately $394 per square foot. This property was built in 1964. This home is a home located in Maricopa County with nearby schools including Granada East Primary School, Granada West School, and Alhambra High School.

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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