NOT LISTED FOR SALE

2525 W State Ave Unit 2 Phoenix, AZ 85051

Alhambra Neighborhood
-- Bed
-- Bath
-- Sq Ft
2023 Built

Last Sold June 12, 2023

Last sale price $2,250,000

4 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System
  • Ceiling Fan

About This Home

As of June 2023

Six total units available! Estimated to be complete around May 1st, 2023. 3 separate buildings, 2 units per building, 6 units on property. Each building has its own parcel number, so possibility of splitting property into 3 different owners. All units are 3 bedrooms, 2 baths. Buildings are approximately 2,040 sqft. Each unit has inside laundry and stainless steel appliances, quartz countertops in kitchen and baths. Rare new construction multifamily in Phoenix, come see it today!

Last Agent to Sell the Property

Richard De Luca

FSR Realty License #BR662326000 Listed on: 04/14/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,000

Year Built

  • Built in 2023

Home Design

  • Wood Frame Construction

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Schools

  • Washington Elementary School
  • Palo Verde Middle School
  • Glendale High School

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 114
  • Assessor Parcel Number 157-31-149

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 192.46X97
  • State Avenue 6 Condominiums Subdivision

Building Details

  • Operating Expense $1,000
  • Gross Income $157,320
  • Net Operating Income $140,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,000

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Cross Street: 27th Ave & State Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: STATE AVENUE 6 CONDOMINIUMS
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted
  • Roof: Other

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Other, Add'l Parking Avail, >1 Space Per Unit, Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Washington Elementary School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Palo Verde Middle School

Lot Info

  • Lot Size: 192.46X97
  • Additional Parcels: Yes
  • Parcel #: 157-31-149

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 6
  • Annual Gross Income: 157320.0
  • Property Net Operating Income: 140220.0
  • Annual Operating Expense: 1000.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1000.0
  • Tax Book Number: 157.00
  • Tax Lot: 114
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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
06/12/2023 06/12/23 Sold $2,250,000 -6.3% --
05/25/2023 05/25/23 Price Changed $2,400,000 0.0% --
05/25/2023 05/25/23 For Sale $2,400,000 0.0% --
04/19/2023 04/19/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $2,400,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Richard De Luca

    Seller's Agent in 2023

    Richard De Luca

    FSR Realty

    (602) 456-5050

    5 in this area

    73 Total Sales

    Richard De Luca
    Section Image

  • N

    Buyer's Agent in 2023

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6544267

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85051 Alhambra

2525 W State Ave Unit 2, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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