NOT LISTED FOR SALE
Studio
-- Bath
5,948 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: January 24, 2019

Last sale price $464,500 $78 Per Sq Ft

50 Days on Market

About This Home

As of January 2019

Excellent Investment Opportunity in North Phoenix. 9.5% cap rate on actual income and low basis of $78/sf. Below market rental rates give an investor substantial upside on return. Three tenants on NNN leases. Call for more information!

Last Agent to Sell the Property

Eric Ferber

Cutler Commercial License #SA653578000 Listed on: 10/17/2018

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Year Built

  • Built in 2003

Lot Details

  • 5,948 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • 5,948 Sq Ft Home
  • Block Exterior

Parking

  • 40 Parking Spaces
  • 20 Covered Spaces

Community Details

  • 3 Buildings
  • Net Operating Income $44,457

Listing and Financial Details

  • Assessor Parcel Number 214-40-498

Property Details

Property Type

Other

Year Built

Built in 2003

Lot Details

5,948 Sq Ft Lot

Listing Details

  • Cross Street: 25th St & Greenway Rd
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Retail, Retail PAD, Religious Facility, Medical/Dental, Recreational, Office, Warehouse
  • Number Of Buildings: 3
  • Year Built: 2003
  • Tax Year: 2018
  • Lot Size Acres: 0.14
  • Structure Type: Commercial, Office, Distribution/Warehse
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other

Exterior Features

  • Fencing: Other, See Remarks
  • Construction Type: Block
  • Roof: See Remarks, Other
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 40.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 40.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Lot Info

  • Lot Size Sq Ft: 5948.0
  • Additional Parcels: No
  • Parcel #: 214-40-498
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 44457.08

Tax Info

  • Tax Book Number: 214.00
  • Tax Lot: 0
  • Tax Map Number: 40.00
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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
01/24/2019 01/24/19 Sold $464,500 -1.0% $78 / Sq Ft
12/05/2018 12/05/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $469,000 -- $79 / 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 -- -- -- --
2024 -- $83 $83 --
2023 -- $85 $85 --
2022 $0 $88 $88 $0
2021 $0 $90 $90 $0
2020 $0 $90 $90 $0
2019 $0 $90 $90 $0
2018 $0 $90 $90 $0
2017 $0 $90 $90 $0
2016 $0 $90 $90 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5834192

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-501

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