NOT LISTED FOR SALE
Studio
6 Baths
255 Sq Ft
1950 Built

Last Sold June 30, 2014

Last sale price $77,600 $304 Per Sq Ft

76 Days on Market

Highlights

  • Evaporated cooling system
  • No Heating
  • 5-minute walk to Willow Park
  • Phoenix Coding Academy Rated A

About This Home

As of June 2014

REDUCED!!! Great opportunity to purchase a multi-unit building. This fully occupied six unit complex is made up of six studios. All rented out at $400 per month. Owner pays water, sewer, trash, electric and gas. Per owner the monthly costs are running around $1000 per month. All units have evaporative cooling. Monthly Rent of $2,400 - this is a cash cow! There is a fairly large yard area at north end of property with storage shed - check with City of Phoenix about adding more units. Most tenants have been there long-term. This property is part of an estate and court approval of this sale is required. Approval will take approx 30 days after contract acceptance. SOLD AS-IS, NO SPDS. DO NOT DISTURB TENANTS - DRIVE BY ONLY SHOWING WITH AN ACCEPTED OFFER ONLY.

Last Agent to Sell the Property

Howard Rudin

West USA Realty License #SA527947000 Listed on: 03/06/2014

West USA Realty

Last Buyer's Agent

Felix Corral

Good Company Real Estate License #SA647501000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $392

Year Built

  • Built in 1950

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • J B Sutton Elementary School
  • Isaac Middle School
  • Carl Hayden High School

Utilities

  • Evaporated cooling system
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 109-20-008

Community Details

Overview

  • 6 Units
  • Building Dimensions are 138X50
  • North Willow Subdivision

Building Details

  • Operating Expense $392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$392

Year Built

Built in 1950

Listing Details

  • Cross Street: 27th Ave and Van Buren. N on 27th Ave to Pierce
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: MM
  • Number Of Buildings: 1
  • Year Built: 1950
  • Tax Year: 2013
  • Road Surface Type: Gravel, Dirt, Asphalt, Alley
  • Subdivision Name: NORTH WILLOW
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: J B Sutton Elementary School
  • High School: Carl Hayden High School
  • Middle Or Junior School: Isaac Middle School

Lot Info

  • Lot Size: 138X50
  • Additional Parcels: No
  • Parcel #: 109-20-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Annual Operating Expense: 392.0

Tax Info

  • Tax Annual Amount: 392.0
  • Tax Book Number: 109.00
  • Tax Lot: 8
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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
06/30/2014 06/30/14 Sold $77,600 -35.3% $304 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
03/05/2014 03/05/14 For Sale $120,000 -- $471 / 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 $777 $4,781 -- --
2024 $764 $4,553 -- --
2023 $764 $25,430 $5,080 $20,350
2022 $729 $17,110 $3,420 $13,690
2021 $726 $15,080 $3,010 $12,070
2020 $713 $12,380 $2,470 $9,910
2019 $700 $10,500 $2,100 $8,400
2018 $701 $8,410 $1,680 $6,730
2017 $697 $7,670 $1,530 $6,140
2016 $676 $5,620 $1,120 $4,500
2015 $625 $4,880 $970 $3,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5079872

Arizona Regional Multiple Listing Service (ARMLS)
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