NOT LISTED FOR SALE

2718 N 40th St Phoenix, AZ 85008

Camelback East Village Neighborhood
12 Beds
6 Baths
778 Sq Ft
1960 Built

Last Sold May 15, 2018

Last sale price $550,000 $707 Per Sq Ft

2 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of May 2018

Don't miss this unique property! 6 individual houses on one lot. Each unit has heat-pump and a fenced yard with their own carport. Close to shopping centers and the free way.

Last Agent to Sell the Property

Imelda Reyes

eXp Realty License #SA555249000 Listed on: 03/22/2018

eXp Realty

Last Buyer's Agent

Serge Martinez

West USA Realty License #SA564950000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,403

Year Built

  • Built in 1960

Home Design

  • Composition Roof
  • Stucco

Parking

  • 12 Parking Spaces
  • 6 Covered Spaces
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Creighton Elementary School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water
  • Assessor Parcel Number 120-01-032-B

Community Details

Overview

  • 6 Buildings
  • 6 Units
  • Building Dimensions are 82X325

Building Details

  • Operating Expense $13,984
  • Gross Income $54,417
  • Net Operating Income $44,519

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,403

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Thomas & 40th St Directions
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Year Built: 1960
  • Tax Year: 2017
  • Road Surface Type: Gravel, Dirt, Private Street
  • Tax Parcel Letter: B
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Other, See Remarks
  • Roof: See Remarks, Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Assigned, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Irrigation
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1920.0
  • Annual Water Sewer Expense: 2680.0

Schools

  • Elementary School: Creighton Elementary School

Lot Info

  • Lot Size: 82X325
  • Additional Parcels: No
  • Parcel #: 120-01-032-B

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 54417.0
  • Insurance Expense: 3325.0
  • Maintenance Expense: 3234.0
  • Property Net Operating Income: 44519.0
  • Annual Operating Expense: 13984.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2403.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
05/15/2018 05/15/18 Sold $550,000 -1.8% $707 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $560,000 -- $720 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Imelda Reyes

    Seller's Agent in 2018

    Imelda Reyes

    eXp Realty

    (602) 679-7757

    2 in this area

    153 Total Sales

    Imelda Reyes
    Section Image

  • S

    Buyer's Agent in 2018

    Serge Martinez

    West USA Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5740164

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85008 Camelback East Village

2718 N 40th St, 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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