NOT LISTED FOR SALE

2725 E Southgate Ave Phoenix, AZ 85040

South Mountain Neighborhood
-- Bed
-- Bath
3,240 Sq Ft
8,276 Sq Ft Lot

Last Sold October 09, 2015

Last sale price $255,000 $79 Per Sq Ft

36 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of October 2015

What a cash cow!!! Bring your offers now seller is very motivated to sell!!! 7 units on one lot a 4 plex in front and a 3 plex in back. Fully rented 100% all 2 bedrooms and 3 bedrooms units!!! Rents are all 500 to 575 a month. Your buyer will get a great return on investment. Over a 13% cap if self managed. All facts and figures are approximate buyer verify MLS info. Drive by only. Seller is also selling 2806 e Atlanta with high returns for $140,000.00 4 plex

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 08/12/2015

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

George Akers

Better Homes & Gardens Real Estate SJ Fowler License #SA533875000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1986

Lot Details

  • 8,276

Home Design

  • Wood Frame Construction
  • Built-Up Roof

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 66
  • Assessor Parcel Number 122-20-111-B

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $13,600
  • Gross Income $44,460
  • Net Operating Income $33,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: 24th Street and Jones
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 2
  • Year Built: 1986
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 2000.0
  • Annual Water Sewer Expense: 3500.0

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 122-20-111-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Electric Expense: 200.0
  • Annual Gross Income: 44460.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 33860.0
  • Annual Operating Expense: 13600.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Book Number: 122.00
  • Tax Lot: 66
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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
10/09/2015 10/09/15 Sold $255,000 +4.1% $79 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
08/12/2015 08/12/15 For Sale $245,000 -- $76 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2015

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    76 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • George Akers

    Buyer's Agent in 2015

    George Akers

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 390-4589

    23 Total Sales

    George Akers
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5319871

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-20-111B

Arizona Maricopa County Phoenix 85040 South Mountain

2725 E Southgate Ave, 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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