NOT LISTED FOR SALE

2940 W Vermont Ave Phoenix, AZ 85017

Grandview Neighborhood
-- Bed
-- Bath
2,725 Sq Ft
9,148 Sq Ft Lot

Last Sold March 01, 2013

Last sale price $93,000 $34 Per Sq Ft

6 Days on Market

Highlights

  • Evaporated cooling system
  • Ceiling Fan
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2013

Great investment opportunity with good cap rate over 9%. Do your own management and make even more! This property will return much more than a single family property for the same price and offer less vacancy risk. All units recently painted and have tile floors, window coverings and appliances. Three units with a/c units and one with evap cooler. Low maintenance desert landscaping and individually metered gas and electric. One bedroom units rented between $325 and $375 and the two bedroom, 1.5 bath unit rents for $425. Great upside potential! Please do not disturb the tenants.

Last Agent to Sell the Property

Susan Job

HomeSmart License #SA625214000 Listed on: 12/21/2012

HomeSmart

Last Buyer's Agent

Robbie Bechtel

Norris Management License #BR631137000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,023

Year Built

  • Built in 1962

Lot Details

  • 9,148

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking

Schools

  • Cordova Primary Elementary School
  • Cordova Middle School
  • Alhambra High School

Utilities

  • Evaporated cooling system
  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 6
  • Assessor Parcel Number 153-18-007-G

Community Details

Overview

  • 4 Units
  • Building Dimensions are 65 x 140.38

Building Details

  • Operating Expense $7,401
  • Net Operating Income $9,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,023

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 35th Ave & Bethany Home Rd.
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2012
  • Directions: S on 35th Ave to Missouri, E to 29th Ave, S on 29th Ave to Vermont, W to property.
  • Road Surface Type: Asphalt, Dedicated Street
  • Professional Management Expense: 1770.0
  • Tax Parcel Letter: G
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Electric, Evaporative Cooling, Ceiling Fan(s)
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2200.0

Schools

  • Elementary School: Cordova Primary School
  • High School: Alhambra High School
  • Middle Or Junior School: Cordova Middle School

Lot Info

  • Lot Size: 65 x 140.38
  • Additional Parcels: No
  • Parcel #: 153-18-007-G

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Insurance Expense: 1208.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 9700.0
  • Annual Operating Expense: 7401.0
  • Vacancy Allowance Rate: 900.0

Tax Info

  • Tax Annual Amount: 1023.0
  • Tax Book Number: 153.00
  • Tax Lot: 6

Range of Values:

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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 Change Sq Ft Price
03/01/2013 03/01/13 Sold $93,000 -11.3% $34 / Sq Ft
12/27/2012 12/27/12 Pending -- -- --
12/21/2012 12/21/12 For Sale $104,900 -- $38 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Susan Job

    Seller's Agent in 2013

    Susan Job

    HomeSmart

    (602) 292-4874

    21 Total Sales

    Susan Job
    Section Image
  • Robbie Bechtel

    Buyer's Agent in 2013

    Robbie Bechtel

    Norris Management

    (520) 840-2343

    1 Total Sale

    Robbie Bechtel
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4865597

Arizona Regional Multiple Listing Service (ARMLS)

APN: 153-18-007G

Arizona Maricopa County Phoenix 85017 Grandview

2940 W Vermont Ave, Phoenix, AZ

This home is located at 2940 W Vermont Ave, Phoenix, AZ 85017 since 21 December 2012. This property was built in 1962. 2940 W Vermont Ave is a home located in Maricopa County with nearby schools including Cordova Middle School, Alhambra High School, and Phoenix Coding Academy.

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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