NOT LISTED FOR SALE
23 Beds
2 Baths
13,825 Sq Ft
1962 Built

Last Sold July 03, 2019

Last sale price $2,000,000 $145 Per Sq Ft

214 Days on Market

Highlights

  • Heated Community Pool
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

As of July 2019

This 14 unit property is well maintained with interiors updated approximately 12 years ago. Nice size units with a mix of one and two bedrooms. All units have back patio areas and covered parking. Each unit has 2 tandem parking spaces one is covered along with three guest spaces. Pool and onsite laundry are additional amenities. DO NOT WALK DISTURB TENANTS.

Last Agent to Sell the Property

Sandra Shaffer

Invest Southwest License #BR102761000 Listed on: 10/11/2018

Last Buyer's Agent

Sandra Shaffer

Invest Southwest License #BR102761000 Listed on: 10/11/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,329

Year Built

  • Built in 1962

Home Design

  • Composition Roof
  • Block Exterior
  • Siding

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 3 Open Parking Spaces
  • 31 Parking Spaces
  • 28 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 164
  • Assessor Parcel Number 127-21-056-A

Community Details

Overview

  • 3 Buildings
  • 14 Units
  • Building Dimensions are 41561.
  • East Citrus Acres Plat C Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $42,367
  • Gross Income $133,352
  • Net Operating Income $90,985

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,329

Year Built

Built in 1962

Listing Details

  • Cross Street: 40th St & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2018
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Professional Management Expense: 9623.0
  • Subdivision Name: EAST CITRUS ACRES PLAT C
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 28.0
  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 31.0
  • General Property Description:Covered Parking Spcs: 28.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 31.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Central A/C
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 750.0
  • Trash Expense: 2518.0
  • Annual Water Sewer Expense: 8029.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 41561.
  • Additional Parcels: No
  • Parcel #: 127-21-056-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 14
  • Electric Expense: 1959.0
  • Annual Gross Income: 133351.72
  • Insurance Expense: 3663.0
  • Maintenance Expense: 3551.0
  • Property Net Operating Income: 90985.0
  • Annual Operating Expense: 42366.58
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 7328.58
  • Tax Book Number: 127.00
  • Tax Lot: 164
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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
07/03/2019 07/03/19 Sold $2,000,000 -4.8% $145 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
11/28/2018 11/28/18 For Sale $2,100,000 0.0% $152 / Sq Ft
10/21/2018 10/21/18 Pending -- -- --
10/11/2018 10/11/18 For Sale $2,100,000 -- $152 / 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 $8,249 $61,069 -- --
2024 $7,848 $58,161 -- --
2023 $7,848 $207,900 $41,580 $166,320
2022 $7,540 $202,570 $40,510 $162,060
2021 $7,724 $183,580 $36,710 $146,870
2020 $7,535 $141,360 $28,270 $113,090
2019 $7,482 $95,450 $19,090 $76,360
2018 $7,329 $76,400 $15,280 $61,120
2017 $7,045 $67,110 $13,420 $53,690
2016 $6,773 $57,600 $11,520 $46,080
2015 $6,301 $45,050 $9,010 $36,040
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5834014

Arizona Regional Multiple Listing Service (ARMLS)
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