NOT LISTED FOR SALE

3002 E Mckinley St Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $822,000 - $946,308

6 Beds
6 Baths
641 Sq Ft
$1,379/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $750,000 $1,170 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,947/month

167 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of March 2021

Welcome to the Six on McKinley conveniently located in the easily accessible Downtown Phoenix corridor.

Property features include updated kitchen & bath, tile flooring, all block construction, a 3 year old roof, and central A/C. All units separately metered for gas and electric. Ability to add in-suite laundry to increase rents.

Cap Rate on current rent estimated at 3.87%, with average rents of $750. ProForma Cap Rate estimated at 6.53%, based on market rents of $950 per unit.

Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Last Agent to Sell the Property

Chelsea Barraco

My Home Group Real Estate License #SA687863000 Listed on: 09/01/2020

Co-Listed By

Sophia Baron

Grace CRE License #BR648866000

Last Buyer's Agent

Donna Allman

RE/MAX Alliance Group License #SA663396000

RE/MAX Alliance Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,558

Year Built

  • Built in 1959

Lot Details

  • 0.42

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Free Parking

Schools

  • Maurice C. Cash Elementary School
  • North High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 121-71-102-B

Community Details

Overview

  • 6 Units
  • Building Dimensions are 274X75

Building Details

  • Operating Expense $13,678
  • Gross Income $64,980
  • Net Operating Income $52,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,558

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 30th Street and Roosevelt Street
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2019
  • Directions: South on 30th Street, East on McKinley to property on left hand side.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 2160.0

Schools

  • Elementary School: Maurice C. Cash Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 274X75
  • Additional Parcels: No
  • Parcel #: 121-71-102-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 6
  • Annual Gross Income: 64980.0
  • Insurance Expense: 2200.0
  • Maintenance Expense: 4000.0
  • Property Net Operating Income: 52202.0
  • Annual Operating Expense: 13678.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2558.0
  • Tax Book Number: 121.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Mar 16, 2021
Sold by
Medina Nicholas and Medina Sara M
Bought by
Value Living Phoenix Llc
Seller's Agent
Chelsea Barraco
My Home Group Real Estate
Buyer's Agent
Donna Allman
RE/MAX Alliance Group
List Price
$799,900
Sold Price
$750,000
Premium/Discount to List
-$49,900
-6.24%
Current Estimated Value
$862,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,147
Avg. Annual Appreciation
3.22%
Original Mortgage
$525,000
Interest Rate
2.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 11, 2021
Sold by
Ares Group Llc
Bought by
Medina Nicholas and Medina Sara M

Purchase Details

Closed on
Aug 13, 2019
Sold by
Medina Enterprises Llc
Bought by
Ares Group Llc

Purchase Details

Listed on
Jul 27, 2017
Closed on
Aug 24, 2017
Sold by
Rickdee Investments Llc
Bought by
Medina Enterprises Llc
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Sara Medina
HomeSmart Realty
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$281,000
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 27, 2017
Closed on
Jul 12, 2017
Sold by
Arizona Behavioral Health Corp
Bought by
Avit1 Llc
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Sara Medina
HomeSmart Realty
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 27, 2017
Closed on
Jul 11, 2017
Sold by
Avit1 Llc
Bought by
Rickdee Investments Llc
Seller's Agent
Terry Kass
R.O.I. Properties
Buyer's Agent
Sara Medina
HomeSmart Realty
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 8, 2002
Sold by
Lau Puiyee
Bought by
Arizona Behavioral Health Corp

Purchase Details

Closed on
Aug 29, 2001
Sold by
Tong Fook Hoi and Tong Tip Ning
Bought by
Lau Puiyee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
7.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 16, 1999
Sold by
Bohannon Howard W and Bohannon Judith Ann
Bought by
Tong Fook Hoi and Tong Tip Ning
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Value Living Phoenix Llc $750,000 Empire West Title Agency Llc
Medina Nicholas -- None Available
Ares Group Llc -- None Available
Medina Enterprises Llc $385,000 First Arizona Title Agency L
Avit1 Llc $250,000 American Title Service Agenc
Rickdee Investments Llc $294,000 American Title Service Agenc
Arizona Behavioral Health Corp -- Security Title Agency
Arizona Behavioral Health Corp $190,000 Security Title Agency
Lau Puiyee $168,000 Title Guaranty Agency Arizon
Tong Fook Hoi $124,500 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Value Living Phoenix Llc $2,667,500
Closed Value Living Phoenix Llc $315,000
Closed Value Living Phoenix Llc $525,000
Previous Owner Medina Enterprises Llc $281,000
Previous Owner Rickdee Investments Llc $235,000
Previous Owner Lau Puiyee $142,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2021 03/24/21 Sold $750,000 -5.7% $1,170 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/07/2021 02/07/21 Price Changed $795,000 -0.5% $1,240 / Sq Ft
01/18/2021 01/18/21 Price Changed $799,000 -0.1% $1,246 / Sq Ft
01/16/2021 01/16/21 For Sale $799,900 0.0% $1,248 / Sq Ft
01/16/2021 01/16/21 Price Changed $799,900 0.0% $1,248 / Sq Ft
10/19/2020 10/19/20 Price Changed $799,900 -4.8% $1,248 / Sq Ft
10/01/2020 10/01/20 For Sale $840,000 +12.0% $1,310 / Sq Ft
09/15/2020 09/15/20 Off Market $750,000 -- --
09/01/2020 09/01/20 For Sale $840,000 +118.2% $1,310 / Sq Ft
09/06/2017 09/06/17 Sold $385,000 0.0% $601 / Sq Ft
08/03/2017 08/03/17 Pending -- -- --
07/27/2017 07/27/17 For Sale $385,000 -- $601 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,714 $20,877 -- --
2024 $2,683 $19,883 -- --
2023 $2,683 $88,155 $17,625 $70,530
2022 $2,577 $52,665 $10,530 $42,135
2021 $2,640 $44,940 $8,985 $35,955
2020 $2,576 $45,270 $9,045 $36,225
2019 $2,558 $31,455 $6,285 $25,170
2018 $2,505 $23,520 $4,700 $18,820
2017 $0 $18,020 $3,600 $14,420
2016 $0 $12,850 $2,570 $10,280
2015 -- $13,920 $2,780 $11,140
Source: Public Records

Agents Affiliated with this Home

  • Chelsea Barraco

    Seller's Agent in 2021

    Chelsea Barraco

    My Home Group

    (518) 888-4360

    1 in this area

    19 Total Sales

    Section Image
  • Sophia Baron

    Seller Co-Listing Agent in 2021

    Sophia Baron

    Grace CRE

    (480) 375-0227

    2 in this area

    87 Total Sales

    Section Image
  • Donna Allman

    Buyer's Agent in 2021

    Donna Allman

    RE/MAX

    (480) 340-2808

    1 in this area

    141 Total Sales

    Section Image
  • Terry Kass

    Seller's Agent in 2017

    Terry Kass

    R.O.I. Properties

    (602) 330-2525

    1 in this area

    28 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Mark Skelpsa

    HomeSmart Realty

    (480) 430-5752

    13 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Sara Medina

    HomeSmart Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6125935

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-71-102B

Arizona Maricopa County Phoenix 85008 Central City

3002 E Mckinley St, Phoenix, AZ

This home is located at 3002 E Mckinley St, Phoenix, AZ 85008 since 01 September 2020 and is currently estimated at $884,154, approximately $1,379 per square foot. This property was built in 1959. 3002 E Mckinley St is a home located in Maricopa County with nearby schools including Gateway School, Camelback 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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