NOT LISTED FOR SALE
10 Beds
8 Baths
1,461 Sq Ft
1983 Built

Sale Details

Date Sold: December 9, 2019

Last sale price $660,000 $452 Per Sq Ft

140 Days on Market

Highlights

  • Cooling Available
  • Heating Available
  • 4-minute walk to Palomino Park
  • Paradise Valley High School Rated A

About This Home

As of December 2019

Paradise Park Estate is a fully rented 8 units in the heart of Phoenix. These apartments back up to a beautiful park. This property features 6 one bedroom one bath units and 2 two bedroom one bath units. Shared court yard for all units. All have central air and leased laundry equipment. Tenants pay for there own electric and owner has them for about 28 years. Rents have not been raised in years currently from 450-550. A great value add opportunity. Drive by only tenants are unaware of sale. All facts figures are approximate buyer verify mls information

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 06/03/2019

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Ryon Genet

Balboa Realty, LLC License #SA663529000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,908

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, trash collection, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 214-37-033

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are irr
  • Paradise Park Estates Amd Lot 30 Subdivision

Building Details

  • Operating Expense $18,459
  • Gross Income $63,840
  • Net Operating Income $47,289

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,908

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Greenway & 30th ST
  • Property Type: Multiple Dwellings
  • Zoning: [R-3]
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: grcr001
  • Co List Office Phone: 602-975-5516
  • Subdivision Name: PARADISE PARK ESTATES AMD LOT 30
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Dishwasher

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: Open
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 4500.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 214-37-033

Multi Family

  • Owner Pays: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1275.0
  • Annual Gross Income: 63840.0
  • Insurance Expense: 2368.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 47289.0
  • Annual Operating Expense: 18459.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1908.0
  • Tax Lot: 21
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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
12/09/2019 12/09/19 Sold $660,000 -5.7% $452 / Sq Ft
12/01/2019 12/01/19 For Sale $699,900 0.0% $479 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $699,900 -- $479 / 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 $2,147 $21,012 -- --
2024 $2,048 $20,011 -- --
2023 $2,048 $71,580 $14,310 $57,270
2022 $2,027 $49,970 $9,990 $39,980
2021 $2,033 $45,320 $9,060 $36,260
2020 $1,970 $39,850 $7,970 $31,880
2019 $1,973 $32,230 $6,440 $25,790
2018 $1,908 $31,350 $6,270 $25,080
2017 $1,829 $25,000 $5,000 $20,000
2016 $1,799 $22,680 $4,530 $18,150
2015 $1,665 $19,010 $3,800 $15,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5934524

Arizona Regional Multiple Listing Service (ARMLS)
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