NOT LISTED FOR SALE

Estimated Value: $663,823

-- Bed
-- Bath
2,354 Sq Ft
$282/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $669,000 $284 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,855/month

156 Days on Market

Highlights

  • Display Windows
  • Concrete Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

Owner/user or investment opportunity. Fully leased storefront retail/office, multi-tenant building with 3 suites, owner occupies 1 and will lease back. Situated on the west side of 24th St just north of Thomas Rd, only 2 miles south of Biltmore Fashion park. The property offers significant visibility along heavily trafficked 24th St, and is well suited for various service-oriented boutique retailers. Extremely popular neighborhood submarket with strong fundamentals, top tier demographics, and desirability. Close to major freeways SR - 51 (0.45 mi) and I-10 (1.4 mi). Recently underwent extensive renovation and updating inside and out, with 200 amp electrical service in each suite. Large yard in back for storage or additional parking.

Last Agent to Sell the Property

Shawn Beaird

Real Broker License #BR633945000 Listed on: 05/24/2024

Co-Listed By

Derek Daiza

Real Broker License #SA706968000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,570

Year Built

  • Built in 1945

Lot Details

  • 7,650 Sq Ft Lot
  • Property fronts an alley
  • Property is zoned C-2

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 2,354 Sq Ft Home
  • Display Windows
  • Concrete Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Heat Pump System
  • Master Water Meter

Community Details

  • Operating Expense $16,493
  • Gross Income $61,344
  • Net Operating Income $45,379

Listing and Financial Details

  • Assessor Parcel Number 119-17-054-D

Property Details

Property Type

Other

Est. Annual Taxes

$4,570

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Thomas and 24th St
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Lot Size Acres: 0.18
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: realbr019
  • Co List Office Phone: 480-359-6519
  • Structure Type: Commercial
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 2354.0

Exterior Features

  • Fencing: Other
  • Disclosures: Seller Prop Disc Stm, ALTA Survey Availbl
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: Over 220 Amp, Master Meter, SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Green Building Features: Display Window(s)
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes

Association/Amenities

  • Amenities:Display Window(s): Yes

Fee Information

  • Trash Expense: 1366.0
  • Annual Water Sewer Expense: 516.0

Lot Info

  • Lot Size Sq Ft: 7650.0
  • Parcel #: 119-17-054-D
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 1996.0
  • Annual Gross Income: 61344.0
  • Insurance Expense: 4645.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 45379.0
  • Annual Operating Expense: 16493.0

Tax Info

  • Tax Annual Amount: 4570.0
  • Tax Book Number: 119.00
  • Tax Lot: 0
  • Tax Map Number: 17.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Nov 13, 2024
Sold by
3010 Pinchot Llc
Bought by
Tmi Investment Group Llc
Seller's Agent
Shawn Beaird
Real Broker
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$675,000
Sold Price
$669,000
Premium/Discount to List
-$6,000
-0.89%
Views
32
Current Estimated Value
$663,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,177
Avg. Annual Appreciation
-1.11%

Purchase Details

Closed on
Mar 4, 2020
Sold by
Amelio C Enterprises Inc
Bought by
3010 Pinchot Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2009
Sold by
Amelio C Enterprises Inc
Bought by
Shadyside Llc

Purchase Details

Closed on
Jun 10, 1996
Sold by
Cactus Candy Company
Bought by
Amelio C Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.32%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tmi Investment Group Llc $669,000 Thomas Title & Escrow Llc
Tmi Investment Group Llc $669,000 Thomas Title & Escrow Llc
3010 Pinchot Llc $237,500 Security Title Agency
Shadyside Llc -- None Available
Amelio C Enterprises Inc $75,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 3010 Pinchot Llc $270,000
Previous Owner Amelio C Enterprises Inc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $669,000 -0.9% $284 / Sq Ft
05/24/2024 05/24/24 For Sale $675,000 -- $287 / 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 $4,521 $33,468 -- --
2024 $4,570 $32,871 -- --
2023 $4,570 $44,098 $28,390 $15,708
2022 $4,519 $39,830 $25,375 $14,455
2021 $4,762 $40,608 $26,100 $14,508
2020 $4,646 $39,222 $24,858 $14,364
2019 $4,613 $36,576 $22,968 $13,608
2018 $4,518 $31,608 $18,126 $13,482
2017 $4,344 $31,068 $18,126 $12,942
2016 $4,175 $27,702 $16,038 $11,664
2015 $3,992 $24,383 $13,875 $10,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6710108

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-17-054D