NOT LISTED FOR SALE

3010 N 37th St Phoenix, AZ 85018

Camelback East Village Neighborhood
-- Bed
1 Bath
832 Sq Ft
0.46 Acres

Last Sold September 29, 2017

Last sale price $2,050,000 $2,464 Per Sq Ft

51 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of September 2017

INVESTMENT OPPORTUNITY - 7 Units 100% occupied. All 3 bed 2.5 bath 1,680+ sq ft, most with 2 car garage. No HOA, 2017 Build, low maintenance. Tenants pay all utilities. A NNN investment with $118,600 NOI! New build means no major capital expenditures for 7-10 years. Also, units are platted as single family attached, so re-sale potential in 5-7 years can add significant residual return. Area is exploding with new infill and national builders in the area like DR Horton selling-out their infill communities. Units are close to shopping, employment, entertainment, restaurants and transportation corridors. NOTE: Seller accepting offers only for the purchase of of 14 units at this time - See MLS 5615341 for additional 7 units at 3120 N 37th St - Same design, 2017 build and 100% leased.

Last Agent to Sell the Property

Steven Skarphol

HomeSmart License #BR019829000 Listed on: 06/05/2017

HomeSmart

Co-Listed By

Lisa Potter

HomeSmart License #SA546370000

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 2017

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 15 Parking Spaces
  • 12 Covered Spaces

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for landscaping
  • Tax Lot 1
  • Assessor Parcel Number 127-22-178

Community Details

Overview

  • 4 Buildings
  • 7 Units
  • Building Dimensions are 67 x 303
  • Grove On 37Th South Subdivision

Building Details

  • Operating Expense $25,847
  • Gross Income $144,161
  • Net Operating Income $118,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,400

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Cross Street: 36th St and Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Year Built: 2017
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Private Street
  • Professional Management Expense: 11890.0
  • Co List Office Mls Id: cril12
  • Co List Office Phone: 602-230-7600
  • Subdivision Name: GROVE ON 37TH SOUTH
  • Garage Yn: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 15.0
  • Garage Details: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Auto Door Opener: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 67 x 303
  • Additional Parcels: Yes
  • Parcel #: 127-22-178

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 7
  • Annual Gross Income: 144161.4
  • Insurance Expense: 4357.0
  • Property Net Operating Income: 118600.0
  • Annual Operating Expense: 25847.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 8400.0
  • Tax Book Number: 127.00
  • Tax Lot: 1

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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
09/29/2017 09/29/17 Sold $2,050,000 -4.6% $2,464 / Sq Ft
07/26/2017 07/26/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $2,149,900 -- $2,584 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

  • Steven Skarphol

    Seller's Agent in 2017

    Steven Skarphol

    HomeSmart

    (602) 317-5164

    4 in this area

    45 Total Sales

    Steven Skarphol
    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Lisa Potter

    HomeSmart

    Section Image
  • Victoria Miachika

    Buyer's Agent in 2017

    Victoria Miachika

    REI Marketing

    (602) 459-0353

    5 in this area

    10 Total Sales

    Victoria Miachika
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5615342

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-22-020

Arizona Maricopa County Phoenix 85018 Camelback East Village

3010 N 37th St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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