NOT LISTED FOR SALE
40 Beds
-- Bath
3,441 Sq Ft
1961 Built

Last Sold December 15, 2015

Last sale price $1,600,000 $465 Per Sq Ft

61 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Chilled Water System

About This Home

As of December 2015

PROPERTY TOURS BY APPOINTMENT ONLY. The Brisbane Apartments consist of three separate garden-style buildings containing 22 one-bed/one-bath units, 5 two-bed/one-bath units, 1 two-bed/two-bath unit, and 2 three-bedroom/two-bath units located on one tax parcel. There are three rental buildings of block construction with pitched composition roofing. The property offers amenities such as on-site laundry, a swimming pool, covered parking and a lush courtyard. Most units have tile in kitchens, hallways and bathrooms with full-size appliances. 17 of the total 30 units have been upgraded with tiled shower-tub surrounds, granite counter tops, new cabinets, new fixtures and appliances. The property is master-metered for electricity with central air-conditioning provided via main chiller & boiler

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 10/02/2015

Last Buyer's Agent

Victoria Miachika

REI Marketing License #BR639322000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,612

Year Built

  • Built in 1961

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Kitchen

  • Chilled Water System

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 36 Parking Spaces
  • 34 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 15
  • Assessor Parcel Number 127-22-021

Community Details

Overview

  • 3 Buildings
  • 30 Units
  • Building Dimensions are iregular
  • Citrus Acres Lots 21 60 Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Gross Income $6,460
  • Net Operating Income $139,373

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,612

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: Thomas Rd.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H, R-4
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2015
  • Directions: Thomas Road to 36th Street, north to property on east side of road
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 10500.0
  • Subdivision Name: CITRUS ACRES LOTS 21-60
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 34.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 36.0
  • General Property Description:Covered Parking Spcs: 34.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 36.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Chiller System
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Fuel Expense: 7200.0
  • Trash Expense: 3095.0
  • Annual Water Sewer Expense: 25000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: iregular
  • Additional Parcels: No
  • Parcel #: 127-22-021

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: None
  • Number Of Units Total: 30
  • Electric Expense: 22380.0
  • Annual Gross Income: 6460.0
  • Insurance Expense: 7200.0
  • Maintenance Expense: 8000.0
  • Property Net Operating Income: 139373.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 12612.0
  • Tax Book Number: 127.00
  • Tax Lot: 15

Range of Values:

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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 Change Sq Ft Price
12/15/2015 12/15/15 Sold $1,600,000 -15.6% $465 / Sq Ft
12/02/2015 12/02/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $1,895,000 -- $551 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5352396

Arizona Regional Multiple Listing Service (ARMLS)