S
Seller's Agent in 2021
Stacy Aronica
AZ Elite Brokers
(480) 948-5554
1 in this area
10 Total Sales
3046 E Marconi Ave Phoenix, AZ 85032
Paradise Valley Village Neighborhood
8
Beds
8
Baths
2,800
Sq Ft
1984
Built
Highlights
- Cooling Available
- Ceramic Tile Flooring
- 2-minute walk to Palomino Park
- Paradise Valley High School Rated A
- Heating Available
About This Home
As of May 2021Phenomenal investor opportunity! Rare find, 7 unit apartment building including a large 3x2, one 2x1, three 1x1's and two studios. Community is adjacent to Palomino Park and convenient to both SR-51 & HWY-101, shopping and restaurants including Desert Ridge & Paradise Valley Mall.
Immediate cash flow with the flexibility to add value/increase rents. 100% occupied with quality long term tenants on month-to-month leases. Rental delinquency is zero.
Tiled living rooms, kitchens, baths, all units include washer and dryer hook-ups and are individually metered for electric. Balconies/patios and ample resident parking. Offer today!
Do not disturb tenants.
Last Agent to Sell the Property
AZ Elite Brokers License #SA630285000 Listed on: 04/22/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,786
Year Built
- Built in 1984
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
- Over 1 Space Per Unit
- Paved Parking
- On-Street Parking
Schools
- Palomino Primary Elementary School
- Greenway Middle School
- Paradise Valley High School
Utilities
- Cooling Available
- Heating Available
- Separate Meters
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 8
- Assessor Parcel Number 214-36-123
Community Details
Overview
- 7 Units
- Building Dimensions are 11,668 sqft
- Continental Plaza Unit 2 Lots 6 12 Subdivision
Building Details
- Operating Expense $11,886
- Gross Income $71,100
- Net Operating Income $60,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2021 05/12/21 | Sold | $1,050,000 | -12.5% | $375 / Sq Ft |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- |
| 04/22/2021 04/22/21 | For Sale | $1,200,000 | -- | $429 / 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 | $2,035 | $19,908 | -- | -- |
| 2024 | $1,940 | $18,960 | -- | -- |
| 2023 | $1,940 | $67,770 | $13,550 | $54,220 |
| 2022 | $1,832 | $47,300 | $9,460 | $37,840 |
| 2021 | $1,844 | $42,570 | $8,510 | $34,060 |
| 2020 | $1,786 | $37,500 | $7,500 | $30,000 |
| 2019 | $1,790 | $30,650 | $6,130 | $24,520 |
| 2018 | $1,729 | $29,780 | $5,950 | $23,830 |
| 2017 | $1,656 | $23,830 | $4,760 | $19,070 |
| 2016 | $1,629 | $30,900 | $6,180 | $24,720 |
| 2015 | $1,509 | $27,000 | $5,400 | $21,600 |
Source: Public Records
Agents Affiliated with this Home
-
Stacy Aronica
-
Houstin Engstrom
Buyer's Agent in 2021
Houstin Engstrom
Delex Realty
(602) 684-6843
2 in this area
27 Total Sales
-
Staci Smedstad
Buyer Co-Listing Agent in 2021
Staci Smedstad
DeLex Realty
(602) 882-3388
1 in this area
45 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6225750
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.
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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