$139,900
SOLD AUG 27, 2014
-- Bed
-- Bath
1,728 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$81 Per Sq Ft

64 Days on Market

Highlights

  • Cooling Available
  • The Creighton Academy Rated 10
  • Heat Pump System

About This Home

As of April 2017

This fully-occupied Triplex is centrally located in Phoenix close to hospitals, schools, shopping and downtown Phoenix. It is tucked-away in a quiet pocket behind a church where the neighbors are predominantly families. The owner has spent over 40K in the last 12 months rehabbing the property which is now complete. Just some of the improvements include: rehabbing the interiors; replacing all 3 AC’s; replacing the roof; and upgrading the electrical and plumbing. Carports could easily be converted to garages which would significantly increase rents. Purchase as an investment with great cash flow or for owner-occupancy with offsetting costs. Do not disturb tenants as they are unaware the property is for sale. Buyer to verify all facts and figures to their satisfaction.

Last Agent to Sell the Property

Ken Tasopulos

Better Homes & Gardens Real Estate SJ Fowler License #SA524907000 Listed on: 05/20/2014

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Jose Munoz

DPR Realty LLC License #SA530866000

DPR Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $563

Year Built

  • Built in 1950

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 53
  • Assessor Parcel Number 120-21-099-M

Community Details

Overview

  • 3 Units
  • Building Dimensions are 0.17 Acres
  • Rhoades Park Subdivision

Building Details

  • Operating Expense $3,643
  • Gross Income $16,936
  • Net Operating Income $13,293

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$563

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Cross Street: 32nd ST. & THOMAS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2013
  • Directions: South on 32nd St.to Monte Vista Rd./ West on Monte Vista to 31st / South on 31st to Hubbell / East on Hubbell to property / Last building on left behind a small church.
  • Road Surface Type: Asphalt
  • Subdivision Name: RHOADES PARK
  • Tax Parcel Letter: M
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1650.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 0.17 Acres
  • Additional Parcels: No
  • Parcel #: 120-21-099-M

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 16936.2
  • Insurance Expense: 600.0
  • Maintenance Expense: 830.0
  • Property Net Operating Income: 13293.0
  • Annual Operating Expense: 3643.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 563.0
  • Tax Book Number: 120.00
  • Tax Lot: 53

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/06/2017 04/06/17 Sold $185,000 0.0% $107 / Sq Ft
02/07/2017 02/07/17 For Sale $185,000 +32.2% $107 / Sq Ft
08/27/2014 08/27/14 Sold $139,900 0.0% $81 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $139,900 +249.8% $81 / Sq Ft
02/28/2012 02/28/12 Sold $40,000 -33.2% $76 / Sq Ft
01/26/2012 01/26/12 Pending -- -- --
09/24/2011 09/24/11 For Sale $59,900 -- $114 / 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: 5118478

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-21-099M