NOT LISTED FOR SALE
1 Bed
1 Bath
-- Sq Ft
871 Sq Ft Lot

Sale Details

Date Sold: May 15, 2015

Last sale price $937,500

32 Days on Market

Highlights

  • Heated Community Pool
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of May 2015

Papago View Apartments is a 20U complex comprised of five buildings with 4 units each.**100% OCCUPIED** Built with solid block construction in 1964, this low density, single level complex sports a laundry, swimming pool and workshop area. The unit mix is 15 one bedroom units and five two bedroom units, all with air conditioning. Several units have a private yard but all units have a green courtyard space.**UNDER NO CIRCUMSTANCES WALK OR TOUR THE PROPERTY WITHOUT AN APPOINTMENT** IT IS VERY SECLUDED AND YOU WILL BE CAUGHT by onsite manager * *Exterior inspection available upon appointment, contact listing broker for exterior inspection.**INTERIOR INSPECTION UPON ACCEPTED CONTRACT ONLY unless a unit might vacate
**ALL ITEMS OF CONCERN TO BE VERIFIED PRIOR TO END OF DUE DILLIGENCE*

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 01/05/2015

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 01/05/2015

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,275

Year Built

  • Built in 1964

Lot Details

  • 871

Home Design

  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 26
  • Assessor Parcel Number 125-05-026

Community Details

Overview

  • 5 Buildings
  • 20 Units
  • Building Dimensions are irr
  • Papago Addition 3 Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $50,834
  • Gross Income $121,662
  • Net Operating Income $70,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,275

Year Built

Built in 1964

Lot Details

871 Sq Ft Lot

Listing Details

  • Cross Street: McDowell/52nd Street
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7304.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: Papago Addition 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 20.0
  • Total Parking Spaces: 20.0
  • General Property Description:Uncvrd Parking Spcs: 20.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Wall/Window Unit(s)
  • Heating: Individual, Central, Window/Wall Unit(s), Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 9000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 125-05-026

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 20
  • Electric Expense: 3600.0
  • Annual Gross Income: 121662.0
  • Insurance Expense: 3655.0
  • Maintenance Expense: 15000.0
  • Property Net Operating Income: 70900.0
  • Annual Operating Expense: 50834.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 6275.0
  • Tax Book Number: 125.00
  • Tax Lot: 26
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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
05/15/2015 05/15/15 Sold $937,500 -5.8% --
02/06/2015 02/06/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $995,000 -- --
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 $9,147 $71,671 -- --
2024 $8,526 $68,258 -- --
2023 $8,526 $215,750 $43,150 $172,600
2022 $8,219 $119,650 $23,930 $95,720
2021 $8,356 $130,360 $26,070 $104,290
2020 $8,202 $106,900 $21,380 $85,520
2019 $8,171 $73,750 $14,750 $59,000
2018 $7,696 $63,980 $12,790 $51,190
2017 $7,373 $56,960 $11,390 $45,570
2016 $7,213 $52,000 $10,400 $41,600
2015 $6,770 $44,000 $8,800 $35,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5218046

Arizona Regional Multiple Listing Service (ARMLS)
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