NOT LISTED FOR SALE
14 Beds
8 Baths
1,568 Sq Ft
1980 Built

Last Sold October 22, 2018

Last sale price $975,000 $622 Per Sq Ft

92 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of October 2018

Casa Bonita is a two-story apartment building that is 100% condo-mapped, allowing a future owner multiple exit strategies. Even though it is condo-mapped, there is no HOA currently on the property. The 8 condominiums average 869sf and are comprised of (2) 1BD/1BA units that are 775sf and (6) 2BD/1BA units that are 900sf. The individually-metered units are comprised of wood frame and stucco and the total building size is 6,950sf.
Only one of the eight units has been renovated (new flooring, appliances, countertops, cabinets, fixtures, new bathroom and stackable washer/dryer) and has seen a rent increase of $100 because of those renovations. New owner can add stackable washer/dryer to every unit.

Last Agent to Sell the Property

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000 Listed on: 05/31/2018

SVN/Desert Commercial Advisors

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,839

Year Built

  • Built in 1980

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 12 Parking Spaces
  • 8 Covered Spaces

Schools

  • Creighton Elementary School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 127-31-125

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 84'x182'

Building Details

  • Operating Expense $25,807
  • Gross Income $87,985
  • Net Operating Income $62,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,839

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 32nd St and Indian School
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1980
  • Tax Year: 2017
  • Directions: On 32nd St head south to Earll Dr and then go east. Do not disturb tenants
  • Road Surface Type: Asphalt
  • Professional Management Expense: 5303.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: See Remarks, Tile, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Trash Expense: 1848.0
  • Annual Water Sewer Expense: 3840.0

Schools

  • Elementary School: Creighton Elementary School

Lot Info

  • Lot Size: 84'x182'
  • Additional Parcels: No
  • Parcel #: 127-31-125

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1614.0
  • Annual Gross Income: 87985.2
  • Insurance Expense: 1488.0
  • Maintenance Expense: 3438.0
  • Property Net Operating Income: 62579.0
  • Annual Operating Expense: 25807.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4839.0
  • Tax Book Number: 127.00
  • Tax Lot: 0

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
10/22/2018 10/22/18 Sold $975,000 -2.5% $622 / Sq Ft
09/20/2018 09/20/18 Price Changed $1,000,000 0.0% $638 / Sq Ft
08/09/2018 08/09/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $1,000,000 0.0% $638 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $1,000,000 -- $638 / 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: 5773540

Arizona Regional Multiple Listing Service (ARMLS)