NOT LISTED FOR SALE

3208 W Indian School Rd Phoenix, AZ 85017

Alhambra Neighborhood
6 Beds
6 Baths
500 Sq Ft
1977 Built

Last Sold August 12, 2016

Last sale price $310,000 $620 Per Sq Ft

20 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • No Heating
  • Phoenix Coding Academy Rated A

About This Home

As of August 2016

6 units and a 1900 SF retail building on three parcels. in place 10% CAP with current cash flow at list price. Easy value-add play with rent bumps to derive 11.8% CAP rate for the 6 (1X1) residential units which are block constructed with pitched roofs. The 1900 SF commercial building, currently leased to a Tavern for $2,000/month, is situated on a parcel zoned C-2 making a variety of uses along busy Indian School road possible. Assuming the value of the 1900 SF commercial building to be at $85.00/SF, this puts the apartments at $30,000 per unit. In place cash flow with significant upside play for additional rent growth.

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 05/13/2016

Last Buyer's Agent

Chris Norton

Get Multifamily License #SA641078000

Get Multifamily

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,455

Year Built

  • Built in 1977

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces

Utilities

  • Evaporated cooling system
  • No Heating

Community Details

  • 3 Buildings
  • 7 Units
  • Building Dimensions are irreg
  • Verba Gardens Subdivision

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 154-24-053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,455

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Cross Street: Indian School and 32nd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: C-C, C-2, R-6,
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1977
  • Tax Year: 2015
  • Directions: Indian School road to 32nd avenue- property on north side of indian school Road
  • Road Surface Type: Gravel, Dirt, Asphalt, Concrete
  • Subdivision Name: VERBA GARDENS
  • 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

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: City Franchise
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Other (See Remarks)51: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: Yes
  • Parcel #: 154-24-053

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 6455.0
  • Tax Book Number: 154.00
  • Tax Lot: 2

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
08/12/2016 08/12/16 Sold $310,000 -8.8% $620 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $340,000 -- $680 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Scott Trevey

    REI Marketing

  • C

    Buyer's Agent in 2016

    Chris Norton

    Get Multifamily

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5443704

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85017 Alhambra

3208 W Indian School Rd, Phoenix, AZ

This home is located at 3208 W Indian School Rd, Phoenix, AZ 85017 since 13 May 2016. This property was built in 1977. 3208 W Indian School Rd is a home located in Maricopa County with nearby schools including Granada East Primary School, Granada West School, and Alhambra High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Nearby Homes