$484,000
SOLD MAR 31, 2020
-- Bed
-- Bath
1,000 Sq Ft
1931 Built

Recently Sold

$484 Per Sq Ft

10% Below List Price

98 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of March 2020

Great Opportunity for Investors. 3 Individual Units. Drive By Only until fully executed contract. Do Not Disturb Tenants.

Last Agent to Sell the Property

Sonya Buerger

West USA Realty License #SA638787000 Listed on: 11/21/2019

West USA Realty

Last Buyer's Agent

manuel arellano

My Home Group Real Estate License #SA648659000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,952

Year Built

  • Built in 1931

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Free Parking

Schools

  • Garfield Elementary School
  • Phoenix Prep Academy Middle School
  • North High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 116-25-059

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Building Dimensions are Square
  • Madrona Place Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $9,352
  • Gross Income $35,162
  • Net Operating Income $30,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,952

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Cross Street: Van Buren and 13 Place
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: RES Multi
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1931
  • Tax Year: 2018
  • Directions: North on 13th Pl and property is on the West side.
  • Road Surface Type: Concrete, Curb(s) & Gutter(s)
  • Professional Management Expense: 3000.0
  • Subdivision Name: MADRONA PLACE
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
  • Construction Type: Brick Veneer, Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Garfield School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: Square
  • Additional Parcels: No
  • Parcel #: 116-25-059

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 35162.4
  • Insurance Expense: 1600.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 30606.0
  • Annual Operating Expense: 9352.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1952.0
  • Tax Book Number: 116.00
  • Tax Lot: 0

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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
03/31/2020 03/31/20 Sold $484,000 -6.7% $484 / Sq Ft
02/27/2020 02/27/20 Pending -- -- --
01/29/2020 01/29/20 Price Changed $519,000 -3.7% $519 / Sq Ft
11/21/2019 11/21/19 For Sale $539,000 +38.2% $539 / Sq Ft
11/20/2018 11/20/18 Sold $390,000 -4.9% $390 / Sq Ft
11/02/2018 11/02/18 Price Changed $409,900 0.0% $410 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
08/11/2018 08/11/18 Price Changed $409,900 0.0% $410 / Sq Ft
06/20/2018 06/20/18 For Sale $410,000 0.0% $410 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $410,000 +637.9% $410 / Sq Ft
09/11/2014 09/11/14 Sold $55,560 -7.4% $41 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $60,000 +8.0% $44 / Sq Ft
08/20/2014 08/20/14 Off Market $55,560 -- --
08/14/2014 08/14/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $60,000 +8.0% $44 / Sq Ft
08/07/2014 08/07/14 Off Market $55,560 -- --
06/25/2014 06/25/14 Pending -- -- --
06/19/2014 06/19/14 For Sale $60,000 -- $44 / 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: 6007328

Arizona Regional Multiple Listing Service (ARMLS)