$390,000
SOLD NOV 20, 2018
-- Bed
-- Bath
1,000 Sq Ft
1931 Built

Recently Sold

$390 Per Sq Ft

5% Below List Price

133 Days on Market

Highlights

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

About This Home

As of March 2020

This is a historic property that has been remodeled from top to bottom with permits. There is a two bedroom unit and a one bedroom unit-do you want the real deal? There is a one bedroom in the rear of the Duplex. The two front units are occupied-do not disturb. The one bedroom is for rent at $1,050.00 Take a look at the pictures!!! What a nice patio area and so close to downtown!! Everything done with permits. Very low maintenance.Washer and Dryer for the Tenants as well! You can have the best of the best-great for investor-Unbelievable job on the remodel!!! Pavers in the back and artificial grass in the front. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 04/27/2018

Last Buyer's Agent

Linda CCIM

Stephen Magee Int'l Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $743

Year Built

  • Built in 1931

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned 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 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 $8,143
  • Gross Income $38,749
  • Net Operating Income $30,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$743

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
  • Year Built: 1931
  • Tax Year: 2017
  • Directions: Go north on 13 place 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
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned
  • 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
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • 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

  • Community Amenities:Other18: Yes
  • 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
  • Community Amenities:See Remarks15: 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
  • 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: Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 38749.2
  • Insurance Expense: 1600.0
  • Maintenance Expense: 400.0
  • Property Net Operating Income: 30606.0
  • Annual Operating Expense: 8143.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 743.0
  • 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: 5757654

Arizona Regional Multiple Listing Service (ARMLS)