NOT LISTED FOR SALE

Estimated Value: $955,000 - $1,374,839

Studio
-- Bath
2,614 Sq Ft
$449/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $1,150,000 $440 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,225/month

7 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of August 2022

Great Investment Opportunity! Perfect fix-up! All Original Central Corridor 4 Plex built in 1950. This is an estate sale. 3940 sq ft (Total Livable) Includes two 2 bedroom, 2 bath units (On 1st street) and One 2 bedroom 1-1/2 bath and One 1 bedroom, 1bath units. Large Grass quad area and covered back patio. 3 covered parking spaces and 8 uncovered or ''off street' parking. This is a fantastic re-hab opportunity located in one of the best North Central areas of Phoenix. Walking distance to shopping, restaurants, light rail and more! This property is a blank canvas, Bring your dreams and get started!

Last Agent to Sell the Property

James Russell

AZ Russell Realty License #BR023111000 Listed on: 07/07/2022

Last Buyer's Agent

Tony Feiter

Avery Properties, LLC License #BR508410000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,093

Year Built

  • Built in 1952

Lot Details

  • 0.47

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 8 Open Parking Spaces
  • 11 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 24
  • Assessor Parcel Number 155-27-030-A

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 20,300
  • St Francis Place Subdivision

Building Details

  • Operating Expense $5,783
  • Gross Income $62,400
  • Net Operating Income $54,941

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,093

Year Built

Built in 1952

Lot Details

0.47 Acres

Listing Details

  • Cross Street: Central Ave & Camelback RD - Phoenix, AZ
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Year Built: 1952
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 936.0
  • Subdivision Name: ST FRANCIS PLACE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick Veneer, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Other (See Remarks)24: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 20,300
  • Additional Parcels: No
  • Parcel #: 155-27-030-A

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 62400.0
  • Insurance Expense: 651.0
  • Maintenance Expense: 352.0
  • Property Net Operating Income: 54941.0
  • Annual Operating Expense: 5783.0

Tax Info

  • Tax Annual Amount: 2093.0
  • Tax Book Number: 155.00
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 5, 2022
Sold by
Stanford Re Holdings Llc
Bought by
33 Mariposa Llc
Seller's Agent
James Russell
AZ Russell Realty
Buyer's Agent
Tony Feiter
Avery Properties, LLC
List Price
$1,395,000
Sold Price
$1,150,000
Premium/Discount to List
-$245,000
-17.56%
Current Estimated Value
$1,173,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,460
Avg. Annual Appreciation
0.57%

Purchase Details

Closed on
Oct 6, 2021
Sold by
Century 2000 Trust and Stanford Stanley T
Bought by
Stanford Re Holdings Llc and Crs 1St Street Llc

Purchase Details

Closed on
Jan 21, 1998
Sold by
Spencer Development Corp
Bought by
Autozone Inc

Purchase Details

Closed on
Sep 5, 1995
Sold by
Chrysler First Business Credit Corp
Bought by
Spencer Development Corp
Source: Public Records
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

Purchase History

Date Buyer Sale Price Title Company
33 Mariposa Llc $1,150,000 Lawyers Title
Stanford Re Holdings Llc -- None Listed On Document
Autozone Inc $500,000 First American Title
Spencer Development Corp $250,000 North American Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $1,150,000 -17.6% $440 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $1,395,000 -- $534 / Sq Ft
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 $2,377 $18,305 -- --
2024 $2,054 $17,433 -- --
2023 $2,054 $83,170 $16,630 $66,540
2022 $2,044 $59,710 $11,940 $47,770
2021 $2,093 $51,460 $10,290 $41,170
2020 $2,038 $41,600 $8,320 $33,280
2019 $1,946 $32,900 $6,580 $26,320
2018 $1,878 $28,970 $5,790 $23,180
2017 $1,716 $25,780 $5,150 $20,630
2016 $1,653 $20,030 $4,000 $16,030
2015 $1,539 $15,930 $3,180 $12,750
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6429463

Arizona Regional Multiple Listing Service (ARMLS)

APN: 155-27-030A

Your Personal Tour Guide

Ask me questions while you tour the home.