NOT LISTED FOR SALE

3545 E Southern Ave Phoenix, AZ 85040

South Mountain Neighborhood
17 Beds
11 Baths
1,200 Sq Ft
1960 Built

Last Sold October 14, 2013

Last sale price $140,000 $117 Per Sq Ft

153 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of October 2013

Great money maker on prime commercial lot - C-2 zoning - Owner's retirement is your gain! Two 2 BR homes and 9 Trailers - 2000 square foot storage building too - Mountain views - Many of the trailers are antique, could be remodeled and resold - All homes are furnished - Video security system - On site laundry - Shared hot water - Owner has been managing and doing repairs *** PLEASE DO NOT DISTURB THE TENANTS *** This is an As-Is sale

Last Agent to Sell the Property

Burton Cagen

AZ Brokerage Holdings, LLC License #SA017956000 Listed on: 04/24/2013

AZ Brokerage Holdings, LLC

Last Buyer's Agent

Charles Holinka

Pinnacle Real Estate & Investments License #SA639841000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Tax Lot 47
  • Assessor Parcel Number 122-81-018-A

Community Details

Overview

  • 12 Buildings
  • 11 Units
  • Building Dimensions are 208 X 222

Building Details

  • Operating Expense $26,090
  • Gross Income $71,815
  • Net Operating Income $49,835

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 36th Street - Southern SW Corner
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: C - 2
  • Number Of Buildings: 12
  • Year Built: 1960
  • Tax Year: 2012
  • Directions: Southwest Corner
  • Road Surface Type: Gravel, Dirt
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Master Meter
  • Cooling: Evaporative Cooling
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Electric Master Meter: 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:Unfurnished: Yes
  • Interior Amenities:Furnished: Yes

Lot Info

  • Lot Size: 208 X 222
  • Additional Parcels: No
  • Parcel #: 122-81-018-A

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 11
  • Electric Expense: 9135.0
  • Annual Gross Income: 71815.2
  • Insurance Expense: 1200.0
  • Maintenance Expense: 11645.0
  • Property Net Operating Income: 49835.0
  • Annual Operating Expense: 26090.0
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 4110.0
  • Tax Book Number: 122.00
  • Tax Lot: 47

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
10/14/2013 10/14/13 Sold $140,000 -39.1% $117 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
04/20/2013 04/20/13 For Sale $230,000 -- $192 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Burton Cagen

    Realty Executives

    Section Image

  • C

    Buyer's Agent in 2013

    Charles Holinka

    Pinnacle Real Estate & Investments

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4925608

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85040 South Mountain

3545 E Southern Ave, Phoenix, AZ

This home is located at 3545 E Southern Ave, Phoenix, AZ 85040 since 24 April 2013. This property was built in 1960. 3545 E Southern Ave is a home located in Maricopa County with nearby schools including Cloves C. Campbell, Sr. Elementary School, South Mountain High School, and Phoenix Coding Academy.

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

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