$1,900,000
SOLD MAY 6, 2025
-- Bed
-- Bath
12,619 Sq Ft
30,056 Sq Ft Lot

Recently Sold

$151 Per Sq Ft

14% Below List Price

13 Days on Market

Highlights

  • 0.69 Acre Lot
  • Display Windows
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Cooling Available
  • Heat Pump System

About This Home

As of May 2025

Rare C-2 Multi-Tenant property along 16th Street Corridor. Block building constructed in 1956, new foam roof 2024, suites have separately meted water & electric. Twenty-four-hour access to accommodate all tenant uses Pole sign currently being used by Crime Scene. Back of property accessible to delivery trucks for receiving shipping at tenant's back doors. Back area partially fenced off for added security. Nine (9) foot interior ceiling clearance, private bathrooms in each suite. Fully air conditioned. 200 amps available to each suite, plus Cox cable available. 1031 Ok.

Last Agent to Sell the Property

George James

Cabrillas Realty Services License #BR009390000 Listed on: 01/22/2025

Last Buyer's Agent

Boris Shalamov

HomeSmart License #SA646907000

HomeSmart

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,940

Year Built

  • Built in 1956

Lot Details

  • 0.69 Acre Lot
  • Chain Link Fence
  • Property is zoned C-2

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 12,619 Sq Ft Home
  • Display Windows
  • Concrete Flooring

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • 220 Volts

Community Details

  • Operating Expense $17,440
  • Gross Income $128,640
  • Net Operating Income $104,900

Listing and Financial Details

  • Tax Lot 119
  • Assessor Parcel Number 118-09-119

Property Details

Property Type

Other

Est. Annual Taxes

$13,940

Year Built

Built in 1956

Lot Details

0.69 Acres

Listing Details

  • Cross Street: 16th St. & Osborn
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1956
  • Tax Year: 2024
  • Lot Size Acres: 0.69
  • Road Surface Type: Dedicated Street, Sidewalk(s)
  • Structure Type: Commercial, Office
  • Electric 220: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 12619.0

Exterior Features

  • Fencing: Chain Link
  • Disclosures: None
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Parking Features Free: Yes

Utilities

  • Electric: 220 Volts, APS
  • Cooling: Heat Pump, Office A/C, Warehouse A/C
  • Heating: Heat Pump, Electric
  • Green Building Features: Display Window(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Office Heated: Yes

Association/Amenities

  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Parcel #: 118-09-119
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 128640.0
  • Insurance Expense: 3500.0
  • Property Net Operating Income: 104900.0
  • Annual Operating Expense: 17440.0
  • Vacancy Allowance Rate: 0.2

Tax Info

  • Tax Annual Amount: 13940.0
  • Tax Book Number: 118.00
  • Tax Lot: 119
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2025
Closed on
May 6, 2025
Sold by
Abe S Miller No 1 Family Limited Partner and Abe Miller No 1 Family Limited Partnersh
Bought by
Roberts Plaza Llc
Seller's Agent
George James
Cabrillas Realty Services
Buyer's Agent
Boris Shalamov
HomeSmart
List Price
$2,200,000
Sold Price
$1,900,000
Premium/Discount to List
-$300,000
-13.64%
Views
5
Current Estimated Value
$1,830,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,836
Avg. Annual Appreciation
-4.26%
Original Mortgage
$1,350,000
Outstanding Balance
$1,340,369
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$489,795

Purchase Details

Closed on
Nov 26, 2003
Sold by
Miler Lucille and Abe & Lucille Miller Revocable
Bought by
Abe S Miller #1 Family Lp

Purchase Details

Closed on
Feb 5, 2003
Sold by
Miller Lucille
Bought by
Abe S Miller #1 Family Lp

Purchase Details

Closed on
Feb 13, 1998
Sold by
Miller Abe S and Miller Lucille J
Bought by
Miller Abe and Miller Lucille
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $1,900,000 Landmark Title
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,350,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2025 05/06/25 Sold $1,900,000 -13.6% $151 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $2,200,000 +54900.0% $174 / Sq Ft
09/01/2015 09/01/15 Sold $4,000 0.0% $1 / Sq Ft View Prior Sale
07/31/2015 07/31/15 Pending -- -- --
04/12/2015 04/12/15 For Sale $4,000 -- $1 / 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 $13,988 $107,715 -- --
2024 $13,874 $105,792 -- --
2023 $13,874 $181,050 $103,054 $77,996
2022 $14,203 $166,548 $94,763 $71,785
2021 $14,857 $169,218 $97,470 $71,748
2020 $14,481 $131,166 $60,156 $71,010
2019 $13,852 $111,960 $44,550 $67,410
2018 $13,394 $106,650 $41,238 $65,412
2017 $12,297 $95,760 $42,966 $52,794
2016 $11,863 $87,120 $40,158 $46,962
2015 $11,334 $76,461 $40,737 $35,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6808636

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-09-119

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