NOT LISTED FOR SALE

3625 W Bethany Home Rd Phoenix, AZ 85019

Alhambra Neighborhood
60 Beds
-- Bath
774 Sq Ft
1970 Built

Last Sold May 16, 2013

Last sale price $1,100,000 $1,421 Per Sq Ft

117 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Resident Manager or Management On Site

About This Home

As of May 2013

Bethany Apartments is a 30-unit apartment community on 1.76 acres in the Central West Phoenix sub-market. Recent improvements include many of the A/C units replaced as well as all roofs. Many of the interior units improved and most have ceramic tile throughout. Located west of the I-17 freeway and near the US-60, this property is in a well established sub-market, close to shopping and schools with plenty of transportation options. Property being sold ''As Is''.
For the Investor: This property is projected to generate total rents of $ $208,127 less 15% vacancy of -$ $31,219 per year, added income of $3,204, equals $180,112 adjusted gross income. Then after projected expenses of $ $80,695 the amount an investor should pocket is $90,416 per year based on pro forma. This is a 7.95% CAP R

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 12/26/2012

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

Carlos Arellano

Equity Realty Group, LLC License #SA624186000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,871

Year Built

  • Built in 1970

Home Design

  • Brick Exterior Construction
  • Composition Roof

Parking

  • 18 Open Parking Spaces
  • 66 Parking Spaces
  • 48 Covered Spaces
  • Common or Shared Parking

Schools

  • Alma Elementary School
  • Alhambra Traditional Middle School
  • Alhambra High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for water, cable TV
  • Assessor Parcel Number 145-10-119

Community Details

Overview

  • 12 Buildings
  • 30 Units
  • Building Dimensions are 76666 sf

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $80,695
  • Gross Income $180,112
  • Net Operating Income $99,416

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,871

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: N. 35th and W. Bethany Home Road
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 12
  • Year Built: 1970
  • Tax Year: 2012
  • Directions: From N. 35th Ave. and W. Bethany Home Rd., head West on W. Bethany Home Rd., property located on the South side of W. Bethany Home Rd.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 13804.0
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 48.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 66.0
  • General Property Description:Covered Parking Spcs: 48.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 66.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Manager Res/Office, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Fuel Expense: 960.0
  • Trash Expense: 1920.0
  • Annual Water Sewer Expense: 22800.0

Schools

  • Elementary School: Alma Elementary School
  • High School: Alhambra High School
  • Middle Or Junior School: Alhambra Traditional School

Lot Info

  • Lot Size: 76666 sf
  • Additional Parcels: No
  • Parcel #: 145-10-119

Multi Family

  • Owner Pays: Water, Cable TV
  • Tenant Pays: Cable TV
  • Number Of Units Total: 30
  • Electric Expense: 3120.0
  • Annual Gross Income: 180111.6
  • Insurance Expense: 12600.0
  • Maintenance Expense: 15600.0
  • Property Net Operating Income: 99416.0
  • Annual Operating Expense: 80695.02
  • Vacancy Allowance Rate: 0.15

Tax Info

  • Tax Annual Amount: 8871.02
  • Tax Book Number: 145.00
  • Tax Lot: 0

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
05/16/2013 05/16/13 Sold $1,100,000 -12.0% $1,421 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $1,250,000 -- $1,615 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2013

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    9 in this area

    119 Total Sales

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  • Patrick O'Sullivan

    Seller Co-Listing Agent in 2013

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    1 in this area

    29 Total Sales

    Section Image
  • Carlos Arellano

    Buyer's Agent in 2013

    Carlos Arellano

    Equity Realty Group, LLC

    (623) 340-8072

    6 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4866224

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85019 Alhambra

3625 W Bethany Home Rd, Phoenix, AZ

This home is located at 3625 W Bethany Home Rd, Phoenix, AZ 85019 since 26 December 2012. This property was built in 1970. 3625 W Bethany Home Rd is a home located in Maricopa County with nearby schools including Sevilla Elementary School East, Sevilla Elementary School West, and Alhambra High School.

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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