NOT LISTED FOR SALE

3634 E Monte Vista Rd Phoenix, AZ 85008

Camelback East Village Neighborhood
2 Beds
1 Bath
800 Sq Ft
0.63 Acres

Last Sold December 15, 2017

Last sale price $1,200,000 $1,500 Per Sq Ft

78 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Central Heating

About This Home

As of December 2017

DO NOT DISTURB TENANTS- VIEWINGS BY APPOINTMENT ONLY: Rents average $675-
so easy rent bumps of $100 - $125 across the board. 100% large 2-bedroom units in a superior East Phoenix location directly across the street from the newly constructed Papago Elementary School. This block constructed building with individual metering for electricity and copper plumbing has all the right components for substantial rent-growth through successful re-positioning. Many units have tiled floors and some updating. Property amenities include covered parking, on-site laundry, front and rear unit entries and a sparkling code-compliant pool. Rents have not been raised at the property for years

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 07/20/2017

Last Buyer's Agent

Raquel Casian

Compass License #SA645170000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,999

Year Built

  • Built in 1963

Lot Details

  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 12 Open Parking Spaces
  • 44 Parking Spaces
  • 32 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot A
  • Assessor Parcel Number 120-14-036-A

Community Details

Overview

  • 11 Buildings
  • 20 Units
  • Building Dimensions are irreg
  • Dale Manors Subdivision

Amenities

  • Community Barbecue Grill

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $67,331
  • Gross Income $158,208
  • Net Operating Income $97,469

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,999

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 36th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M, R-3
  • Number Of Buildings: 11
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2016
  • Directions: Thomas Road to 35th Street, south to Monte Vista Road, East to property (on north side of street)
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 4800.0
  • Subdivision Name: DALE MANORS
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 32.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 44.0
  • General Property Description:Covered Parking Spcs: 32.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 44.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 4088.0
  • Annual Water Sewer Expense: 14750.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irreg
  • Additional Parcels: Yes
  • Parcel #: 120-14-036-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 20
  • Electric Expense: 6412.0
  • Annual Gross Income: 158208.0
  • Insurance Expense: 4406.0
  • Maintenance Expense: 13576.0
  • Property Net Operating Income: 97469.0
  • Annual Operating Expense: 67331.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 7999.0
  • Tax Book Number: 120.00
  • Tax Lot: A

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
12/15/2017 12/15/17 Sold $1,200,000 -38.5% $1,500 / Sq Ft
11/30/2017 11/30/17 Price Changed $1,950,000 0.0% $2,438 / Sq Ft
11/02/2017 11/02/17 For Sale $1,950,000 0.0% $2,438 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
10/05/2017 10/05/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $1,950,000 -- $2,438 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Scott Trevey

    REI Marketing

  • Raquel Casian

    Buyer's Agent in 2017

    Raquel Casian

    Compass

    (480) 522-9680

    10 in this area

    53 Total Sales

    Raquel Casian
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5635999

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85008 Camelback East Village

3634 E Monte Vista Rd, Phoenix, AZ

This home is located at 3634 E Monte Vista Rd, Phoenix, AZ 85008 since 20 July 2017. This property was built in 1963. 3634 E Monte Vista Rd is a home located in Maricopa County with nearby schools including Papago School, Camelback 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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