NOT LISTED FOR SALE

375 W Pierson St Phoenix, AZ 85013

Uptown Phoenix Neighborhood
12 Beds
12 Baths
2,000 Sq Ft
1984 Built

Last Sold April 19, 2017

Last sale price $815,000 $408 Per Sq Ft

26 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of April 2017

Rare opportunity in the Pierson Park District. Seller has treasured this property for 23 years and pride of investment is very apparent. Well Maintained 1000 sqft 2 bed 2 bath units, Remodeled in 2016 with laundry in all units. Value Add Rents that are ready to move up to market with this amazing location and condition. Roof resurfaced in 2016, AC Units maintained and in good condition. Tile in all the right places Tenants love the private decks and patios, Income in Proforma are from seller provided 2016 Rent Roll. All facts and figures are approximant. Buyer to verify to their satisfaction

Last Agent to Sell the Property

Eric Hegarty

Better Homes & Gardens Real Estate SJ Fowler License #SA650759000 Listed on: 03/08/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Julie Rickli

Better Homes & Gardens Real Estate SJ Fowler License #SA655771000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,131

Year Built

  • Built in 1984

Home Design

  • Foam Roof
  • Block Exterior

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 6 / 2
  • Assessor Parcel Number 155-35-008

Community Details

Overview

  • 6 Units
  • Building Dimensions are 76x152
  • Pierson Place Blk 2 Subdivision

Building Details

  • Operating Expense $21,364
  • Gross Income $58,472
  • Net Operating Income $37,107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,131

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 3rd Ave and Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2016
  • Directions: South on 3rd Ave to Pierson St. West to Property.
  • Road Surface Type: Private Street
  • Professional Management Expense: 5847.0
  • Subdivision Name: PIERSON PLACE BLK 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Annual Water Sewer Expense: 3886.0

Lot Info

  • Lot Size: 76x152
  • Additional Parcels: No
  • Parcel #: 155-35-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 600.0
  • Annual Gross Income: 58471.6
  • Insurance Expense: 2500.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 37107.0
  • Annual Operating Expense: 21364.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 3131.0
  • Tax Block: 2
  • Tax Book Number: 155.00
  • Tax Lot: 6

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
04/19/2017 04/19/17 Sold $815,000 -1.2% $408 / Sq Ft
04/01/2017 04/01/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $825,000 -- $413 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eric Hegarty

    Seller's Agent in 2017

    Eric Hegarty

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    20 Total Sales

    Eric Hegarty
    Section Image
  • Julie Rickli

    Buyer's Agent in 2017

    Julie Rickli

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 620-4263

    113 Total Sales

    Julie Rickli
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5571824

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85013 Uptown Phoenix

375 W Pierson St, Phoenix, AZ

This home is located at 375 W Pierson St, Phoenix, AZ 85013 since 08 March 2017. This property was built in 1984. 375 W Pierson St is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and Central 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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