NOT LISTED FOR SALE
56 Beds
-- Bath
800 Sq Ft
1971 Built

Last Sold March 21, 2017

Last sale price $2,800,000 $3,500 Per Sq Ft

136 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of March 2017

A rare rental property located right at 28th Street, just South of Indian School. Near to one of the hottest entertainment areas in Phoenix. This is one of the only properties in the area available for purchase. The complex has had many upgrades and always stays full. There is a beautiful landscaped courtyard , with pool, in the middle of the complex. Covered parking , and private backyards with storage closets. All of the interiors have a stackable washer/dryer and ceramic and carpet floors. In todays exciting rental market, this property offers many different options to a buyer, each one providing great returns and upside.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 09/18/2016

Coldwell Banker Commercial Realty

Co-Listed By

Mark Skelpsa

HomeSmart Realty License #SA642313000

Last Buyer's Agent

Terry Kass

Blue Saguaro Commercial Realty, LLC License #BR503783000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,338

Year Built

  • Built in 1971

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 56 Parking Spaces
  • 28 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 119-03-070-D

Community Details

Overview

  • 3 Buildings
  • 28 Units
  • Building Dimensions are unknown

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $11,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,338

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: 28th Street and Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1971
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: gpci01
  • Co List Office Phone: 602-703-5277
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 28.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 56.0
  • General Property Description:Covered Parking Spcs: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 56.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes

Lot Info

  • Lot Size: unknown
  • Additional Parcels: No
  • Parcel #: 119-03-070-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 28
  • Annual Operating Expense: 11338.0

Tax Info

  • Tax Annual Amount: 11338.0
  • Tax Book Number: 119.00
  • Tax Lot: 0
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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 List to Sale Price per Sq Ft
03/21/2017 03/21/17 Sold $2,800,000 -6.7% $3,500 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
09/18/2016 09/18/16 For Sale $3,000,000 -- $3,750 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,843 $109,891 -- --
2024 $14,122 $104,658 -- --
2023 $14,122 $453,370 $90,670 $362,700
2022 $13,567 $413,380 $82,670 $330,710
2021 $13,898 $317,970 $63,590 $254,380
2020 $13,559 $256,680 $51,330 $205,350
2019 $13,464 $223,500 $44,700 $178,800
2018 $13,187 $170,570 $34,110 $136,460
2017 $12,678 $148,280 $29,650 $118,630
2016 $12,187 $134,620 $26,920 $107,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5499127

Arizona Regional Multiple Listing Service (ARMLS)