NOT LISTED FOR SALE

3950 N Palm Cir Eloy, AZ 85131

17 Beds
8 Baths
2,166 Sq Ft
1974 Built

Last Sold March 28, 2013

Last sale price $325,000 $150 Per Sq Ft

288 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Heating Available
  • Cooling Available

About This Home

As of March 2013

12 CAP RATE! Clean and well maintained 8-plex, ideal for the owner/manager. Located on large corner lot, with room to build. Room for RV parking. Long term, stable tenants, some longer than 10 years! Vacancy rate over the years almost 0. Rents $40 a month less than area average. Close to Robson Ranch Golf community, sky diving center. Each unit has separate storage unit. Coin operated laundry. Covered parking for 10 vehicles. Within minutes of the new Phoenix Mart Sourcing Center outlet mall, more than 2,000 vendors and thousands of jobs. Get in on the ground floor now with this great property!

Last Agent to Sell the Property

Jim Swindle

Better Homes & Gardens Real Estate SJ Fowler License #BR639712000 Listed on: 05/01/2012

Last Buyer's Agent

Richard Wood

R.L. Wood & Company, L.L.C License #BR003616000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1974

Lot Details

  • Additional Parcels

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 15 Open Parking Spaces
  • 25 Parking Spaces
  • 10 Covered Spaces
  • Free Parking
  • RV or Boat Parking

Schools

  • Toltec Elementary School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 1&2
  • Assessor Parcel Number 404-18-043-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 203 X 154
  • Toltec Arizona Valley Subdivision

Building Details

  • Operating Expense $10,309
  • Gross Income $47,331
  • Net Operating Income $43,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: SHEDD & PALM CIRCLE
  • Legal Info Range: 07E
  • Property Type: Multiple Dwellings
  • Zoning: R4HD
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2011
  • Directions: From I-10 & Exit 198, go left (E) onto Jimmie Kerr, go 4 - 5 miles. At Multi Mart (on left side), turn left (E) onto W Shedd Rd. Go East approx 1 mi, units on are on right (S) side. 3035 W Shedd
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: TOLTEC ARIZONA VALLEY
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Tile
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Free, RV/Boat Parking, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 25.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Shutters2: Yes

Fee Information

  • Annual Water Sewer Expense: 2470.0

Schools

  • Elementary School: Toltec Elementary School
  • Junior High Dist: Casa Grande Union High School District

Lot Info

  • Lot Size: 203 X 154
  • Additional Parcels: Yes
  • Parcel #: 404-18-043-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 8
  • Electric Expense: 1206.0
  • Annual Gross Income: 47331.0
  • Insurance Expense: 1871.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 43155.0
  • Annual Operating Expense: 10309.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 3262.0
  • Tax Book Number: 404.00
  • Tax Lot: 1&2

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
03/28/2013 03/28/13 Sold $325,000 -4.4% $150 / Sq Ft
02/13/2013 02/13/13 Pending -- -- --
05/01/2012 05/01/12 For Sale $339,900 -- $157 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Jim Swindle

    Better Homes & Gardens Real Estate SJ Fowler

  • R

    Buyer's Agent in 2013

    Richard Wood

    R.L. Wood & Company, L.L.C

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4753145

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pinal County Eloy 85131

3950 N Palm Cir, Eloy, AZ

This home is located at 3950 N Palm Cir, Eloy, AZ 85131 since 01 May 2012. This property was built in 1974. 3950 N Palm Cir is a home located in Pinal County with nearby schools including Toltec Elementary School and Arizona City Elementary 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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