Seller's Agent in 2020
Joshua Willets
Grace CRE
(561) 473-4477
24 Total Sales
4020 N 11th St Phoenix, AZ 85014
Central City Neighborhood
28
Beds
14
Baths
745
Sq Ft
1962
Built
Highlights
- Private Pool
- Central Air
- Heating Available
- Phoenix Coding Academy Rated A
About This Home
As of October 2020''Welcome to 14 on Eleventh. This 2016 remodel sits atop 2 parcels in the heart of Phoenix, just a few blocks from the 7th Street Corridor, intersecting Indian School Rd. French doors lead to private yards or open to the resurfaced pool, grill, custom-built gazebo, fireside, and corn hole game. New windows, sandblasted brick, and a recently updated roof modernize this midcentury, garden-style gem. These all 2 bed/1bath include stackable washer/dryer, quartz countertops, subway backsplash tile, stainless steel appliances with ranges, and ceramic plank flooring. Each unit has a covered parking stall, and ample street parking is available. Individually metered for electric. A RUBS is incorporated into each lease ($25-50 per unit) for utility cost recovery. Market rents are $1250-1300. Current rents are 1000-1250. Almost a 6% cap on proforma
All facts and figuers are approximate buyer verify MLS information Seller is also willing to carry back and must qualify for the current loan assumption of 1.4 million.
Current Loan assumption is 4.3% 30 year amortization fixed for the next 4 years. 1 % loan assumption fee. Buyer must also qualify for the loan and carry back.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,275
Year Built
- Built in 1962
Home Design
- Composition Roof
- Block Exterior
Parking
- 28 Parking Spaces
- 14 Covered Spaces
Utilities
- Central Air
- Heating Available
Additional Features
- Private Pool
- Additional Parcels
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for water, trash collection, landscaping, pool maintenance
- Tax Lot 001332
- Assessor Parcel Number 118-03-003-B
Community Details
Overview
- 4 Buildings
- 14 Units
- Building Dimensions are 43065
Recreation
- Heated Community Pool
Building Details
- Operating Expense $55,094
- Gross Income $203,741
- Net Operating Income $148,870
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2020 10/29/20 | Sold | $2,380,000 | -2.8% | $3,195 / Sq Ft |
| 03/20/2020 03/20/20 | Price Changed | $2,449,000 | -5.4% | $3,287 / Sq Ft |
| 01/28/2020 01/28/20 | For Sale | $2,590,000 | -- | $3,477 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $1,380 | $10,630 | -- | -- |
| 2024 | $1,289 | $10,124 | -- | -- |
| 2023 | $1,289 | $44,180 | $8,750 | $35,430 |
| 2022 | $1,281 | $43,990 | $8,710 | $35,280 |
| 2021 | $1,303 | $41,500 | $8,300 | $33,200 |
| 2020 | $1,270 | $39,200 | $7,760 | $31,440 |
| 2019 | $1,215 | $21,530 | $4,260 | $17,270 |
| 2018 | $1,175 | $16,630 | $3,290 | $13,340 |
| 2017 | $1,079 | $12,070 | $2,390 | $9,680 |
| 2016 | $1,041 | $8,340 | $1,650 | $6,690 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Willets
-
Sophia Baron
Seller Co-Listing Agent in 2020
Sophia Baron
Get Multifamily
(480) 375-0227
4 in this area
78 Total Sales
-
Erik Kelly
Buyer's Agent in 2020
Erik Kelly
eXp Realty
(480) 229-6699
65 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6030097
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.
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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