Danielle Paluscio
eXp Realty
(623) 500-6634
121 Total Sales
1 in Central City
$405,000 Price
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
- Longview Elementary School Rated 9+
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.
Last Agent to Sell the Property
Get Multifamily License #BR675965000 Listed on: 01/28/2020
Co-Listed By
Sophia Willets
Grace CRE License #BR648866000
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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
- Parking Available
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central City, AZ
-
Danielle Paluscio
-
Mario Romero
Mario Romero
The Melcher Agency
(602) 833-0553
63 Total Sales
2 in Central City
$250K - $1.1M Price Range
-
Artie Baxter
Artie Baxter
Local Luxury Christie's International Real Estate
(855) 659-1475
31 Total Sales
1 in Central City
$5,250,000 Price
-
Magdalene Imbus
Magdalene Imbus
eXp Realty
(520) 447-4841
20 Total Sales
1 in Central City
$299,500 Price
-
Erin Carmona
Erin Carmona
Responds QuicklyRealty One Group Mountain Desert
(928) 582-9840
109 Total Sales
1 in Central City
$507,399 Price
-
Ben Koerner
Ben Koerner
Responds QuicklyFathom Realty Elite
(623) 257-8749
145 Total Sales
2 in Central City
$400K - $630K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,240,000 | Chicago Title Agency Inc | ||
| 14 On Eleventh Nine Llc | $850,000 | Chicago Title Agency Inc | |
| Smith George F | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,500,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
| 2015 | $967 | $8,330 | $1,650 | $6,680 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Willets
Seller's Agent in 2020
Joshua Willets
Get Multifamily
(561) 473-4477
14 Total Sales
-
SW
Seller Co-Listing Agent in 2020
Sophia Willets
Grace CRE
-
Erik Kelly
Buyer's Agent in 2020
Erik Kelly
eXp Realty
(480) 229-6699
63 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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