NOT LISTED FOR SALE

4035 N 28th St Unit 101-108 Phoenix, AZ 85016

Camelback East Village Neighborhood
24 Beds
-- Bath
10,200 Sq Ft
2006 Built

Last Sold December 01, 2017

Last sale price $1,900,000 $186 Per Sq Ft

82 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of December 2017

This 8-plex was built for luxury in 2006 with a mix of 3 bed 3.5 bath and 3 bed 2.5 bath multi-story homes with staged balconies facing Camelback Mountain all with 2 car garages! Meticulously built and maintained with recent exterior and interior improvements including exterior paint, roof resurfacing, LED lighting, and select unit upgrades. Rents are ready for increase, now averaging $1450 with the most recent vacancy having been filled quickly at $1600. Market rents would make this a 5.58 CAP. Being across the street from Sprouts and with great walk-ability, it is a highly desired area in the middle of the transforming Indian School Road improvements. Do not disturb tenants, showings only with offer or LOI.

Last Agent to Sell the Property

Vann Nielson

RUTH MAY, LLC License #BR670872000 Listed on: 06/26/2017

Last Buyer's Agent

Kimberly Rollins

Century 21 Arizona Foothills License #SA548932000

Century 21 Arizona Foothills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,472

Year Built

  • Built in 2006

Lot Details

  • Additional Parcels

Home Design

  • Built-Up Roof
  • Block Exterior
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 6 Open Parking Spaces
  • 22 Parking Spaces
  • 16 Covered Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 101-108
  • Assessor Parcel Number 119-02-253

Community Details

Overview

  • 8 Units
  • Building Dimensions are 1043

Building Details

  • Operating Expense $31,407
  • Gross Income $136,463
  • Net Operating Income $105,056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,472

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: 28th St and Indian School
  • Property Type: Multiple Dwellings
  • Zoning: Multi-family
  • Number Of Buildings: 1
  • Year Built: 2006
  • Tax Year: 2016
  • Directions: South East corner of 28th St and Indian School Rd behind the new ''Title Max''
  • Road Surface Type: Private Street
  • Professional Management Expense: 4800.0
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Construction Type: Painted, Stucco, Block, Frame - Metal
  • Roof: See Remarks, Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 22.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 22.0
  • Garage Details: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Central A/C, Individual, Electric, Ceiling Fan(s)
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 288.0

Lot Info

  • Lot Size: 1043
  • Additional Parcels: Yes
  • Parcel #: 119-02-253

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 576.0
  • Annual Gross Income: 136463.04
  • Insurance Expense: 4331.0
  • Maintenance Expense: 7500.0
  • Property Net Operating Income: 105056.0
  • Annual Operating Expense: 31407.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 12472.0
  • Tax Book Number: 119.00
  • Tax Lot: 101-108

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
12/01/2017 12/01/17 Sold $1,900,000 -7.3% $186 / Sq Ft
10/27/2017 10/27/17 For Sale $2,050,000 0.0% $201 / Sq Ft
10/27/2017 10/27/17 Price Changed $2,050,000 0.0% $201 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
06/25/2017 06/25/17 For Sale $2,050,000 -- $201 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Vann Nielson

    Seller's Agent in 2017

    Vann Nielson

    RUTH MAY, LLC

    (480) 744-5509

    2 Total Sales

    Vann Nielson
    Section Image

  • K

    Buyer's Agent in 2017

    Kimberly Rollins

    Century 21 Arizona Foothills

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5624808

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85016 Camelback East Village

4035 N 28th St Unit 101-108, Phoenix, AZ

This home is located at 4035 N 28th St Unit 101-108, Phoenix, AZ 85016 since 26 June 2017. This property was built in 2006. 4035 N 28th St Unit 101-108 is a home located in Maricopa County with nearby schools including Camelback High School, Phoenix Coding Academy, and Villa Montessori - Phoenix Campus.

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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