NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
1961 Built

Last Sold August 22, 2019

Last sale price $849,000

266 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of August 2019

The Village @ Rio Salado is 10-unit apartment community consisting of Six 1/bedroom, Three 2/bedroom, and One Large 2/bedroom units, located in a high rental demand submarket of south Phoenix with 95.5% occupancy.

Property has undergone extensive renovations:
•All buildings have new roofs, new AC units, new exterior stucco, paint, and fascia
•Unit interiors have new framing, foam board insulation, drywall, paint, vinyl plank flooring throughout, tile shower surrounds, electrical, plumbing, dual pane windows, six panel interior doors, and new hardware throughout
•Renovations include a resurfaced parking lot, landscaping, new exterior fencing, hot water heaters, and a laundry facility

Potential to build additional units on the 12,500+ SF of R-5 vacant land

Last Agent to Sell the Property

Trevor Hardy

ABI Multifamily License #SA649352000 Listed on: 10/25/2018

Last Buyer's Agent

Shannon Cunningham

AZ Performance Realty License #SA569959000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $948

Year Built

  • Built in 1961

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for water, sewer
  • Assessor Parcel Number 122-39-030-C

Community Details

Overview

  • 7 Buildings
  • 10 Units
  • Building Dimensions are 1.04 Acres

Building Details

  • Operating Expense $948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$948

Year Built

Built in 1961

Listing Details

  • Cross Street: 17th Street & Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 7
  • Year Built: 1961
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: C
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Attached: Yes
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks), SRP
  • Cooling: Individual, Other, See Remarks
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Lot Info

  • Lot Size: 1.04 Acres
  • Additional Parcels: No
  • Parcel #: 122-39-030-C

Multi Family

  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 10
  • Annual Operating Expense: 947.6

Tax Info

  • Tax Annual Amount: 947.6
  • Tax Book Number: 122.00
  • Tax Lot: .
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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 Prior Sale
08/22/2019 08/22/19 Sold $849,000 0.0% --
07/18/2019 07/18/19 Pending -- -- --
05/17/2019 05/17/19 Price Changed $849,000 -1.2% --
04/18/2019 04/18/19 For Sale $859,000 +1.2% --
03/13/2019 03/13/19 Off Market $849,000 -- --
10/25/2018 10/25/18 For Sale $859,000 +436.9% --
01/14/2016 01/14/16 Sold $160,000 -28.9% -- View Prior Sale
12/20/2015 12/20/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $225,000 -- --
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 $1,129 $7,491 -- --
2024 $1,069 $7,135 -- --
2023 $1,069 $100,430 $20,080 $80,350
2022 $1,048 $63,170 $12,630 $50,540
2021 $1,069 $39,170 $7,830 $31,340
2020 $1,056 $30,380 $6,070 $24,310
2019 $1,022 $23,560 $4,710 $18,850
2018 $994 $16,700 $3,340 $13,360
2017 $948 $18,860 $3,770 $15,090
2016 $901 $16,480 $3,290 $13,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5838100

Arizona Regional Multiple Listing Service (ARMLS)
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