NOT LISTED FOR SALE
12 Beds
6 Baths
752 Sq Ft
1963 Built

Last Sold December 01, 2021

Last sale price $369,000 $491 Per Sq Ft

153 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of December 2021

TWO Freshly remodeled condos with great CAP Rate.
Renovation completed 2020/2021 with new smooth finish drywall, paint, baseboard and trim, new doors and windows, new water heater, new Wood look plank style TILE floors, new granite counters, new White Shaker soft close cabinets, new Stainless Steel Appliance package, new LED lighting, fans and fixtures, new recessed LED lighting in bedrooms and living room, new window treatments, new bathroom with custom tile shower, Laundry in unit, 1 carport space, private yard. Close to Sky Harbor, Loop 202, new restaurants, minutes to Tempe, Scottsdale and Downtown Phoenix. 2 units available! Exterior painted 2020. NEW ROOFS INSTALLED July 2021. These are high quality remodeled units with market rents and solid tenants.

Last Agent to Sell the Property

David Rogers

Diligence Realty License #BR540039000 Listed on: 06/12/2021

Last Buyer's Agent

Mark Stanley

Realty ONE Group License #SA661073000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $568

Year Built

  • Built in 1963

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 2 Parking Spaces
  • Carport

Schools

  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Legal Lot and Block 4 / 16
  • Assessor Parcel Number 125-20-080

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 25X34 Each unit
  • Moreland Estates Condominiums Subdivision

Building Details

  • Operating Expense $5,500
  • Gross Income $32,052
  • Net Operating Income $26,052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$568

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 40th Street and McDowell
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: M-H R-4
  • Number Of Buildings: 2
  • Ownership: Condominium
  • Year Built: 1963
  • Tax Year: 2020
  • Directions: Moreland is a few blocks South of McDowell, Property just East of 40th st.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: MORELAND ESTATES CONDOMINIUMS
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 25X34 Each unit
  • Additional Parcels: Yes
  • Parcel #: 125-20-080

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 2
  • Annual Gross Income: 32052.0
  • Property Net Operating Income: 26052.0
  • Annual Operating Expense: 5500.0

Tax Info

  • Tax Annual Amount: 568.0
  • Tax Block: 16
  • Tax Book Number: 125.00
  • Tax Lot: 4

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
12/01/2021 12/01/21 Sold $369,000 0.0% $491 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $369,000 0.0% $491 / Sq Ft
10/31/2021 10/31/21 Off Market $369,000 -- --
10/01/2021 10/01/21 For Sale $369,000 0.0% $491 / Sq Ft
09/16/2021 09/16/21 Off Market $369,000 -- --
08/06/2021 08/06/21 Price Changed $369,000 -2.6% $491 / Sq Ft
07/09/2021 07/09/21 For Sale $379,000 0.0% $504 / Sq Ft
07/09/2021 07/09/21 Price Changed $379,000 +2.4% $504 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/12/2021 06/12/21 For Sale $370,000 -- $492 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6250087

Arizona Regional Multiple Listing Service (ARMLS)