NOT LISTED FOR SALE

4145 N Longview Ave Phoenix, AZ 85014

Central City Neighborhood
36 Beds
-- Bath
1,642 Sq Ft
1987 Built

Last Sold August 01, 2019

Last sale price $2,030,000 $1,236 Per Sq Ft

82 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of August 2019

Longview Park Place Apartments is an exceptional unit mix and Midtown Phoenix location. This apartments have very low maintenance with minimal landscape and upkeep. Newer 1980's construction and a few minutes from 51 freeway. Brand new construction of new condo's being built on the same street. Unit mix is 10 (2) bedroom (2) bathrooms and 8 (2) one bath.
All ground units have private yards. Washer and dryer hook ups.
Current rents are way below market rent at avg of 742 a unit. Current NOI on 104k 5.01 cap. Proforma rents should be at 1,000 to 1050 for a new NOI at $161,600 cap 7.8% cap. Rent value add. The parking lot is in process of getting a repaired with black top and paint. Drive by only tenants are unaware of the sale. All facts and figures are approximate buyer verify informati

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 03/15/2019

Last Buyer's Agent

Thom Khaler

DPR Realty LLC License #BR012609000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,960

Year Built

  • Built in 1987

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 25 Open Parking Spaces
  • 25 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Osborn Middle School
  • Phoenix Union Cyber High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 6
  • Assessor Parcel Number 155-05-078-A

Community Details

Overview

  • 2 Buildings
  • 18 Units
  • Building Dimensions are 0.59
  • Longview Subdivision

Building Details

  • Operating Expense $58,996
  • Gross Income $211,850
  • Net Operating Income $161,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,960

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: INDIAN SCHOOL RD & 12TH STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 10596.0
  • Subdivision Name: LONGVIEW
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 25.0
  • Total Parking Spaces: 25.0
  • General Property Description:Uncvrd Parking Spcs: 25.0
  • General Property Description:Total Parking Spcs: 25.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Breakfast Bar2: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 11052.0

Schools

  • Elementary School: Osborn Middle School
  • High School: Phoenix Union Cyber High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 0.59
  • Additional Parcels: No
  • Parcel #: 155-05-078-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 18
  • Electric Expense: 732.0
  • Annual Gross Income: 211850.0
  • Insurance Expense: 4596.0
  • Maintenance Expense: 9600.0
  • Property Net Operating Income: 161616.0
  • Annual Operating Expense: 58996.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7960.0
  • Tax Book Number: 155.00
  • Tax Lot: 6

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 List to Sale Price per Sq Ft Prior Sale
08/01/2019 08/01/19 Sold $2,030,000 -1.9% $1,236 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $2,070,000 +123.8% $1,261 / Sq Ft
05/23/2014 05/23/14 Sold $925,000 -5.1% $563 / Sq Ft View Prior Sale
04/10/2014 04/10/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $975,000 +30.0% $594 / Sq Ft
12/21/2012 12/21/12 Sold $750,000 -8.4% $1,046 / Sq Ft View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $819,000 -- $1,142 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2019

    Sophia Baron

    Grace CRE

    (480) 375-0227

    5 in this area

    86 Total Sales

    Sophia Baron
    Section Image

  • T

    Buyer's Agent in 2019

    Thom Khaler

    DPR Realty

    Section Image
  • Erich Robinson

    Seller's Agent in 2014

    Erich Robinson

    The Robinson Group

    (602) 317-6883

    2 Total Sales

    Erich Robinson
    Section Image

  • J

    Seller Co-Listing Agent in 2014

    Jarrod Robinson

    The Robinson Group

  • S

    Buyer's Agent in 2014

    Steve Berghoff

    Commercial Office Brokers

  • Terry Kass

    Seller's Agent in 2012

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    1 in this area

    23 Total Sales

    Terry Kass
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5896402

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Central City

4145 N Longview Ave, Phoenix, AZ

This home is located at 4145 N Longview Ave, Phoenix, AZ 85014 since 15 March 2019. This property was built in 1987. 4145 N Longview Ave is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and Phoenix Coding Academy.

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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