NOT LISTED FOR SALE
-- Bed
-- Bath
1,800 Sq Ft
1948 Built

Last Sold May 01, 2013

Last sale price $600,000 $333 Per Sq Ft

163 Days on Market

Highlights

  • Heated Community Pool
  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of May 2013

Centrally located near both midtown/downtown and the Camelback corridor, these buildings enjoy R-5 zoning which allows offices for professional use as well as single and multifamily housing and group homes. Many units have been refurbished with ceramic tile floors and each have wood-beamed ceilings. The apartments surround a central courtyard with sparkling pool with lush mature landscape. The 1,800 sf office building fronts 12th Street . Buyer to verify all fact and figures. OWNER WILL CARRY FOR THE RIGHT BUYER!!

Last Agent to Sell the Property

Jake Allen

Tradelands Realty License #SA569290000 Listed on: 10/31/2012

Last Buyer's Agent

Nelida Ayala

Orion Investment Real Estate License #SA555019000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,663

Year Built

  • Built in 1948

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping, pool/spa maintenance
  • Tax Lot 4
  • Assessor Parcel Number 155-15-088

Community Details

Overview

  • 3 Buildings
  • 21 Units
  • Building Dimensions are IRR
  • Desert Villas Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $43,813
  • Gross Income $90,783
  • Net Operating Income $49,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,663

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: Indian School & 12th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2676.6
  • Subdivision Name: Desert Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Evaporative Cooling
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Community Amenities:Pool2: Yes

Fee Information

  • Annual Fuel Expense: 2321.0
  • Trash Expense: 1800.0
  • Annual Water Sewer Expense: 8500.0

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 155-15-088

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Electricity
  • Number Of Units Total: 21
  • Electric Expense: 10852.0
  • Annual Gross Income: 90783.0
  • Insurance Expense: 3500.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 49693.0
  • Annual Operating Expense: 43812.58
  • Vacancy Allowance Rate: 0.3

Tax Info

  • Tax Annual Amount: 4662.98
  • Tax Book Number: 155.00
  • Tax Lot: 4
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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
05/01/2013 05/01/13 Sold $600,000 -9.8% $333 / Sq Ft
04/12/2013 04/12/13 Pending -- -- --
10/31/2012 10/31/12 For Sale $665,000 -- $369 / Sq Ft
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 $6,982 $53,765 -- --
2024 $6,518 $51,204 -- --
2023 $6,518 $211,260 $42,250 $169,010
2022 $6,482 $173,850 $34,770 $139,080
2021 $6,592 $162,400 $32,480 $129,920
2020 $6,425 $87,950 $17,590 $70,360
2019 $6,146 $74,310 $14,860 $59,450
2018 $5,943 $99,570 $19,910 $79,660
2017 $5,456 $89,150 $17,830 $71,320
2016 $5,263 $70,360 $14,070 $56,290
2015 $4,893 $58,700 $11,740 $46,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4842744

Arizona Regional Multiple Listing Service (ARMLS)