NOT LISTED FOR SALE
1 Bed
1 Bath
900 Sq Ft
871 Sq Ft Lot

Last Sold September 25, 2020

Last sale price $1,930,000 $2,144 Per Sq Ft

133 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of September 2020

Taylor Street is pleased to announce the
opportunity to acquire The V on 26th Apartment
Community. The V on 26th was fully remodeled
with new kitchens, granite counter tops, stainless
steel appliance package, and in suite washer dryers
throughout. Located in the heart of sought after
Biltmore, Phoenix with proximity to the Biltmore
shopping & finance district as well as Downtown
and Midtown Phoenix. There is future upside
potential in rent increases due to it's attractive
location and scope of remodel. The V on 26th
Apartments provides a remarkable opportunity for
immediate value along with considerable future
upside potential.

Last Agent to Sell the Property

Amanda Cinq-Mars

Keller Williams Integrity First License #BR681324000 Listed on: 02/26/2020

Keller Williams Integrity First

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,578

Year Built

  • Built in 1962

Lot Details

  • 871

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 11 Open Parking Spaces
  • 14 Parking Spaces
  • 3 Covered Spaces

Schools

  • Madison Elementary School
  • Madison Park Middle School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 8
  • Assessor Parcel Number 163-05-040-B

Community Details

Overview

  • 4 Buildings
  • 11 Units
  • Building Dimensions are 33,104
  • Citrus Heights Lots 10 33 Subdivision

Building Details

  • Operating Expense $28,941
  • Gross Income $154,185
  • Net Operating Income $123,209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,578

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: INDIAN SCHOOL & 26TH
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Year Built: 1962
  • Tax Year: 2019
  • Directions: FROM INDIAN SCHOOL NORTH ON 26TH ST TO PROPERTY
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7718.0
  • Subdivision Name: CITRUS HEIGHTS LOTS 10-33
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Madison Elementary School
  • High School: Camelback High School
  • Middle Or Junior School: Madison Park School

Lot Info

  • Lot Size: 33,104
  • Additional Parcels: No
  • Parcel #: 163-05-040-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 11
  • Electric Expense: 6020.0
  • Annual Gross Income: 154185.0
  • Insurance Expense: 2200.0
  • Maintenance Expense: 4400.0
  • Property Net Operating Income: 123209.0
  • Annual Operating Expense: 28941.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5578.0
  • Tax Book Number: 163.00
  • Tax Lot: 8

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
09/25/2020 09/25/20 Sold $1,930,000 0.0% $2,144 / Sq Ft
06/10/2020 06/10/20 Off Market $1,930,000 -- --
02/25/2020 02/25/20 For Sale $2,099,000 -- $2,332 / 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: 6041860

Arizona Regional Multiple Listing Service (ARMLS)