NOT LISTED FOR SALE

4301 S 7th Ave Phoenix, AZ 85041

South Mountain Neighborhood
15 Beds
12 Baths
-- Sq Ft
1941 Built

Last Sold June 14, 2024

Last sale price $1,395,000

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of June 2024

This is a Value Add 12 unit with partial occupancy. With 8 units stable and 4 to renovate-this is a gold mine at $116,500 per door.

NO ASSIGNMENT CONTRACT AND NO SELLER CARRY. $25,000 Earnest Money and short Due diligence with a 10 day closing.

Buyer to verify all facts and figures. See Due Diligence for all information that is available. The Property
This is an absolute AS-IS sale along with cash only or hard money.

Close of Escrow will be within 15 days.

See the document tab for more Information

Once you have reviewed this information-let me know if you want to move to the next level.

UNIT MIX

2×1
1×1
1×1
2×1
2×1
1×1
1×1
2×1
1×1
1×1
Studio
Studio 1×1
PROPERTY FACTS
No. Units12Building Size7,250 SF
Property TypeMultifamilyAverage Occupancy100%
Property SubtypeApartmentNo. Stories2
Apartment StyleGardenYear Built/Renovated1941/2022
Building ClassCParking Ratio2.48/1,000 SF
Lot Size0.63 AC
UNIT AMENITIES
Air Conditioning
Dishwasher
Ceiling Fans
Refrigerator
Oven
UNIT MIX INFORMATION
PROPERTY TAXES
Parcel Number113-05-043BImprovements Assessment$589,100
Land Assessment$147,200Total Assessment$736,300
ZONING
Zoning CodeR-3, City of Phoenix

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 05/28/2024

Last Buyer's Agent

Rachel Yusupova

HomeSmart License #SA550147000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,386

Year Built

  • Built in 1941

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Free Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 113-05-043-B

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are irr

Building Details

  • Operating Expense $1,386
  • Gross Income $198,695
  • Net Operating Income $163,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,386

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1941
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, 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

Exterior Features

  • Disclosures: None, Sch of Personal Prop
  • Construction Type: Siding, Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Ceiling Fan(s)
  • Heating: Individual, Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 113-05-043-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 12
  • Annual Gross Income: 198694.8
  • Property Net Operating Income: 163234.0
  • Annual Operating Expense: 1386.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1386.0
  • Tax Book Number: 113.00
  • Tax Lot: 0

Range of Values:

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Sold Price
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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
06/14/2024 06/14/24 Sold $1,395,000 0.0% --
05/30/2024 05/30/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $1,395,000 +95.1% --
01/15/2021 01/15/21 Sold $715,000 0.0% -- View Prior Sale
01/13/2021 01/13/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $715,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Linda Gerchick

    Seller's Agent in 2024

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    3 in this area

    119 Total Sales

    Linda Gerchick
    Section Image
  • Rachel Yusupova

    Buyer's Agent in 2024

    Rachel Yusupova

    HomeSmart

    (602) 741-4343

    9 in this area

    93 Total Sales

    Rachel Yusupova
    Section Image

  • L

    Seller's Agent in 2021

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
  • Dallin Hammond

    Buyer's Agent in 2021

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    2 in this area

    37 Total Sales

    Dallin Hammond
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6711280

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85041 South Mountain

4301 S 7th Ave, Phoenix, AZ

This home is located at 4301 S 7th Ave, Phoenix, AZ 85041 since 28 May 2024. This property was built in 1941. 4301 S 7th Ave is a home located in Maricopa County with nearby schools including Cesar E Chavez Community School, Cesar Chavez High 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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