NOT LISTED FOR SALE
8 Beds
8 Baths
-- Sq Ft
1985 Built

Last Sold January 28, 2016

Last sale price $308,000

10 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

As of January 2016

This is one of 4 fourplexes that must be sold together. The Apartments at 13th Place is comprised of four identical fourplexes on four parcels, which makes this complex eligible for 30 year fixed rate residential financing!!! Each building has two townhouse style units with two bedrooms and 1.5 baths, and two single level two bedroom/two bath units (stacked: one unit on the ground floor and one unit upstairs). Each unit comes with a washer and dryer and one covered parking space! All units have tile throughout! All of the townhouse and ground floor units have block-wall-fenced-private back yards and the upper units have a balcony. Approximately 75% of the HVACs have been replaced in the last few years! The roofs have been maintained and two were recently foamed. (continued...) The parking lot was redone in 2014! The complex has fantastic occupancy, we have a waiting list! The Apartments at 13th Place enjoys its "walking distance" to the highly sought after Madison School at 16th Street and Campbell. Camelback Colonade Shopping Center is close by as well as Biltmore Fashion Square. SR 51 is accessible via Indian School Road near 16th Street and also Highland at 18th Street, are just blocks away making an easy commute to all of the Valley entertainment and employment venues!

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 10/20/2015

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Lois Kaipainen

Income Property Shop License #SA567276000

Last Buyer's Agent

Randy Smith

My Home Group Real Estate License #SA539564000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Foam Roof
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 15 / 3
  • Assessor Parcel Number 155-08-038-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr
  • Meadowbrook Tract Blk 1 Subdivision

Building Details

  • Gross Income $30,012
  • Net Operating Income $18,633

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,882

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: 16th Street/Camelback
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2014
  • Directions: South to Campbell, West to 13th Place, South to complex on West side of street. There are 4 fourplexes in this complex.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2965.0
  • Co List Office Mls Id: sjfl03
  • Co List Office Phone: 602-264-8400
  • Subdivision Name: MEADOWBROOK TRACT BLK 1
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Built-Up, Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Heat Pump, Individual, Central A/C
  • Heating: Individual, Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: 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

Fee Information

  • Annual Water Sewer Expense: 3300.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Irr
  • Additional Parcels: Yes
  • Parcel #: 155-08-038-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 30012.4
  • Insurance Expense: 1733.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 18633.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1882.0
  • Tax Block: 3
  • Tax Book Number: 155.00
  • Tax Lot: 15

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
01/28/2016 01/28/16 Sold $308,000 -6.4% --
10/30/2015 10/30/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $329,000 -- --
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: 5351524

Arizona Regional Multiple Listing Service (ARMLS)