NOT LISTED FOR SALE
16 Beds
-- Bath
2,100 Sq Ft
1986 Built

Last Sold September 21, 2015

Last sale price $650,000 $310 Per Sq Ft

8 Days on Market

Highlights

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

About This Home

As of September 2015

WOW!!!! TURN KEY AMAZING Building that owner built himself. He built in 1987 and all units are townhouse style with fireplaces walk out balcony and private yards. Each unit has been sub-metered for water so tenants pay for water. All have washer and dryer hook ups and covered parking. All units are over 1,000 sq feet with a small bath down stairs and a double shower up stairs with one with a bath tub. All units have a little loft as well perfect for an office. Current rents are below market at 725.00 there are 3 vacant units and some tenants are not current. Owner has managed himself but did not run as a business. Proforma rents can be 800-900 very easily. Drive by only. All facts and figures are approximate buyer verify MLS info

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 08/05/2015

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Michelle Hoogendoorn

Better Homes & Gardens Real Estate SJ Fowler License #SA550923000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,477

Year Built

  • Built in 1986

Home Design

  • Composition Roof
  • Metal Construction or Metal Frame

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, cable TV
  • The owner pays for sewer
  • Legal Lot and Block 16 / 3
  • Assessor Parcel Number 155-08-039

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 0
  • Meadowbrook Tract Blk 1 Subdivision

Building Details

  • Gross Income $77,520
  • Net Operating Income $63,273

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,477

Year Built

Built in 1986

Listing Details

  • Cross Street: N 16th & E Campbell Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: 0
  • Number Of Buildings: 2
  • Year Built: 1986
  • Tax Year: 2014
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: MEADOWBROOK TRACT BLK 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Metal
  • Roof: See Remarks, Composition
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 16.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Electric
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Trash Expense: 2000.0
  • Annual Water Sewer Expense: 1500.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 155-08-039

Multi Family

  • Owner Pays: Sewer
  • Tenant Pays: Water, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 500.0
  • Annual Gross Income: 77520.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 63273.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4477.0
  • Tax Block: 3
  • Tax Book Number: 155.00
  • Tax Lot: 16
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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
09/21/2015 09/21/15 Sold $650,000 -9.7% $310 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $720,000 -- $343 / 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 $5,652 $43,383 -- --
2024 $5,244 $41,317 -- --
2023 $5,244 $177,260 $35,450 $141,810
2022 $5,088 $124,050 $24,810 $99,240
2021 $5,132 $104,960 $20,990 $83,970
2020 $5,052 $87,680 $17,530 $70,150
2019 $4,940 $82,980 $16,590 $66,390
2018 $4,819 $73,280 $14,650 $58,630
2017 $4,592 $69,530 $13,900 $55,630
2016 $4,434 $55,830 $11,160 $44,670
2015 $4,118 $44,510 $8,900 $35,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5316620

Arizona Regional Multiple Listing Service (ARMLS)
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