NOT LISTED FOR SALE

4329 N Longview Ave Phoenix, AZ 85014

Camelback East Village Neighborhood
14 Beds
12 Baths
-- Sq Ft
1956 Built

Last Sold February 01, 2017

Last sale price $600,000

31 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A

About This Home

As of February 2017

$50,000/unit with a Central Phoenix location in the path of redevelopment. Value-add opportunity with very strong cash flow potential. 7.22 CAP now, 9 CAP realistic pro forma. 10%+ Cash-on-Cash from yr 1. Owner has completed cosmetic upgrades to 10 of the 12 units in 2016. Almost all new window a/c's and duct work for the coolers. Per the owner, there are 10 One Bedroom units w/ average rent of $450 and 2 Two Bedroom units w/ average rent of $625. Rents are below market. Owner has held the property since 1996 and self-managed. Property consists of four separate structures on just over a 1/2 lot. Property sold ''as-is.'' Buyer to complete and rely on own due diligence, including all financials. No interior showings without an accepted offer. Please do not disturb the tenants. OM attached.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 10/09/2016

Better Homes & Gardens Real Estate SJ Fowler

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

  • $2,733

Year Built

  • Built in 1956

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Window Unit Heating System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 10 / 3
  • Assessor Parcel Number 155-08-033

Community Details

Overview

  • 4 Buildings
  • 12 Units
  • Building Dimensions are .56 acres
  • Meadowbrook Tract Blk 1 Subdivision

Building Details

  • Gross Income $66,804
  • Net Operating Income $43,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,733

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Cross Street: Campbell and 12th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 4
  • Year Built: 1956
  • Tax Year: 2016
  • Directions: Just east of 12th Street between Camelback and Indian School Roads.
  • Road Surface Type: Asphalt
  • Subdivision Name: MEADOWBROOK TRACT BLK 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: 2 or More Units, Individual, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s), 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:_two_ or More Units3: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: .56 acres
  • Additional Parcels: No
  • Parcel #: 155-08-033

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 12
  • Annual Gross Income: 66804.0
  • Property Net Operating Income: 43320.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2733.0
  • Tax Block: 3
  • Tax Book Number: 155.00
  • Tax Lot: 10

Range of Values:

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List Price
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 Change Sq Ft Price
02/01/2017 02/01/17 Sold $600,000 0.0% --
12/19/2016 12/19/16 For Sale $600,000 0.0% --
10/31/2016 10/31/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $600,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    3 in this area

    51 Total Sales

    James Stephens
    Section Image
  • Michelle Hoogendoorn

    Buyer's Agent in 2017

    Michelle Hoogendoorn

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 829-3460

    17 Total Sales

    Michelle Hoogendoorn
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5508857

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Camelback East Village

4329 N Longview Ave, Phoenix, AZ

This home is located at 4329 N Longview Ave, Phoenix, AZ 85014 since 09 October 2016. This property was built in 1956. 4329 N Longview Ave is a home located in Maricopa County with nearby schools including Madison Camelview Elementary, Phoenix Coding Academy, and North High School.

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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