NOT LISTED FOR SALE
6 Beds
6 Baths
612 Sq Ft
1959 Built

Last Sold October 29, 2021

Last sale price $529,000 $864 Per Sq Ft

7 Days on Market

Highlights

  • Evaporated cooling system
  • Ceiling Fan
  • 4-minute walk to Swan Way Park
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of October 2021

Tremendous value add opportunity!!! Well located six unit apartment complex near Speedway & Swan roads. This offering includes the six unit property & two vacant adjacent lots to the east. Both lots are zoned R-2 1/4 acre each . (Parcel numbers: 127-05-0820 & 127-05-0830). The six unit property is comprised of three duplexes, all 1/1 floor plans, surrounding a center court yard with excessive off street parking. Two of the duplexes have had many upgrades with the third duplex vacant and in need of remodeling. Four existing tenants are month to month and paying below market rents. Seller may consider selling the six unit property separately from the adjacent lots. Do not enter the property without an appointment with the listing agent. Additional info under the documents Tab.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 09/22/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,853

Year Built

  • Built in 1959

Home Design

  • Brick Exterior Construction
  • Built-Up Roof

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 20 Parking Spaces
  • 10 Covered Spaces
  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Evaporated cooling system
  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Legal Lot and Block 12 / 002
  • Assessor Parcel Number 127-05-080

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 136' X 161'

Building Details

  • Operating Expense $12,221
  • Gross Income $55,860
  • Net Operating Income $38,839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,853

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: Swan Rd & Speedway Blvd
  • Legal Info Range: 14E
  • Property Type: Multiple Dwellings
  • Zoning: R2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4468.0
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Other, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks), Seller Prop Disc Stm
  • Construction Type: Brick
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Paved, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 20.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 20.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central Air, Ceiling Fan(s), Evaporative Cooling, Other
  • Heating: Other, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 136' X 161'
  • Additional Parcels: Yes
  • Parcel #: 127-05-080

Multi Family

  • Owner Pays: Other
  • Number Of Units Total: 6
  • Annual Gross Income: 55860.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 3900.0
  • Property Net Operating Income: 38839.0
  • Annual Operating Expense: 12221.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1853.0
  • Tax Block: 002
  • Tax Book Number: 127.00
  • Tax Lot: 12
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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
10/29/2021 10/29/21 Sold $529,000 0.0% $864 / Sq Ft
09/22/2021 09/22/21 For Sale $529,000 -- $864 / 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: 6297205

Arizona Regional Multiple Listing Service (ARMLS)