NOT LISTED FOR SALE

49 E Riverside St Phoenix, AZ 85040

South Mountain Neighborhood
Studio
-- Bath
-- Sq Ft
1936 Built

Last Sold May 31, 2018

Last sale price $185,000

20 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of May 2018

Seller is motivated bring your offer now. This property is great value add property. Huge lot 32,120 sq foot lot. This property has a single apartment duplex apartments and 2 houses. Property is need of rehab and one tenant lives on property with family on a month to month lease for $500 a month. All units are very poor and need full rehab. Property is being sold as is. All facts and figuers are approximate buyer verify MLS information.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 04/25/2018

Co-Listed By

Braxton McGregor

Russ Lyon Sotheby's International Realty

Last Buyer's Agent

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $779

Year Built

  • Built in 1936

Home Design

  • Wood Frame Construction
  • Block Exterior

Schools

  • Roosevelt Elementary School
  • South Mountain High Middle School
  • South Mountain High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 3
  • Assessor Parcel Number 113-13-008

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 32130
  • Bowles Sub Subdivision

Building Details

  • Operating Expense $8,488
  • Gross Income $29,070
  • Net Operating Income $21,361

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$779

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 3
  • Year Built: 1936
  • Tax Year: 2017
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: BOWLES SUB
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood, Other, See Remarks
  • Roof: See Remarks, Other
  • Construction:Frame - Wood: Yes
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes

Fee Information

  • Annual Fuel Expense: 480.0
  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Middle Or Junior School: South Mountain High School

Lot Info

  • Lot Size: 32130
  • Additional Parcels: No
  • Parcel #: 113-13-008

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 29070.0
  • Insurance Expense: 1250.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 21361.0
  • Annual Operating Expense: 8488.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 779.0
  • Tax Book Number: 113.00
  • Tax Lot: 3
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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
05/31/2018 05/31/18 Sold $185,000 -7.5% --
04/20/2018 04/20/18 For Sale $199,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $928 $6,157 -- --
2024 $879 $5,864 -- --
2023 $879 $42,100 $8,420 $33,680
2022 $861 $28,010 $5,600 $22,410
2021 $879 $23,680 $4,730 $18,950
2020 $868 $19,900 $3,980 $15,920
2019 $840 $18,600 $3,720 $14,880
2018 $817 $13,980 $2,790 $11,190
2017 $779 $11,810 $2,360 $9,450
2016 $741 $9,900 $1,980 $7,920
2015 $697 $7,180 $1,430 $5,750
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2018

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    76 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Braxton McGregor

    Russ Lyon Sotheby's International Realty

  • Daniela Rubio

    Buyer's Agent in 2018

    Daniela Rubio

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 334-7775

    2 in this area

    56 Total Sales

    Daniela Rubio
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5756384

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85040 South Mountain

49 E Riverside St, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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