NOT LISTED FOR SALE
7 Beds
4 Baths
1,500 Sq Ft
1962 Built

Last Sold November 07, 2024

Last sale price $825,000 $550 Per Sq Ft

61 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

Closed 11.7.24 for $825,000 along with 4912 E Holly at $825,000. 8 total units/$1,650,000. Conventional financing (two loans). The Holly 8 complex consists of twin four-unit buildings that share a pretty courtyard (4920/4912 E Holly). Sought-after mix of three 2 bedroom & one 1 bed/den units (2850 total sf/4 +/-). Every unit has been upgraded in the last few years. All new 200 amp electrical services with major plumbing upgrades. Great looking kitchens with all SS appliances & dishwashers. Granite/quartz countertops. all new flooring & fixtures, with nicely redone bathrooms. Two units have w/d units, the others have hookups. Private fenced patios, storage, carports/ample parking. Huge 11,500 sf lot. Rents are $5200/mo ($10,400/8 units).

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000 Listed on: 08/02/2024

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Curtis Dean

Compass License #SA623683000

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,451

Year Built

  • Built in 1962

Home Design

  • Tile Roof

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 10
  • Assessor Parcel Number 126-18-015-E

Community Details

Overview

  • 4 Units
  • Building Dimensions are 11581 sf
  • Orangedale Tract 1,2, & 7,8 Subdivision

Building Details

  • Operating Expense $9,367
  • Gross Income $59,850
  • Net Operating Income $50,299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,451

Year Built

Built in 1962

Listing Details

  • Cross Street: 48th St & Thomas
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: ORANGEDALE TRACT 1,2, & 7,8
  • Tax Parcel Letter: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl
  • Appliances: Other (See Remarks), F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Tile
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Other (See Remarks), Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: 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
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 11581 sf
  • Additional Parcels: Yes
  • Parcel #: 126-18-015-E

Multi Family

  • Owner Pays: See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 59850.0
  • Property Net Operating Income: 50299.0
  • Annual Operating Expense: 9367.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1451.0
  • Tax Book Number: 126.00
  • Tax Lot: 10
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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 Prior Sale
11/07/2024 11/07/24 Sold $825,000 -8.2% $550 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $899,000 -8.3% $599 / Sq Ft
08/02/2024 08/02/24 For Sale $980,000 +70.4% $653 / Sq Ft
02/10/2021 02/10/21 Sold $575,000 -3.8% $383 / Sq Ft View Prior Sale
01/21/2021 01/21/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $598,000 0.0% $399 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $598,000 0.0% $399 / Sq Ft
12/21/2020 12/21/20 For Sale $598,000 0.0% $399 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
12/03/2020 12/03/20 For Sale $598,000 +378.4% $399 / Sq Ft
06/27/2012 06/27/12 Sold $125,000 0.0% $83 / Sq Ft View Prior Sale
01/25/2012 01/25/12 Pending -- -- --
01/20/2012 01/20/12 For Sale $125,000 -- $83 / 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 $1,556 $12,195 -- --
2024 $1,451 $11,614 -- --
2023 $1,451 $49,130 $9,820 $39,310
2022 $1,353 $38,600 $7,720 $30,880
2021 $1,380 $34,770 $6,950 $27,820
2020 $1,354 $30,450 $6,090 $24,360
2019 $1,350 $24,850 $4,970 $19,880
2018 $1,269 $20,850 $4,170 $16,680
2017 $1,215 $17,720 $3,540 $14,180
2016 $1,189 $14,430 $2,880 $11,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6739497

Arizona Regional Multiple Listing Service (ARMLS)
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