NOT LISTED FOR SALE

4940 E Holly St Phoenix, AZ 85008

Camelback East Village Neighborhood
-- Bed
-- Bath
3,350 Sq Ft
1974 Built

Last Sold February 16, 2018

Last sale price $665,000 $199 Per Sq Ft

4 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Phoenix Coding Academy Rated A

About This Home

As of February 2018

CASH FLOW OPPORTUNITY! Rare opportunity to purchase a fully occupied extremely well-maintained 8 units (Total of 2 Fourplexes) in highly desirable area of South Arcadia. The area is going through some major changes with new construction of Townhomes and luxury apartments. All units are 2 bedrooms/One Bathroom individually metered for electric. Very well-kept units with long term occupants. Multiple improvements completed during the past few years... newer Dual pane windows throughout, New roof still under transferable warranty and updated tile flooring throughout all units

Last Agent to Sell the Property

Sacha Blanchet

Coldwell Banker Realty License #SA576120000 Listed on: 01/11/2018

Coldwell Banker Realty

Co-Listed By

Daniel Clausen

Coldwell Banker Realty License #SA661330000

Last Buyer's Agent

Nancy Cotton

Fathom Realty Elite License #BR529361000

Fathom Realty Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,434

Year Built

  • Built in 1974

Lot Details

  • Additional Parcels

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 11 Parking Spaces
  • Carport

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 126-18-016-P

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are IRR
  • Orangedale Tract 11,13,14,15 Subdivision

Building Details

  • Operating Expense $12,480
  • Gross Income $62,028
  • Net Operating Income $49,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,434

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 48th Street & Thomas
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: 4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cbrb02
  • Co List Office Phone: 602-954-6888
  • Subdivision Name: ORANGEDALE TRACT 11,13,14,15
  • Tax Parcel Letter: P
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 4647.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: Yes
  • Parcel #: 126-18-016-P

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 8
  • Electric Expense: 1069.45
  • Annual Gross Income: 62028.0
  • Insurance Expense: 1530.0
  • Property Net Operating Income: 49459.56
  • Annual Operating Expense: 12480.45

Tax Info

  • Tax Annual Amount: 3434.0
  • Tax Book Number: 126.00
  • Tax Lot: 10

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
02/16/2018 02/16/18 Sold $665,000 +2.3% $199 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $650,000 -- $194 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sacha Blanchet

    Seller's Agent in 2018

    Sacha Blanchet

    Coldwell Banker Realty

    (602) 882-4921

    19 in this area

    204 Total Sales

    Sacha Blanchet
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    Daniel Clausen

    Coldwell Banker Realty

    Section Image
  • Nancy Cotton

    Buyer's Agent in 2018

    Nancy Cotton

    Fathom Realty Elite

    (602) 316-8418

    9 in this area

    36 Total Sales

    Nancy Cotton
    Section Image
  • Gary Heaps

    Buyer Co-Listing Agent in 2018

    Gary Heaps

    Fathom Realty Elite

    (602) 989-8122

    8 in this area

    22 Total Sales

    Gary Heaps
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5707325

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-18-016N

Arizona Maricopa County Phoenix 85008 Camelback East Village

4940 E Holly 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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