NOT LISTED FOR SALE
-- Bed
1 Bath
600 Sq Ft
0.42 Acres

Last Sold January 27, 2020

Last sale price $1,375,000 $2,292 Per Sq Ft

24 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Solano School Rated 9+
  • Carpet

About This Home

As of January 2020

BRAND NEW 2 BEDROOM 2 BATH UNITS IN THE HEART OF PHOENIX. TWO BUILDING 4 UNITS EACH. TOTAL OF 8 UNITS. WALKING DISTANCE TO COSTCO, WALMART, TARGET, DINING AND LIGHT RAIL. UNITS INCLUDE WASHER DRYER, STOVE, RANGE MICROWAVE AND DISHWASHER. REALLY NICE PROPERTY. ALL UNITS ARE LEASED AND WAITING ITS NEW OWNER TO MANAGE.

Last Agent to Sell the Property

Veronica Pinales

Colonial Realty, LLC License #SA561757000 Listed on: 09/30/2019

Last Buyer's Agent

Veronica Pinales

Colonial Realty, LLC License #SA561757000 Listed on: 09/30/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,633

Year Built

  • Built in 2016

Lot Details

  • 0.42

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Solano Elementary School
  • Osborn Middle School
  • Washington High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, landscaping
  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 156-39-031-A

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 4074
  • Nile Tract Blk 2 Subdivision

Building Details

  • Operating Expense $18,713
  • Gross Income $115,200
  • Net Operating Income $96,487

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,633

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Cross Street: 17TH AVE AND COLTER
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2016
  • Tax Year: 2019
  • Directions: CAMELBACK AND 19TH AVE, HEAD NORTH ON 19TH AVE ,EAST ON COLTER, NORTH TO PROPERTY.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 4800.0
  • Subdivision Name: NILE TRACT BLK 2
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Individual
  • 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: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: 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:Vertical Blinds2: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Fee Information

  • Annual Water Sewer Expense: 3120.0

Schools

  • Elementary School: Solano School
  • High School: Washington High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: 4074
  • Additional Parcels: No
  • Parcel #: 156-39-031-A

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 360.0
  • Annual Gross Income: 115200.0
  • Property Net Operating Income: 96487.0
  • Annual Operating Expense: 18713.0

Tax Info

  • Tax Annual Amount: 8633.0
  • Tax Block: 2
  • Tax Book Number: 156.00
  • Tax Lot: 5

Range of Values:

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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
01/27/2020 01/27/20 Sold $1,375,000 -14.1% $2,292 / Sq Ft
12/11/2019 12/11/19 Price Changed $1,600,000 0.0% $2,667 / Sq Ft
10/24/2019 10/24/19 Pending -- -- --
10/15/2019 10/15/19 Price Changed $1,600,000 -11.1% $2,667 / Sq Ft
10/02/2019 10/02/19 Price Changed $1,800,000 -37.9% $3,000 / Sq Ft
09/30/2019 09/30/19 For Sale $2,899,000 -- $4,832 / 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: 5985246

Arizona Regional Multiple Listing Service (ARMLS)

APN: 156-39-031A