NOT LISTED FOR SALE

605 W Pierson St Phoenix, AZ 85013

Uptown Phoenix Neighborhood
2 Beds
1 Bath
775 Sq Ft
1958 Built

Last Sold May 31, 2019

Last sale price $2,100,000 $2,710 Per Sq Ft

66 Days on Market

Highlights

  • Cooling Available
  • 5-minute walk to 7Th Ave/Camelback
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of May 2019

Pierson Place is a fully re-positioned property with an incredible unit mix. Located in an amazing neighbor of Melrose District. Downtown Phoenix where you are walking distance to the light rail but also in a residential neighborhood. Property is super clean and all major capital improvements done in 2016. All new flooring kitchen and bath, sewer lines plumbing, widows, paint, and more! This property features (4 ) three bedroom 2 baths (4) two bedrooms one baths (4) one bedroom one bath units. (1) studio unit. All units have covered parking and beautiful remodeling and washer in dryers inside the units. Separately meter for electric. Rents have not been raised since 2016 . Upside in rents. Rents for a three bedroom should be at 1,399 and two bedrooms at 1200-1,250 and the one's 1,000-1,150. Current rents are at 800-1275 All facts and figures are approximate buyer verify MLS info. Drive by only tenant's unaware of sale.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 02/15/2019

Co-Listed By

Joshua Willets

Grace CRE License #BR675965000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,834

Year Built

  • Built in 1958

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 12 Parking Spaces
  • 12 Covered Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 155-35-003-B

Community Details

Overview

  • 12 Units
  • Building Dimensions are IRR
  • Pierson Place Subdivision

Building Details

  • Operating Expense $38,788
  • Gross Income $180,644
  • Net Operating Income $141,856

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,834

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: Camelback and 7th Ave
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Year Built: 1958
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7440.0
  • Co List Office Mls Id: inls01
  • Co List Office Phone: 619-892-5170
  • Subdivision Name: PIERSON PLACE
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 1000.0
  • Trash Expense: 2160.0
  • Annual Water Sewer Expense: 3120.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 155-35-003-B

Multi Family

  • Number Of Units Total: 12
  • Electric Expense: 1200.0
  • Annual Gross Income: 180644.4
  • Insurance Expense: 2000.0
  • Maintenance Expense: 5000.0
  • Property Net Operating Income: 141856.0
  • Annual Operating Expense: 38788.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7834.0
  • Tax Book Number: 155.00
  • Tax Lot: 3

Range of Values:

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Average Value
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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 Change Sq Ft Price
05/31/2019 05/31/19 Sold $2,100,000 -6.7% $2,710 / Sq Ft
04/22/2019 04/22/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $2,250,000 -- $2,903 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2019

    Sophia Baron

    Grace CRE

    (480) 375-0227

    84 Total Sales

    Sophia Baron
    Section Image
  • Joshua Willets

    Seller Co-Listing Agent in 2019

    Joshua Willets

    Grace CRE

    (561) 473-4477

    31 Total Sales

    Joshua Willets
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5883663

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85013 Uptown Phoenix

605 W Pierson St, Phoenix, AZ

This home is located at 605 W Pierson St, Phoenix, AZ 85013 since 15 February 2019. This property was built in 1958. 605 W Pierson St is a home located in Maricopa County with nearby schools including Longview Elementary School, Osborn Middle School, and Central High School.

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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