NOT LISTED FOR SALE

616 N 10th Ave Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $484,000 - $1,122,000

-- Bed
-- Bath
-- Sq Ft
6,273 Sq Ft Lot

Last Sold February 16, 2024

Last sale price $2,080,000

Current estimated payment $3,792/month

Highlights

  • Cooling Available
  • Vinyl Flooring
  • 2-minute walk to Hu-O-Te Mini Park
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of February 2024

Property to be purchased with 616 N 10th Ave, total price is $2,100,000 for all 8 units. 614 - 616 North 10th Avenue is a 100% occupied newly renovated 8-unit boutique apartment community that offers an attractive unit mix including (5) one-bedroom / one-bathroom units, (2) two-bedroom / one-bathroom casitas, & (1) two-bedroom / two-bathroom unit. Six of the eight units have fully landscaped private backyards complete with pavers, plants, drip system and accent lighting. No expense was spared in the renovations with more than $640,000 of capital improvements.

Last Agent to Sell the Property

Dallin Hammond

ABI Multifamily License #SA677560000 Listed on: 12/12/2023

Co-Listed By

Tom Palestina

ABI Multifamily License #SA688331000

Last Buyer's Agent

Ronald Schmidt

West USA Realty License #SA671980000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $530

Year Built

  • Built in 1936

Lot Details

  • 6,273

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 16 / J
  • Assessor Parcel Number 111-29-191

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Building Dimensions are 125.30x50.38x125.26x50.31
  • University Addition Subdivision

Building Details

  • Operating Expense $530
  • Gross Income $155,458
  • Net Operating Income $118,458

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$530

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2023
  • Road Surface Type: Gravel
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: UNIVERSITY ADDITION
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: 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: Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 125.30x50.38x125.26x50.31
  • Additional Parcels: Yes
  • Parcel #: 111-29-191

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 8
  • Annual Gross Income: 155458.0
  • Property Net Operating Income: 118458.0
  • Annual Operating Expense: 530.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 530.0
  • Tax Block: J
  • Tax Book Number: 111.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Feb 16, 2024
Sold by
Garfield District Partners Llc
Bought by
Angel Heart Behavioral Holdings Iii Llc
Seller's Agent
Dallin Hammond
ABI Multifamily
Buyer's Agent
Ronald Schmidt
West USA Realty
List Price
$2,100,000
Sold Price
$2,080,000
Premium/Discount to List
-$20,000
-0.95%
Views
35
Current Estimated Value
$706,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,373,099
Avg. Annual Appreciation
-50.53%

Purchase Details

Closed on
Mar 22, 2021
Sold by
Trinity Home Improvements Llc
Bought by
Garfield District Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,111,279
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 13, 2009
Sold by
Rodriguez Abraham G
Bought by
Black Paw Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
5.15%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 10, 2008
Sold by
Sokol Jack P and Sokol Cecilia
Bought by
Rojas Rochelle
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Angel Heart Behavioral Holdings Iii Llc $2,080,000 Wfg National Title Insurance C
Garfield District Partners Llc $2,155,000 Commonwealth Title
Black Paw Property Management Llc $200,000 Chicago Title
Rojas Rochelle -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garfield District Partners Llc $2,111,279
Previous Owner Black Paw Property Management Llc $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $2,080,000 -1.0% --
02/16/2024 02/16/24 Price Changed $2,100,000 0.0% --
12/21/2023 12/21/23 For Sale $2,100,000 -- --
12/13/2023 12/13/23 Pending -- -- --
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 $535 $4,002 -- --
2024 $530 $3,812 -- --
2023 $530 $23,160 $6,130 $17,030
2022 $511 $15,160 $4,010 $11,150
2021 $507 $12,240 $3,240 $9,000
2020 $513 $11,400 $3,020 $8,380
2019 $512 $10,440 $2,760 $7,680
2018 $504 $8,130 $2,150 $5,980
2017 $492 $7,030 $1,860 $5,170
2016 $478 $6,050 $1,600 $4,450
2015 $442 $4,470 $890 $3,580
Source: Public Records

Agents Affiliated with this Home

  • Dallin Hammond

    Seller's Agent in 2024

    Dallin Hammond

    ABI Multifamily

    (602) 714-1400

    5 in this area

    37 Total Sales

    Dallin Hammond
    Section Image
  • Tom Palestina

    Seller Co-Listing Agent in 2024

    Tom Palestina

    ABI Multifamily

    (602) 714-1400

    12 in this area

    36 Total Sales

    Tom Palestina
    Section Image
  • Ronald Schmidt

    Buyer's Agent in 2024

    Ronald Schmidt

    West USA Realty

    (805) 458-6735

    3 in this area

    38 Total Sales

    Ronald Schmidt
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6642485

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-29-191

Arizona Maricopa County Phoenix 85007 Central City

616 N 10th Ave, Phoenix, AZ

This home is located at 616 N 10th Ave, Phoenix, AZ 85007 since 12 December 2023 and is currently estimated at $706,901. This property was built in 1936. 616 N 10th Ave is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, 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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