NOT LISTED FOR SALE
-- Bed
-- Bath
12,265 Sq Ft
0.54 Acres

Last Sold December 13, 2021

Last sale price $1,200,000 $98 Per Sq Ft

2,025 Days on Market

Highlights

  • Gated Community
  • 0.54 Acre Lot
  • Concrete Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of December 2021

Unique Investment Opportunity! This .54 acres (23,558 sf) property can be (a) an investment; (b) a an assemblage, or (c) an owner/user; Property manage 29 bays, 9 storage spaces, 6 auto lifts and 1 paint booth; 12,264 sf under roof; traffic count 27,123 cars/day; CAP RATE 7.2%; Rental Prices can be increased; Melrose District; C-3 Zoning is grandfathered in; otherwise: C-2 Zoning; 7th Avenue & Glenrosa upgraded by City of Phoenix; Newer power poles, sidewalks and canopies; 7th Ave Overlay District allows more parking; close to Camelback Road; Vibrant area; Arts district area; half .5 mile from light rail and Central Ave.

Last Agent to Sell the Property

Bryan Watkins

LRA Real Estate Group, LLC License #BR545459000 Listed on: 03/04/2016

Last Buyer's Agent

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000

SVN/Desert Commercial Advisors

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,251

Year Built

  • Built in 1948

Lot Details

  • 0.54 Acre Lot
  • Additional Parcels
  • Property is zoned C-3 grandfather

Home Design

  • Composition Roof
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 12,265 Sq Ft Home
  • Concrete Flooring

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 155-39-089-A

Community Details

Building Details

  • Operating Expense $9,251
  • Net Operating Income $90,000

Additional Features

  • 6 Buildings
  • Gated Community

Property Details

Property Type

Other

Est. Annual Taxes

$9,251

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & Glenrosa Ave
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-3 grandfather
  • Current Use: Automobile
  • Number Of Buildings: 6
  • Year Built: 1948
  • Tax Year: 2013
  • Directions: E on Glenrosa to property on South side
  • Lot Size Acres: 0.54
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s), Alley
  • Structure Type: Commercial, Industrial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Other, See Remarks
  • Construction Type: Block
  • Roof: Composition, Metal
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Paved Parking: Yes
  • Parking:Private Parking: Yes
  • Parking:Fenced: Yes

Utilities

  • Electric: 3 Phase Power, Individual Meter, SRP
  • Cooling: None
  • Heating: None
  • Green Building Features: Security Gate
  • Water Source: City Franchise
  • Heating:None29: Yes

Association/Amenities

  • Amenities:Security Gate: Yes

Lot Info

  • Lot Size Sq Ft: 23558.0
  • Additional Parcels: Yes
  • Parcel #: 155-39-089-A
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 90000.0
  • Annual Operating Expense: 9251.0

Tax Info

  • Tax Annual Amount: 9251.0
  • Tax Book Number: 155.00
  • Tax Lot: 0
  • Tax Map Number: 39.00

Range of Values:

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Average Value
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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
12/13/2021 12/13/21 Sold $1,200,000 0.0% $98 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $1,200,000 0.0% $98 / Sq Ft
04/01/2021 04/01/21 Off Market $1,200,000 -- --
05/09/2019 05/09/19 Price Changed $1,200,000 -7.7% $98 / Sq Ft
01/17/2019 01/17/19 Price Changed $1,300,000 +18.2% $106 / Sq Ft
02/03/2016 02/03/16 For Sale $1,100,000 -- $90 / 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: 5407905

Arizona Regional Multiple Listing Service (ARMLS)