NOT LISTED FOR SALE

6801 N 17th Ave Phoenix, AZ 85015

Alhambra Neighborhood
22 Beds
-- Bath
1,890 Sq Ft
1966 Built

Last Sold March 05, 2020

Last sale price $1,870,000 $989 Per Sq Ft

29 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Individual Controls for Heating
  • Washington High School Rated A-

About This Home

As of March 2020

Seven of the units at Agave have gone through extensive interior renovations (approximately$25,000 per unit in capital expense). Additionally, the landscaping, windows,sliders, security gating and
lighting systems have all been updated in 2019.
Agave is located 0.25 miles from a Fry's-anchored
retail center and the Valley Metro Light Rail, 1.5
mile from Abrazo CentralCampus and Christown
Spectrum Mall and centrally located between the
I-17 Deer Valley Corridor, Camelback and Central
Avenue Corridor.
New ownership will have the opportunity to renovate the remaining four classic units and bring them up to market
rents benefiting from a$250 renovation premium.
Further, new ownership can incorporate a utility
recapture of $35 per unit based on market comps.

Last Agent to Sell the Property

Craig Young

REI Marketing License #BR107286000 Listed on: 01/25/2020

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,350

Year Built

  • Built in 1966

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Parking

  • 7 Open Parking Spaces
  • 18 Parking Spaces
  • 11 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 40
  • Assessor Parcel Number 156-44-014

Community Details

Overview

  • 3 Buildings
  • 11 Units
  • Building Dimensions are 181 x 150
  • Maryland Sands 1 Lots 11 34 Subdivision

Building Details

  • Operating Expense $40,582
  • Gross Income $147,915
  • Net Operating Income $102,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,350

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: Glendale Ave and 17th Ave
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 3
  • Year Built: 1966
  • Tax Year: 2019
  • Directions: Glendale Ave to 17th Ave, South to property
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Professional Management Expense: 8696.0
  • Subdivision Name: MARYLAND SANDS 1 LOTS 11-34
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Foam
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 11.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 18.0
  • General Property Description:Covered Parking Spcs: 11.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Ceiling Fan(s)
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 11946.0

Lot Info

  • Lot Size: 181 x 150
  • Additional Parcels: No
  • Parcel #: 156-44-014

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 11
  • Annual Gross Income: 147915.0
  • Insurance Expense: 3600.0
  • Maintenance Expense: 5500.0
  • Property Net Operating Income: 102323.0
  • Annual Operating Expense: 40582.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 4350.0
  • Tax Book Number: 156.00
  • Tax Lot: 40

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
03/05/2020 03/05/20 Sold $1,870,000 -5.6% $989 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $1,980,000 -- $1,048 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Craig Young

    Seller's Agent in 2020

    Craig Young

    REI Marketing

    (480) 773-2183

    1 in this area

    173 Total Sales

    Craig Young
    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6028452

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85015 Alhambra

6801 N 17th Ave, Phoenix, AZ

This home is located at 6801 N 17th Ave, Phoenix, AZ 85015 since 25 January 2020. This property was built in 1966. 6801 N 17th Ave is a home located in Maricopa County with nearby schools including Maryland Elementary School, Washington High School, and CASA Academy.

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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