NOT LISTED FOR SALE

Estimated Value: $365,000 - $414,349

Studio
-- Bath
6,970 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 12, 2018

Last sale price $260,000 $37 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,153/month

29 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • 4-minute walk to Central Park

About This Home

As of September 2018

Investors dream! Four units in the heart of downtown Phoenix! Walk to the Ballpark and everything that downtown has to offer. Steps from The Duce and other nightlife, this property offers unlimited potential. The main house offers roughly 1100 square feet while the 3 remaining separately electric metered units are an ideal source of added revenue. There is little doubt that this property will continue to go ''up, up, up'' in desirability. Don't miss out. Priced to move.

Last Agent to Sell the Property

Joseph Roth

DeLex Realty License #SA641976000 Listed on: 06/13/2018

DeLex Realty

Last Buyer's Agent

Joseph Roth

DeLex Realty License #SA641976000 Listed on: 06/13/2018

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,146

Year Built

  • Built in 1926

Lot Details

  • 7,579

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV, landscaping
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 1 / 28
  • Assessor Parcel Number 112-26-115

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 7564
  • Linville Unnumbered Subdivision

Building Details

  • Operating Expense $5,546
  • Gross Income $21,978
  • Net Operating Income $17,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,146

Year Built

Built in 1926

Lot Details

7,579 Sq Ft Lot

Listing Details

  • Cross Street: Grant St & 1st St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: DTC-COM-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1926
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: LINVILLE UNNUMBERED
  • Cooling:Ceiling Fan(s): Yes
  • Water Irrigation: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Concrete
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit, Electric, Central A/C
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Irrigation
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 7564
  • Additional Parcels: No
  • Parcel #: 112-26-115

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 21978.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 17580.0
  • Annual Operating Expense: 5546.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1146.0
  • Tax Block: 28
  • Tax Book Number: 112.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2021
Sold by
1004 Downtown Inc
Bought by
Soya Llc
Current Estimated Value
$392,837

Purchase Details

Listed on
Jun 13, 2018
Closed on
Aug 13, 2018
Sold by
Vaquera Jose J and Vaquera Eustolia
Bought by
1004 Downtown Inc
Seller's Agent
Joseph Roth
DeLex Realty
Buyer's Agent
Joseph Roth
DeLex Realty
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%

Purchase Details

Closed on
Nov 14, 2016
Sold by
Sanchez Hugo
Bought by
Vaquera Jose J and Vaquera Eustolia

Purchase Details

Closed on
Dec 10, 2012
Sold by
Monje Angelina
Bought by
Munoz Elias Alberto

Purchase Details

Closed on
May 29, 2009
Sold by
Sanchez Hugo G
Bought by
Monje Angelina
Source: Public Records
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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
Soya Llc -- None Available
1004 Downtown Inc $260,000 Chicago Title Agency Inc
Vaquera Jose J -- None Available
Munoz Elias Alberto -- None Available
Monje Angelina -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2018 09/12/18 Sold $260,000 -13.3% $37 / Sq Ft
06/13/2018 06/13/18 For Sale $300,000 -- $43 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,325 $9,326 -- --
2024 $1,235 $8,882 -- --
2023 $1,235 $26,810 $5,360 $21,450
2022 $1,191 $21,920 $4,380 $17,540
2021 $1,182 $16,110 $3,220 $12,890
2020 $1,196 $14,280 $2,850 $11,430
2019 $1,194 $12,350 $2,470 $9,880
2018 $1,174 $12,120 $2,420 $9,700
2017 $1,146 $8,720 $1,740 $6,980
2016 $1,113 $7,910 $1,580 $6,330
2015 $632 $6,350 $1,270 $5,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5780212

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-26-115

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