NOT LISTED FOR SALE

710 E Palm Ln Phoenix, AZ 85006

Coronado Neighborhood
-- Bed
-- Bath
-- Sq Ft
1963 Built

Last Sold March 19, 2024

Last sale price $3,300,000

41 Days on Market

Highlights

  • Cooling Available
  • Community Barbecue Grill
  • Concrete Flooring
  • Phoenix Coding Academy Rated A
  • Ceiling Fan
  • Individual Controls for Heating

About This Home

As of March 2024

Coronada Historic Neighborhood amazing 12 unit fully furnished property. Great opportunity for short or long term rentals. All units where updated in 2021 and 2022. From AC units to flooring. This is a great turn key opportunity located in the central corridor downtown. Located between 7th street & 16th street from Thomas to McDowell. Easy access to freeways, ASU downtown, UofA, Creighton University campuses and all the downtown experiences. This courtyard apartment complex is a true community driven property. Added value is the vacant lot for future development.

Last Agent to Sell the Property

Mike Snitz

Realty ONE Group License #SA651575000 Listed on: 10/09/2023

Last Buyer's Agent

Michael Snitz

eXp Realty License #SA651575000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,869

Year Built

  • Built in 1963

Home Design

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

Flooring

  • Concrete
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking

Schools

  • Emerson Elementary School
  • North High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • The owner pays for gas, electricity, trash collection, water, sewer, cable TV, landscaping
  • Legal Lot and Block 19 / 5
  • Assessor Parcel Number 117-31-120-A

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are 1668
  • Los Olivos Heights Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $47,215
  • Gross Income $244,800
  • Net Operating Income $197,585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,869

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Palm
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2022
  • Directions: At 7th street and Palm Lane head east and property is on the NE corner of 8th street and Palm Lane
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3380.86
  • Subdivision Name: LOS OLIVOS HEIGHTS
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Refrigerator
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: Soil Test
  • Construction Type: Wood Frame, Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved, Free, On Street
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features Free2: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Interior Amenities:Furnished: Yes

Fee Information

  • Annual Fuel Expense: 377.36
  • Annual Water Sewer Expense: 5022.82

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Emerson Elementary School

Lot Info

  • Lot Size: 1668
  • Additional Parcels: Yes
  • Parcel #: 117-31-120-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 12
  • Electric Expense: 8032.8
  • Annual Gross Income: 244800.0
  • Maintenance Expense: 17707.0
  • Property Net Operating Income: 197585.16
  • Annual Operating Expense: 47214.84

Tax Info

  • Tax Annual Amount: 8869.0
  • Tax Block: 5
  • Tax Book Number: 117.00
  • Tax Lot: 19

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
03/19/2024 03/19/24 Sold $3,300,000 0.0% --
11/21/2023 11/21/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $3,300,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Snitz

    Seller's Agent in 2024

    Mike Snitz

    Realty One Group

    (602) 327-2785

    3 in this area

    126 Total Sales

    Mike Snitz
    Section Image

  • M

    Buyer's Agent in 2024

    Michael Snitz

    eXp Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6615541

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85006 Coronado

710 E Palm Ln, Phoenix, AZ

This home is located at 710 E Palm Ln, Phoenix, AZ 85006 since 09 October 2023. This property was built in 1963. 710 E Palm Ln is a home located in Maricopa County with nearby schools including Emerson Elementary School, North High School, and Phoenix Coding 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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