NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1963 Built

Sale Details

Date 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

Realty ONE Group

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 Sq Ft Lot

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
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Mar 19, 2024
Sold by
Bought by
Seller's Agent
Mike Snitz
Realty ONE Group
Buyer's Agent
Mike Snitz
Realty ONE Group
List Price
$3,300,000
Sold Price
$3,300,000
Views
50

Purchase Details

Closed on
May 19, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,065,000
Interest Rate
0.0472%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
0.047%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
0.0371%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
0.0371%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
0.0371%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
0.041%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 14, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 13, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 1998
Sold by
Bought by

Purchase Details

Closed on
Nov 1, 1994
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,300,000 Old Republic Title Agency
$2,950,000 Old Republic Title
$1,675,000 Stewart Title & Trust Of Pho
-- Stewart Title
-- Stewart Title
$940,000 Stewart Title
$400,000 Lawyers Title Of Arizona Inc
-- Chicago Title
-- Transnation Title Insurance
$336,500 Transnation Title Insurance
$275,000 Capital Title Agency
$132,500 First American Title
$132,500 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,065,000
Previous Owner $375,000
Previous Owner $550,000
Previous Owner $540,000
Previous Owner $275,000
Previous Owner $70,000
Previous Owner $40,000
Previous Owner $30,000
Previous Owner $372,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $69,438
2024 $4,598 $66,131
2023 $4,598 $185,130 $37,020 $148,110
2022 $8,869 $121,270 $24,250 $97,020
2021 $8,802 $147,980 $29,590 $118,390
2020 $8,904 $113,360 $22,670 $90,690
2019 $8,889 $80,020 $16,000 $64,020
2018 $8,738 $67,600 $13,520 $54,080
2017 $2,070 $29,580 $5,910 $23,670
2016 $2,010 $23,720 $4,740 $18,980
2015 $1,860 $21,410 $4,280 $17,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6615541

Arizona Regional Multiple Listing Service (ARMLS)
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