NOT LISTED FOR SALE

726 E Mobile Ln Unit 1-5 Phoenix, AZ 85040

South Mountain Neighborhood
15 Beds
5 Baths
1,100 Sq Ft
1959 Built

Last Sold September 23, 2019

Last sale price $430,000 $391 Per Sq Ft

16 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of September 2019

Value Add Sweat Equity!! All 3 Bedroom Stand Alone Cottages AND ALL Individually Parceled! Clean them up, add some blacktop and raise the already solid rents! Most recent lease $875. This package allows for Maximum Exit Strategy! Sell Individually to first time home buyers or as a Rock Solid Package after continued Value Increases! Easy Keeper Solid Block Constructed Investment with 3 A/C Units & Water Heaters replaced in 2012 & one A/C this year! This location is set to Boom with the Loop 202 (South Mountain Freeway) Expansion! Don't Miss Out!

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 08/20/2019

Keller Williams Arizona Realty

Co-Listed By

Kerry Keezer

72SOLD License #SA643532000

Last Buyer's Agent

Robert Tolnai

Best Homes Real Estate License #SA529823000

Best Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,609

Year Built

  • Built in 1959

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Free Parking

Schools

  • Roosevelt Elementary School
  • John F Kennedy Middle School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 113-48-071

Community Details

Overview

  • 5 Buildings
  • 5 Units
  • Building Dimensions are Irregular
  • Roeser Homes Subdivision

Building Details

  • Operating Expense $16,466
  • Gross Income $50,925
  • Net Operating Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,609

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: SOUTHERN& 7TH ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2018
  • Road Surface Type: Gravel, Dirt
  • Professional Management Expense: 2852.3
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Subdivision Name: ROESER HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Individual
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 437.75
  • Trash Expense: 1611.0
  • Annual Water Sewer Expense: 3496.5

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: John F Kennedy School

Lot Info

  • Lot Size: Irregular
  • Additional Parcels: Yes
  • Parcel #: 113-48-071

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 50925.0
  • Insurance Expense: 1800.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 31200.0
  • Annual Operating Expense: 16465.55
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2609.0
  • Tax Book Number: 113.00
  • Tax Lot: 2
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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 List to Sale Price per Sq Ft Prior Sale
09/23/2019 09/23/19 Sold $430,000 -4.4% $391 / Sq Ft
08/20/2019 08/20/19 For Sale $450,000 +157.1% $409 / Sq Ft
05/15/2013 05/15/13 Sold $175,000 -30.0% $159 / Sq Ft View Prior Sale
03/28/2013 03/28/13 Pending -- -- --
09/23/2012 09/23/12 For Sale $249,900 -- $227 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rick Horst

    Seller's Agent in 2019

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    3 in this area

    33 Total Sales

    Rick Horst
    Section Image
  • Kerry Keezer

    Seller Co-Listing Agent in 2019

    Kerry Keezer

    72SOLD

    (480) 760-1494

    59 Total Sales

    Kerry Keezer
    Section Image
  • Robert Tolnai

    Buyer's Agent in 2019

    Robert Tolnai

    Best Homes Real Estate

    (602) 516-5360

    6 in this area

    112 Total Sales

    Robert Tolnai
    Section Image
  • Sunny Rostami

    Seller's Agent in 2013

    Sunny Rostami

    Expert Realty LLC

    (602) 456-7600

    1 in this area

    4 Total Sales

    Sunny Rostami
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5967961

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85040 South Mountain

726 E Mobile Ln Unit 1-5, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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