NOT LISTED FOR SALE
12 Beds
6 Baths
768 Sq Ft
1968 Built

Last Sold November 11, 2020

Last sale price $807,500 $1,051 Per Sq Ft

112 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of November 2020

Alta Vista provides an investor the opportunity to own 6 casita type rental units that provide a single-family feel. All units have their own fenced front and back yards. This property also allows the new owner the opportunity to add value on the current units as well as the option to develop more units on the property. The property is currently 100% occupied and the rents were in place prior to the extensive exterior upgrades completed, allowing new ownership to push rents at lease renewal. The current owner had plans created to add four additional units on the north side of the property. Within the last 3 months the following exterior improvements were completed: modern wood panel fencing, fresh white exterior
paint, repaired/resealed roofs, artificial turf, and fresh asphalt.

Last Agent to Sell the Property

Patrick Benjamin

City to City Commercial License #SA677777000 Listed on: 07/02/2020

Co-Listed By

Shane Benjamin

City To City Commercial License #SA642432000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,318

Year Built

  • Built in 1968

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 114-26-048

Community Details

Overview

  • 6 Buildings
  • 6 Units
  • Building Dimensions are 113x398

Building Details

  • Operating Expense $17,643
  • Gross Income $105,300
  • Net Operating Income $52,557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,318

Year Built

Built in 1968

Listing Details

  • Cross Street: Alta Vista Rd and 7th Street
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 6
  • Ownership: Fee Simple
  • Year Built: 1968
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 7200.0
  • Co List Office Mls Id: benj01
  • Co List Office Phone: 480-355-2222
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 113x398
  • Additional Parcels: No
  • Parcel #: 114-26-048

Multi Family

  • Owner Pays: Water
  • Tenant Pays: See Remarks
  • Number Of Units Total: 6
  • Annual Gross Income: 105300.0
  • Insurance Expense: 1375.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 52557.0
  • Annual Operating Expense: 17643.0
  • Vacancy Allowance Rate: 2.5

Tax Info

  • Tax Annual Amount: 1318.0
  • Tax Book Number: 114.00
  • Tax Lot: 0
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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
11/11/2020 11/11/20 Sold $807,500 -5.0% $1,051 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
09/04/2020 09/04/20 Price Changed $850,000 -7.1% $1,107 / Sq Ft
07/02/2020 07/02/20 For Sale $915,000 +59.4% $1,191 / Sq Ft
04/16/2020 04/16/20 Sold $574,000 -0.2% $747 / Sq Ft View Prior Sale
03/10/2020 03/10/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $574,900 -- $749 / 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 $1,458 $9,668 -- --
2024 $1,380 $9,207 -- --
2023 $1,380 $59,670 $11,930 $47,740
2022 $1,352 $39,560 $7,910 $31,650
2021 $1,380 $29,860 $5,970 $23,890
2020 $1,363 $25,910 $5,180 $20,730
2019 $1,318 $24,480 $4,890 $19,590
2018 $1,283 $18,360 $3,670 $14,690
2017 $1,223 $15,370 $3,070 $12,300
2016 $1,163 $13,270 $2,650 $10,620
2015 $1,095 $10,060 $2,010 $8,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6099551

Arizona Regional Multiple Listing Service (ARMLS)
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