NOT LISTED FOR SALE

8034 S Central Ave Phoenix, AZ 85042

South Mountain Neighborhood
Studio
-- Bath
-- Sq Ft
1941 Built

Last Sold September 14, 2022

Last sale price $2,200,000

106 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of September 2022

SELLING FOR LAND VALUE! PRIME REDEVELOPMENT OPPORTUNITY IN SOUTH PHOENIX! This is an exciting venture to design, engineer, and build a 48-unit townhome build-to-rent community on 2.7 AC (net) or 3.18 AC (gross) zoned R-3. 0.1 Miles from the Future Light Rail South Central Extension Stop on Baseline Rd. APNs included in Sale: 300-43-025, 300-43-027, 300-43-026, 300-43-028, 300-43-029.

Last Agent to Sell the Property

Roger Phillips

Keller Williams Realty Phoenix License #SA651186000 Listed on: 05/19/2022

Keller Williams Realty Phoenix

Co-Listed By

Joshua Wedel

Keller Williams Realty Phoenix License #SA692317000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $705

Year Built

  • Built in 1941

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof

Schools

  • Valley View Elementary School
  • C O Greenfield Middle School
  • South Mountain High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • The owner pays for trash collection, water
  • Tax Lot 6
  • Assessor Parcel Number 300-43-025

Community Details

Overview

  • 9 Buildings
  • 12 Units
  • Building Dimensions are 303.1 x 402.1

Building Details

  • Operating Expense $27,305
  • Gross Income $86,400
  • Net Operating Income $68,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$705

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Cross Street: S Central Ave and E Beautiful Lane
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3 and R1-6
  • Number Of Buildings: 9
  • Year Built: 1941
  • Tax Year: 2021
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 3600.0
  • Co List Office Mls Id: kwrp001
  • Co List Office Phone: 480-768-9333
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: Soil Test, Boundary Survey Avlb, Seller Prop Disc Stm, ALTA Survey Availbl, Development Plan Avl, Other (See Remarks)
  • Construction Type: Other, See Remarks
  • Roof: Composition, Other, See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: None

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 6000.0

Schools

  • Elementary School: Valley View Elementary School
  • High School: South Mountain High School
  • Middle Or Junior School: C O Greenfield School

Lot Info

  • Lot Size: 303.1 x 402.1
  • Additional Parcels: Yes
  • Parcel #: 300-43-025

Multi Family

  • Owner Pays: Trash Collection, Water
  • Number Of Units Total: 12
  • Electric Expense: 2000.0
  • Annual Gross Income: 86400.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 12000.0
  • Property Net Operating Income: 68695.0
  • Annual Operating Expense: 27305.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 705.0
  • Tax Book Number: 300.00
  • Tax Lot: 6
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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
09/14/2022 09/14/22 Sold $2,200,000 -12.0% --
08/11/2022 08/11/22 Price Changed $2,500,000 -13.8% --
07/08/2022 07/08/22 Price Changed $2,900,000 -9.4% --
05/18/2022 05/18/22 For Sale $3,200,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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
2023 $705 $21,850 $4,370 $17,480
2022 $691 $18,330 $3,660 $14,670
2021 $705 $15,080 $3,010 $12,070
2020 $697 $12,720 $2,540 $10,180
2019 $674 $9,560 $1,910 $7,650
2018 $656 $9,680 $1,930 $7,750
2017 $625 $6,720 $1,340 $5,380
2016 $595 $5,030 $1,000 $4,030
2015 $560 $4,850 $970 $3,880
Source: Public Records

Agents Affiliated with this Home

  • Roger Phillips

    Seller's Agent in 2022

    Roger Phillips

    Keller Williams Realty Phoenix

    (626) 251-0111

    4 in this area

    38 Total Sales

    Roger Phillips
    Section Image
  • Joshua Wedel

    Seller Co-Listing Agent in 2022

    Joshua Wedel

    Keller Williams Realty Phoenix

    (480) 768-9333

    1 in this area

    4 Total Sales

    Joshua Wedel
    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6401984

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85041 South Mountain

8034 S Central Ave, 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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