NOT LISTED FOR SALE
24 Beds
-- Bath
3,900 Sq Ft
1944 Built

Last Sold December 03, 2018

Last sale price $885,000 $227 Per Sq Ft

153 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Individual Controls for Heating

About This Home

As of December 2018

Roma is a 13-unit garden-style apartment community located in a desirable central Phoenix location. The property is situated on Roma Avenue just east of 7th Street and adjacent to Steel Indian School Park. Built in 1944, the property is made of block construction with built-up roofs and is individually-metered for electricity.
The unit mix consists of studio, one, two and three-bedroom floor plans that are spacious, well designed and range in size from ±400 SF to ±1,050 SF. Several of the units have been renovated and include new white shaker-style cabinetry, fully appointed kitchens, vertical blinds, faux-wood vinyl flooring, ceiling fans, re-faced bathroom vanities with premium lighting, ceramic tile shower surrounds and low-flow toilets.

Last Agent to Sell the Property

Jeff Seaman

CBRE, Inc License #SA551921000 Listed on: 05/09/2018

Last Buyer's Agent

Brook Miller

RE/MAX Solutions License #BR533974000

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1944

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 20
  • Assessor Parcel Number 155-19-067

Community Details

Overview

  • 9 Buildings
  • 13 Units
  • Building Dimensions are 200' x 230'
  • Laveta Place Lots 1 13, 15 28 Subdivision

Building Details

  • Operating Expense $2,017
  • Gross Income $115,562
  • Net Operating Income $62,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,017

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Cross Street: N. 7th Street and E. Roma Avenue
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 9
  • Year Built: 1944
  • Tax Year: 2322
  • Road Surface Type: Asphalt
  • Subdivision Name: LAVETA PLACE LOTS 1-13, 15-28
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Lot Info

  • Lot Size: 200' x 230'
  • Additional Parcels: Yes
  • Parcel #: 155-19-067

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 13
  • Annual Gross Income: 115561.6
  • Property Net Operating Income: 62254.0
  • Annual Operating Expense: 2017.0
  • Vacancy Allowance Rate: 0.12

Tax Info

  • Tax Annual Amount: 2017.0
  • Tax Book Number: 155.00
  • Tax Lot: 20
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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
12/03/2018 12/03/18 Sold $885,000 -6.8% $227 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $950,000 0.0% $244 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $950,000 -- $244 / 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
2023 $1,515 $56,260 $10,670 $45,590
2022 $1,515 $37,120 $7,040 $30,080
2021 $1,515 $33,140 $6,280 $26,860
2020 $1,477 $28,630 $5,430 $23,200
2019 $1,413 $25,180 $4,770 $20,410
2018 $1,366 $19,650 $3,720 $15,930
2017 $1,254 $19,470 $3,690 $15,780
2016 $1,210 $15,290 $2,900 $12,390
2015 $1,125 $12,090 $2,290 $9,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5763431

Arizona Regional Multiple Listing Service (ARMLS)