NOT LISTED FOR SALE
13 Beds
12 Baths
1,275 Sq Ft
1944 Built

Last Sold April 23, 2018

Last sale price $910,345 $714 Per Sq Ft

22 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of April 2018

Encanto Park III is a 12-unit multifamily investment opportunity in the
heart of Uptown. The property is located directly off the 7th Street
corridor, approximately one mile from the famed Restaurant Row.
Encanto Park enjoys direct access to all areas of the Phoenix Valley by
way of the 51 Freeway (just under 1.5 miles away) and nearby Light Rail
Transit System (nearest station is less than a mile away). There are
numerous dining and entertainment options in close proximity to the
property given its prime central Phoenix location.
Encanto Park features popular mid-century, block construction and has
undergone many recent upgrades, though there are still additional
opportunities to add value. The property has ample covered and
uncovered parking, and is individually metered for el Additionally, most units have undergone extensive interior renovations.
There are not many properties available at this price point in the heart
of Phoenix.
This property is being sold as part of a 29 unit, 3-property portfolio
comprised of 730-736 East Turney Avenue (12 units), 740 East Turney
Avenue (5 units), and 808-820 (12 units) East Turney Avenue in Phoenix,
AZ. The seller reserves to right to sell each property individually, or all
three as a whole portfolio.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 01/30/2018

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Joseph Boyle

Joseph Bernard Investment RE License #SA671048000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,526

Year Built

  • Built in 1944

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 18
  • Assessor Parcel Number 155-19-010

Community Details

Overview

  • Building Dimensions are 225' x 170'
  • Carolyn Place Lot 10 45 Subdivision

Building Details

  • Operating Expense $3,526
  • Net Operating Income $68,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,526

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Camelback Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Year Built: 1944
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: CAROLYN PLACE LOT 10-45
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: None
  • Construction Type: Other, See Remarks, Painted, Block
  • Roof: See Remarks, Composition, Other
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:No Pool: Yes
  • Community Amenities:See Remarks15: Yes

Lot Info

  • Lot Size: 225' x 170'
  • Additional Parcels: Yes
  • Parcel #: 155-19-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Property Net Operating Income: 68144.0
  • Annual Operating Expense: 3526.0

Tax Info

  • Tax Annual Amount: 3526.0
  • Tax Book Number: 155.00
  • Tax Lot: 18
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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
04/23/2018 04/23/18 Sold $910,345 +1.1% $714 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $899,999 -- $706 / Sq Ft
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
2025 $2,257 $17,384 -- --
2024 $2,107 $16,556 -- --
2023 $2,107 $70,070 $14,730 $55,340
2022 $2,096 $58,900 $12,380 $46,520
2021 $2,131 $46,670 $9,810 $36,860
2020 $2,077 $41,500 $8,720 $32,780
2019 $1,987 $32,310 $6,790 $25,520
2018 $1,921 $27,920 $5,870 $22,050
2017 $1,764 $21,430 $4,500 $16,930
2016 $1,702 $16,990 $3,570 $13,420
2015 $1,582 $14,900 $3,130 $11,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5716272

Arizona Regional Multiple Listing Service (ARMLS)