NOT LISTED FOR SALE

813 E Marlette Ave Phoenix, AZ 85014

Camelback East Village Neighborhood
3 Beds
2 Baths
1,200 Sq Ft
1962 Built

Last Sold June 24, 2022

Last sale price $5,115,000 $4,262 Per Sq Ft

36 Days on Market

Highlights

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

About This Home

As of June 2022

Location, Location, Location!

813 Marlette Apartments sits directly in the middle of Uptown Phoenix just off the famed 7th Street Corridor and Restaurant Row. Situated on a quiet street still minutes away from great restaurants, Uptown Plaza, and easy freeway access points to SR51 and I-10.

The property has 14 units. Including (13) 2/2 units, and (1) is a 1/1 unit. It received a full remodel in 2020 with popular modern finishes. All the units include an in-suite washer and dryer. Several units have large outdoor backyards. The property has a new roof, windows, doors, security system, and more. The property has low maintenance desert-scape and a nice courtyard. Each unit is individually metered.

This is a rare and excellent investment in an A location that you don't want to miss!

Last Agent to Sell the Property

Collin Corsmeier

HomeSmart License #SA694454000 Listed on: 04/07/2022

HomeSmart

Last Buyer's Agent

Craig Mernitz

RE/MAX Fine Properties License #SA513183000

RE/MAX Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,669

Year Built

  • Built in 1962

Home Design

  • Block Exterior

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 37
  • Assessor Parcel Number 161-15-035-F

Community Details

Overview

  • 14 Units
  • Building Dimensions are 146x122
  • Orange Heights Lots 44, 45 & Tr A Subdivision

Building Details

  • Operating Expense $45,340
  • Gross Income $306,016
  • Net Operating Income $261,227

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,669

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Bethany Home Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: ORANGE HEIGHTS LOTS 44, 45 & TR A
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Construction Type: Other, See Remarks, Painted, Block
  • Roof: Other, See Remarks
  • Construction:Other (See Remarks)23: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Individual Meter
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Fire Sprinklers2: Yes

Lot Info

  • Lot Size: 146x122
  • Additional Parcels: No
  • Parcel #: 161-15-035-F

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 14
  • Annual Gross Income: 306015.9
  • Property Net Operating Income: 261227.0
  • Annual Operating Expense: 45340.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 8669.0
  • Tax Book Number: 161.00
  • Tax Lot: 37

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
06/24/2022 06/24/22 Sold $5,115,000 -6.9% $4,263 / Sq Ft
05/12/2022 05/12/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $5,495,990 +54.3% $4,580 / Sq Ft
04/20/2021 04/20/21 Sold $3,562,000 -5.0% $2,968 / Sq Ft View Prior Sale
04/17/2021 04/17/21 Price Changed $3,750,000 0.0% $3,125 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
12/11/2020 12/11/20 For Sale $3,750,000 -- $3,125 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Collin Corsmeier

    HomeSmart

    (612) 770-1717

    2 in this area

    7 Total Sales

    Collin Corsmeier
    Section Image
  • Craig Mernitz

    Buyer's Agent in 2022

    Craig Mernitz

    RE/MAX

    (602) 739-2385

    1 in this area

    47 Total Sales

    Craig Mernitz
    Section Image
  • Leslie McDonnell

    Buyer Co-Listing Agent in 2022

    Leslie McDonnell

    RE/MAX

    (602) 510-5991

    8 in this area

    45 Total Sales

    Leslie McDonnell
    Section Image
  • John Klocek

    Seller's Agent in 2021

    John Klocek

    ABI Multifamily

    (602) 639-0088

    10 in this area

    23 Total Sales

    John Klocek
    Section Image
  • Patrick Burch

    Seller Co-Listing Agent in 2021

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    12 in this area

    36 Total Sales

    Patrick Burch
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6379688

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85014 Camelback East Village

813 E Marlette 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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