Ed Drummond
Capstone Realty Professionals
(480) 680-7809
96 Total Sales
9 in Estrella Village
$340K - $425K Price Range
822 N 40th Ave Unit FRNT Phoenix, AZ 85009
Estrella Village NeighborhoodEstimated Value: $373,000 - $469,000
1
Bed
9
Baths
--
Sq Ft
1982
Built
Highlights
- Cooling Available
- Community Playground
- Ceramic Tile Flooring
- Phoenix Coding Academy Rated A
About This Home
As of August 2017Great Cash Cow Investment Property! Over 11.50% CAP RATE! Property has two homes in the front on 40th AVE and in the back there is a duplex, triplex and one other detached home. There is also a very large parking lot and play area including a basketball court! Off of 41st AVE there is a very large lot currently being leased to a tow truck company. Property produces a lot of rent with very little hassle. All 9 units are part of a 3 property parcel. So you must purchase all 3 together. All tenants have been long term tenants and there is rarely ever any vacancies. All three lots together equal to a 79,190 SF (1.8 acres). Great cash flow! Over 11.50% CAP Rate!
Last Agent to Sell the Property
RE/MAX Fine Properties License #BR520620000 Listed on: 01/18/2017
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,808
Year Built
- Built in 1982
Lot Details
- Dirt Road
- Additional Parcels
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Ceramic Tile Flooring
Parking
- 20 Parking Spaces
- Carport
- Parking Available
- Free Parking
- Paved Parking
- On-Street Parking
- 18 Open Parking Spaces
Schools
- Isaac E IMES Elementary School
- Isaac Middle School
- Carl Hayden High School
Utilities
- Cooling Available
- Air Source Heat Pump
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water, sewer, trash collection
- Assessor Parcel Number 106-04-025-A
Community Details
Overview
- 6 Buildings
- 9 Units
- Building Dimensions are 130 x 601
- To Be Provided In Escrow Subdivision
Recreation
- Community Playground
Building Details
- Operating Expense $18,188
- Gross Income $81,660
- Net Operating Income $63,472
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Estrella Village, AZ
-
Ed Drummond
-
David Mendel
David Mendel
eXp Realty
(888) 586-2019
91 Total Sales
1 in Estrella Village
$530,000 Price
-
Juan Olivas
Juan Olivas
American Freedom Realty
(602) 560-4810
118 Total Sales
4 in Estrella Village
$310K - $395K Price Range
-
Jobey Frank
Jobey Frank
Realty ONE Group
(623) 900-1395
175 Total Sales
1 in Estrella Village
$330,000 Price
-
Ruben Luna
Ruben Luna
eXp Realty
(623) 323-9793
2,272 Total Sales
151 in Estrella Village
$88K - $810K Price Range
-
Lala Smith
Lala Smith
eXp Realty
(602) 900-1668
434 Total Sales
5 in Estrella Village
$415K - $580K Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2017 08/31/17 | Sold | $617,000 | +12.2% | -- |
| 01/18/2017 01/18/17 | For Sale | $549,900 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Agents Affiliated with this Home
-
Justin Cook
Seller's Agent in 2017
Justin Cook
RE/MAX
(602) 405-2665
1 in this area
192 Total Sales
-
Aimee Lunt
Seller Co-Listing Agent in 2017
Aimee Lunt
RE/MAX
(480) 228-0320
110 Total Sales
-
Ian Chait
Buyer's Agent in 2017
Ian Chait
Barrett Real Estate
(602) 430-5572
22 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5548568
APN: 106-04-025A
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.
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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