NOT LISTED FOR SALE

825 E Marlette Ave Phoenix, AZ 85014

Camelback East Village Neighborhood
1 Bed
1 Bath
3,311 Sq Ft
0.28 Acres

Last Sold December 05, 2019

Last sale price $1,375,000 $415 Per Sq Ft

5 Days on Market

Highlights

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

About This Home

As of December 2019

Marlette 8 is an eight-unit boutique apartment property located in the heart of North
Central Phoenix. The property sits directly in the middle of Uptown, just off of the
famed 7th Street Corridor/Restaurant Row. It is a 3/4 of a mile to the original Yard (and
Culinary Dropout) concept that was the impetus to the massive 7th Street/Restaurant
Row growth. The property sits on a quiet street, minutes away from the Crown Plaza
development with Wildflower Bread Company and Rito's Mexican Food. The Womack,
an amazing tribute to the iconic Phoenix bar, Chez Nous, is also a short bike ride/walk
away, as well as Fuego Bistro, Mora Italian, Cold Beers & Cheeseburgers and all of the
dining and shopping at Uptown Plaza just to name a few. This property really sits in the
heart of it all. The location is as popular as it gets and allows residents to enjoy, with
ease, so much of what Phoenix has to offer. With many dining, shopping, and
entertainment options, as well as multiple freeway access points within minutes,
Marlette 8 is an extremely desirable property for residents to live.
Marlette 8 consists of half two-bedroom/one-bath units and half one-bedroom/onebath units. They are all individually metered for electricity and all of the units have
individual washer/dryers. Three of the units have been completely remodeled with
new cabinets, quartz countertops, deep basin sink with pull-down sprayer, stainless
steel appliances, new faux wood vinyl flooring throughout, upgraded electrical and
plumbing fixtures, two-tone paint, etc. Three of the units have had partial renovations,
with painted cabinets, resurfaced countertops, new appliances, new faux wood vinyl
flooring and carpet in bedroom, upgraded electrical and plumbing fixtures and twotone paint. Two of the units are fairly original. Value-add opportunities exist through
additional updates to the five units that have not been completely upgraded as well as
by giving the exterior an easy face-lift. The property sits on two separate parcels,
allowing for someone to get 30-year fixed rate residential financing if desired. This is a
phenomenal bite-sized opportunity in an Class-A location that should continue to
improve as things continue to happen in the heart of Uptown Phoenix.

Last Agent to Sell the Property

John Klocek

ABI Multifamily License #SA657592000 Listed on: 09/26/2019

Co-Listed By

Patrick Burch

ABI Multifamily License #BR515118000

Last Buyer's Agent

Angelessa Ritchie

Orion Investment Real Estate License #SA673011000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,016

Year Built

  • Built in 1958

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof

Parking

  • 8 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 161-15-062

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Building Dimensions are 194x124
  • Rose Lane Park Subdivision

Building Details

  • Operating Expense $6,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,016

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 7th Street & Bethany Home Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Subdivision Name: ROSE LANE PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other (See Remarks), BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks, Composition
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Free, Street Parking, Common
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 194x124
  • Additional Parcels: Yes
  • Parcel #: 161-15-062

Multi Family

  • Owner Pays: Other, See Remarks, Gas, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 8
  • Annual Operating Expense: 6016.0

Tax Info

  • Tax Annual Amount: 6016.0
  • Tax Book Number: 161.00
  • Tax Lot: 1

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
12/05/2019 12/05/19 Sold $1,375,000 -1.8% $415 / Sq Ft
11/18/2019 11/18/19 Price Changed $1,400,000 0.0% $423 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $1,400,000 0.0% $423 / Sq Ft
10/01/2017 10/01/17 Rented $850 0.0% --
09/21/2017 09/21/17 Under Contract -- -- --
08/16/2017 08/16/17 For Rent $850 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Klocek

    Seller's Agent in 2019

    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 2019

    Patrick Burch

    ABI Multifamily

    (520) 603-1768

    12 in this area

    36 Total Sales

    Patrick Burch
    Section Image
  • Angelessa Ritchie

    Buyer's Agent in 2019

    Angelessa Ritchie

    Orion Investment Real Estate

    (602) 445-4141

    Angelessa Ritchie
    Section Image

  • J

    Seller's Agent in 2017

    Jacque Desjardins

    Asset Living, LLC

    (602) 474-3555

    Jacque Desjardins
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5983458

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

825 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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