D
Seller's Agent in 2024
Donald Peper
Clear Commercial Advisors
(602) 428-0000
3 in this area
8 Total Sales
825 N 2nd Ave Phoenix, AZ 85003
Downtown Phoenix Neighborhood
--
Bed
--
Bath
930
Sq Ft
0.32
Acres
Highlights
- Wood Flooring
- 4-minute walk to Roosevelt/Central Ave
- Community Barbecue Grill
- Phoenix Coding Academy Rated A
- Cooling System Mounted To A Wall/Window
- 3-minute walk to Roosevelt Mini Park
About This Home
As of November 2014DOWNTOWN PHOENIX ! ! The Hilton Apartments offer a mix of contemporary efficiency and one bedroom rentals- which is in demographic alignment with this downtown sub-market. Gated access to the property opens into a lush tropical courtyard through which tenants enter their units. The building is block constructed with copper water lines and received a new roof in 2009. Community amenities include a deluxe grilling station, restricted access, and on-site laundry facilities. Units are individually metered for gas and electricity and offer ceiling fans, colonial picture windows and steel-frame security doors. Most units have been nicely upgraded allowing for rent growth. With the ASU downtown campus and the Metro Light Rail a couple blocks away the property stays fully occupied.
Last Agent to Sell the Property
Scott Trevey
REI Marketing License #SA539099000 Listed on: 08/29/2014
Last Buyer's Agent
Mary Patry
Patry Commercial Real Estate License #BR641455000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,253
Year Built
- Built in 1954
Home Design
- Composition Roof
- Block Exterior
Flooring
- Wood
- Concrete
- Ceramic Tile
- Vinyl
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
- On-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Window Unit Heating System
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer
- Tax Lot 11
- Assessor Parcel Number 111-40-079
Community Details
Overview
- 24 Units
- Building Dimensions are 100' x 140'
- Central City Neighborhood Subdivision
Amenities
- Community Barbecue Grill
Building Details
- Operating Expense $57,637
- Gross Income $160,284
- Net Operating Income $103,157
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 16, 2019
Sold by
Pt Real Estate Llc
Bought by
The Phoenix Theatre Company
Purchase Details
Listed on
Aug 29, 2014
Closed on
Jan 16, 2015
Sold by
Phoenix Theatre
Bought by
Pt Real Estate Llc
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Mary Patry
Patry Commercial Real Estate
List Price
$1,589,000
Sold Price
$1,500,000
Premium/Discount to List
-$89,000
-5.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$1,016,250
Interest Rate
4.1%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Aug 29, 2014
Closed on
Nov 20, 2014
Sold by
Myers Mary E
Bought by
Phoenix Theatre
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Mary Patry
Patry Commercial Real Estate
List Price
$1,589,000
Sold Price
$1,500,000
Premium/Discount to List
-$89,000
-5.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,016,250
Interest Rate
4.1%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 26, 2009
Sold by
2Nd Avenue Holdings Llc
Bought by
Myers Mary E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.99%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 2, 2008
Sold by
Rl Chapman Properties Phx3 Llc
Bought by
2Nd Avenue Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,490,000
Interest Rate
6.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 17, 2002
Sold by
40Th Street Partners Ltd
Bought by
Rlchapman Properties Phx3 Llc
Purchase Details
Closed on
Sep 16, 1998
Sold by
Biastoch Magdalena
Bought by
40Th Street Partners Ltd
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Special Warranty Deed | $1,500,000 | American Title Svc Agency Ll | |
| Warranty Deed | $970,000 | Magnus Title Agency | |
| Special Warranty Deed | $1,988,000 | Old Republic Title Agency | |
| Special Warranty Deed | $850,000 | Capital Title Agency Inc | |
| Warranty Deed | $830,000 | First American Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,100,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $1,016,250 | Seller Take Back | |
| Previous Owner | $145,000 | Commercial | |
| Previous Owner | $500,000 | Commercial | |
| Previous Owner | $240,000 | Seller Take Back | |
| Previous Owner | $130,000 | Commercial | |
| Previous Owner | $1,490,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | Price Changed | $4,930,000 | +5.1% | -- |
| 03/26/2025 03/26/25 | Price Changed | $4,690,000 | -2.1% | -- |
| 02/20/2025 02/20/25 | Price Changed | $4,790,000 | -2.8% | -- |
| 10/09/2024 10/09/24 | For Sale | $4,930,000 | +228.7% | -- |
| 11/21/2014 11/21/14 | Sold | $1,500,000 | -5.6% | $1,613 / Sq Ft |
| 09/18/2014 09/18/14 | Pending | -- | -- | -- |
| 08/29/2014 08/29/14 | For Sale | $1,589,000 | -- | $1,709 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | -- | $129,892 | -- | -- |
| 2024 | -- | $123,707 | -- | -- |
| 2023 | $0 | $162,375 | $101,130 | $61,245 |
| 2022 | $0 | $127,215 | $71,010 | $56,205 |
| 2021 | $0 | $125,565 | $71,010 | $54,555 |
| 2020 | $0 | $155,880 | $31,170 | $124,710 |
| 2019 | $0 | $96,000 | $19,200 | $76,800 |
| 2018 | $10,897 | $118,022 | $63,151 | $54,871 |
| 2017 | $10,643 | $163,775 | $32,752 | $131,023 |
| 2016 | -- | $65,660 | $13,130 | $52,530 |
| 2015 | $9,566 | $54,000 | $10,800 | $43,200 |
Source: Public Records
Agents Affiliated with this Home
-
Donald Peper
-
S
Seller's Agent in 2014
Scott Trevey
REI Marketing
-
M
Buyer's Agent in 2014
Mary Patry
Patry Commercial Real Estate
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5169940
APN: 111-40-079
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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