NOT LISTED FOR SALE

8801 N 1st St Phoenix, AZ 85020

North Central Neighborhood
12 Beds
6 Baths
600 Sq Ft
1971 Built

Last Sold January 02, 2017

Last sale price $310,000 $517 Per Sq Ft

8 Days on Market

Highlights

  • Central Air
  • Sunnyslope High School Rated A
  • Heating Available

About This Home

As of January 2017

WOW!!! Fully rented 6 plex in the heart of Phoenix, and seller is motivated!!! All two bedroom one bath units all rented from 550-575 a month. Almost a 10% cap on proforma if self managed. Nice clean location makes this a steal in this market. All facts and information are approximate buyer verify MLS info. Drive by only!!!

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 11/28/2016

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Chad Barber

Fenix CRE License #BR646108000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,804

Year Built

  • Built in 1971

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Covered Spaces

Schools

  • Desert View Elementary School
  • Sunnyslope Elementary High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 160-50-137-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $13,608
  • Gross Income $41,610
  • Net Operating Income $29,806

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,804

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Cross Street: Central Ave & Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 2
  • Year Built: 1971
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 6.0
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 2500.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope Elementary School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 160-50-137-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 1000.0
  • Annual Gross Income: 41610.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 29806.0
  • Annual Operating Expense: 13608.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1804.0
  • Tax Book Number: 160.00
  • Tax Lot: 21

Range of Values:

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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 Change Sq Ft Price
01/02/2017 01/02/17 Sold $310,000 +3.4% $517 / Sq Ft
11/27/2016 11/27/16 For Sale $299,900 -- $500 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2017

    Sophia Baron

    Grace CRE

    (480) 375-0227

    1 in this area

    86 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • Chad Barber

    Buyer's Agent in 2017

    Chad Barber

    Fenix CRE

    (602) 332-1768

    2 in this area

    16 Total Sales

    Chad Barber
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5529679

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

8801 N 1st St, Phoenix, AZ

This home is located at 8801 N 1st St, Phoenix, AZ 85020 since 28 November 2016. This property was built in 1971. 8801 N 1st St is a home located in Maricopa County with nearby schools including Desert View Elementary School, Royal Palm Middle School, and Sunnyslope High School.

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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