NOT LISTED FOR SALE

8912 N 3rd St Phoenix, AZ 85020

North Central Neighborhood
6 Beds
4 Baths
880 Sq Ft
1945 Built

Last Sold January 26, 2024

Last sale price $632,500 $719 Per Sq Ft

22 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • 2-minute walk to Palma Park
  • Sunnyslope High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of January 2024

5 unit property in great location. Great opportunity to add value. All month to month leases. Cash flowing property with lots of potential in a great location. Property for sale as a 5 unit or as a 10 unit including property adjacent. Do not disturb tenants.

Last Agent to Sell the Property

Edson Salas

ES Realty License #BR578194000 Listed on: 12/14/2023

Last Buyer's Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,366

Year Built

  • Built in 1945

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Desert View Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 18 / D
  • Assessor Parcel Number 160-50-085

Community Details

Overview

  • 5 Units
  • Building Dimensions are 100x125
  • Sunnyslope Subdivision

Building Details

  • Operating Expense $13,054
  • Gross Income $46,056
  • Net Operating Income $76,653

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,366

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Central and Dunlap
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MF
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: SUNNYSLOPE
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0

Utilities

  • Electric: APS
  • Cooling: Other, Window/Wall Unit
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 610.0
  • Annual Water Sewer Expense: 6674.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: 100x125
  • Additional Parcels: No
  • Parcel #: 160-50-085

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Electric Expense: 1380.0
  • Annual Gross Income: 46056.0
  • Insurance Expense: 1171.0
  • Property Net Operating Income: 76653.0
  • Annual Operating Expense: 13054.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1366.0
  • Tax Block: D
  • Tax Book Number: 160.00
  • Tax Lot: 18
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $632,500 -9.6% $719 / Sq Ft
12/14/2023 12/14/23 For Sale $700,000 -- $795 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,445 $11,374 -- --
2024 $1,366 $10,832 -- --
2023 $1,366 $51,190 $5,680 $45,510
2022 $1,321 $34,830 $3,870 $30,960
2021 $1,338 $28,320 $3,140 $25,180
2020 $1,305 $24,320 $2,700 $21,620
2019 $1,281 $22,110 $2,450 $19,660
2018 $1,248 $16,650 $1,850 $14,800
2017 $1,241 $13,780 $1,530 $12,250
2016 $1,219 $12,370 $1,370 $11,000
2015 $1,129 $10,920 $1,210 $9,710
Source: Public Records

Agents Affiliated with this Home

  • Edson Salas

    Seller's Agent in 2024

    Edson Salas

    ES Realty

    (602) 319-0985

    4 in this area

    77 Total Sales

    Edson Salas
    Section Image
  • Hudson Robison

    Buyer's Agent in 2024

    Hudson Robison

    The Broker Reserve LLC

    (480) 313-3234

    3 in this area

    56 Total Sales

    Hudson Robison
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6640477

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

8912 N 3rd St, 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

Nearby Homes