NOT LISTED FOR SALE

902 E Southern Ave Phoenix, AZ 85040

South Mountain Neighborhood
10 Beds
6 Baths
1,176 Sq Ft
1963 Built

Last Sold July 07, 2014

Last sale price $250,000 $213 Per Sq Ft

149 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of July 2014

Dont's miss this opportunity to purchase a fully rehabbed complex with four 2/1, and two 1/1. The complex was completely rehabbed with new exterior and interior paint, roofing replaced and repaired, newer electrical, etc. You simply cannot find this kind of commercial, multi-family deal in the current Phoenix Market.

Last Agent to Sell the Property

Terry Kass

Coldwell Banker Commercial Realty License #BR503783000 Listed on: 01/13/2014

Coldwell Banker Commercial Realty

Last Buyer's Agent

Elizabeth Yashar

Weichert, Realtors - Courtney Valleywide License #SA112345000

Weichert, Realtors - Courtney Valleywide

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $715

Year Built

  • Built in 1963

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 113-58-010

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are .41 Acres

Building Details

  • Operating Expense $13,815
  • Gross Income $34,158
  • Net Operating Income $20,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$715

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Southern Ave and 9th Street
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2400.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: 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

Fee Information

  • Annual Water Sewer Expense: 4000.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: .41 Acres
  • Additional Parcels: No
  • Parcel #: 113-58-010

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 6
  • Annual Gross Income: 34157.76
  • Insurance Expense: 1200.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 20343.0
  • Annual Operating Expense: 13815.1
  • Vacancy Allowance Rate: 0.08

Tax Info

  • Tax Annual Amount: 715.1
  • Tax Book Number: 113.00
  • Tax Lot: 10
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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
07/07/2014 07/07/14 Sold $250,000 -12.0% $213 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
01/13/2014 01/13/14 For Sale $284,000 -- $241 / 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 $1,443 $9,569 -- --
2024 $1,366 $9,113 -- --
2023 $1,366 $49,500 $9,900 $39,600
2022 $1,338 $33,660 $6,730 $26,930
2021 $1,366 $27,870 $5,570 $22,300
2020 $1,349 $24,010 $4,800 $19,210
2019 $1,305 $22,570 $4,510 $18,060
2018 $1,270 $16,570 $3,310 $13,260
2017 $1,210 $14,180 $2,830 $11,350
2016 $1,151 $12,010 $2,400 $9,610
2015 $1,084 $9,730 $1,940 $7,790
Source: Public Records

Agents Affiliated with this Home

  • Terry Kass

    Seller's Agent in 2014

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    21 Total Sales

    Terry Kass
    Section Image
  • Elizabeth Yashar

    Buyer's Agent in 2014

    Elizabeth Yashar

    Weichert, Realtors - Courtney Valleywide

    (480) 584-2869

    3 in this area

    43 Total Sales

    Elizabeth Yashar
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5055375

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85040 South Mountain

902 E Southern 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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