$1,768,000
SOLD OCT 31, 2024

921 E Weldon Ave Phoenix, AZ 85014

-- Bed
-- Bath
2,559 Sq Ft
7,579 Sq Ft Lot

Recently Sold

$691 Per Sq Ft

7% Below List Price

16 Days on Market

Highlights

  • 11 Car Attached Garage
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

As of October 2024

This small complex is very appealing! The 2 triplexes built in 1981 are newer than most buildings in the area. The apartments are more spacious than many. The 1920's home is a 1 bedroom + den. There is also a studio cottage. Total square footage combined is 6388 and is well priced at $297.43 per sq. foot. Price per door is $237,500. There are 8 covered parking spaces & 3 uncovered spots. Each apartment has its own private rear yard & storage room with washer/dryer hook-ups. Grounds are peaceful and green. Tenants tend to stay. Roofs new in 2022. Well located adjacent to uptown and midtown, 921, 925 and 929 E. Weldon Ave. together make up this unique 8 unit complex which must be sold together. Residential financing may be available. 1031 exchange buyers welcome. Great upside potential!

Last Agent to Sell the Property

Selena McCollum

Spotlight Realty, LLC License #BR040479000 Listed on: 09/24/2024

Last Buyer's Agent

Carol Gilbert

HomeSmart License #BR007533000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,018

Year Built

  • Built in 1981

Lot Details

  • Property fronts an alley
  • Additional Parcels

Home Design

  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 11 Car Attached Garage
  • 3 Open Parking Spaces
  • Common or Shared Parking

Schools

  • Longfellow Elementary School
  • Osborn Middle School
  • North High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 4
  • Assessor Parcel Number 118-18-004-A

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • La Punta Subdivision

Building Details

  • Operating Expense $35,018
  • Gross Income $117,855
  • Net Operating Income $82,837

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,018

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: 7th Street and Indian School
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Each parcel R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2024
  • Directions: From 7th Street, south of Indian School go east on Weldon. Located on the right just before the street goes to the left. The complex consists of 921, 925 & 929 E. Weldon Ave.
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Professional Management Expense: 12000.0
  • Subdivision Name: LA PUNTA
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: Other (See Remarks), F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: See Remarks, Painted, Stucco
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Add'l Parking Avail, Attached, >1 Space Per Unit, Common
  • Attached Garage: Yes
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Attached: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 7400.0

Schools

  • Elementary School: Longfellow Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Osborn Middle School

Lot Info

  • Lot Size: see Remarks
  • Additional Parcels: Yes
  • Parcel #: 118-18-004-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 8
  • Annual Gross Income: 117855.0
  • Insurance Expense: 5400.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 82837.0
  • Annual Operating Expense: 35018.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 4018.0
  • Tax Book Number: 118.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Oct 28, 2024
Sold by
Hamilton Seven Limited Partnership and Hamilton Seven Limited Liability Partner
Bought by
Heather Mcdonald Denny Living Trust and Brian Mcdonald Living Trust
Seller's Agent
Selena McCollum
Spotlight Realty, LLC
Buyer's Agent
Carol Gilbert
HomeSmart
List Price
$1,900,000
Sold Price
$1,768,000
Premium/Discount to List
-$132,000
-6.95%
Total Days on Market
16
Views
5
Current Estimated Value
$694,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,073,502
Avg. Annual Appreciation
-77.85%
Original Mortgage
$285,500
Outstanding Balance
$284,089
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$410,409
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $659,000 Lawyers Title Of Arizona
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $285,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,768,000 -6.9% $691 / Sq Ft
09/24/2024 09/24/24 For Sale $1,900,000 -- $742 / 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 $1,689 $13,460 -- --
2024 -- $12,819 -- --
2023 -- -- -- --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6761622

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-18-004A