NOT LISTED FOR SALE
2 Beds
2 Baths
5,873 Sq Ft
0.31 Acres

Last Sold February 13, 2017

Last sale price $651,000 $111 Per Sq Ft

135 Days on Market

Highlights

  • Cooling Available
  • Heat Pump System
  • 3-minute walk to Norton Park
  • Sunnyslope High School Rated A

About This Home

As of February 2017

Solid 7-unit property in a great North Central location. 6 2 bed/1.5 bath, 2-story townhome style units with backyard/patio. A 2 bed/1bath SFR with a large front yard, great for owner or management. Property has been repositioned over the last 2 years with new exterior & interior paint. New flooring and interior updating. Easy access to Downtown Phx, Central & Camelback corridor. Convenient to hiking, restaurants, and public transportation. Coin operated laundry for additional income and tenant convenience. Strong tenant interest in the surrounding area evident from the increasing rental markets and the new construction. Great opportunity with this low maintenance property.

Last Agent to Sell the Property

Dave Fernandez

DeLex Realty License #BR043628000 Listed on: 08/15/2016

DeLex Realty

Last Buyer's Agent

Jeff Seaman

CBRE, Inc License #SA551921000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,154

Year Built

  • Built in 1987

Lot Details

  • 0.31

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 14 Open Parking Spaces
  • 14 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 159-34-153

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are 13,721

Building Details

  • Operating Expense $16,362
  • Gross Income $70,472
  • Net Operating Income $49,038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,154

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: HATCHER & 12TH ST
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1987
  • Tax Year: 2015
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4620.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 14.0
  • Total Parking Spaces: 14.0
  • General Property Description:Uncvrd Parking Spcs: 14.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • 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

Lot Info

  • Lot Size: 13,721
  • Additional Parcels: No
  • Parcel #: 159-34-153

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 7
  • Electric Expense: 3300.0
  • Annual Gross Income: 70471.8
  • Insurance Expense: 2160.0
  • Maintenance Expense: 4128.0
  • Property Net Operating Income: 49038.0
  • Annual Operating Expense: 16362.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 2154.0
  • Tax Book Number: 159.00
  • Tax Lot: 0
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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 Prior Sale
02/13/2017 02/13/17 Sold $651,000 +3.3% $111 / Sq Ft
12/28/2016 12/28/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $630,000 0.0% $107 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $630,000 +115.8% $107 / Sq Ft
08/26/2014 08/26/14 Sold $292,000 -7.3% $50 / Sq Ft View Prior Sale
06/30/2014 06/30/14 Pending -- -- --
02/22/2014 02/22/14 For Sale $315,000 -- $54 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,758 $21,704 -- --
2024 $2,606 $20,671 -- --
2023 $2,606 $90,950 $18,190 $72,760
2022 $2,521 $63,230 $12,640 $50,590
2021 $2,554 $51,950 $10,390 $41,560
2020 $2,490 $46,120 $9,220 $36,900
2019 $2,445 $40,670 $8,130 $32,540
2018 $2,381 $34,380 $6,870 $27,510
2017 $2,368 $26,370 $5,270 $21,100
2016 $2,325 $25,230 $5,040 $20,190
2015 $2,154 $21,110 $4,220 $16,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5484325

Arizona Regional Multiple Listing Service (ARMLS)
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