NOT LISTED FOR SALE

925 E Mckinley St Phoenix, AZ 85006

Garfield Neighborhood

Estimated Value: $935,000 - $1,020,555

-- Bed
6 Baths
450 Sq Ft
$2,173/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $853,500 $1,897 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,253/month

2 Days on Market

About This Home

As of March 2021

Beautiful Garfield historic district 6 plex come and grab a piece of Phoenix history. 100% occupied bringing in approximately $6,000 a month with 7.6% cap rate. Totally remodeled in 2006 in accordance with Phoenix Historic. Within the last year, 5 of 6 units have been updated, and most with fresh paint, new fixtures, counter tops, flooring, and appliances. Complex perfect for student housing University of Arizona Medical School less than a half mile away. When listed for rent, units only require a couple hours to be leased to qualified residents. Seller is a licensee in the state of AZ. Financials available upon request, do not disturb residents.

Last Agent to Sell the Property

Andrew LEBARON

LRA Real Estate Group, LLC License #SA689929000 Listed on: 03/03/2021

Last Buyer's Agent

Rachel Lopez

My Home Group Real Estate License #SA552513000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,572

Year Built

  • Built in 1916

Lot Details

  • 6,882

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Garfield Middle School
  • North High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 72
  • Assessor Parcel Number 116-32-112

Community Details

Overview

  • 6 Units
  • Building Dimensions are 6,875
  • Highland Addition Lots 93 102 Subdivision

Building Details

  • Operating Expense $10,252
  • Gross Income $68,400
  • Net Operating Income $64,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,572

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Cross Street: 10th st and McKinley
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [M-H] MULTI-FAM
  • Number Of Buildings: 1
  • Year Built: 1916
  • Tax Year: 2020
  • Road Surface Type: Asphalt, Alley
  • Subdivision Name: HIGHLAND ADDITION LOTS 93-102
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Security Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 3600.0

Schools

  • High School: North High School
  • Middle Or Junior School: Garfield School

Lot Info

  • Lot Size: 6,875
  • Additional Parcels: No
  • Parcel #: 116-32-112

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 6
  • Electric Expense: 480.0
  • Annual Gross Income: 68400.0
  • Insurance Expense: 4200.0
  • Property Net Operating Income: 64800.0
  • Annual Operating Expense: 10252.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1572.0
  • Tax Book Number: 116.00
  • Tax Lot: 72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
Mar 20, 2021
Sold by
Lebaron Andrew Thomas and Lebaron Chelsea Shumway
Bought by
Galpez Holdings Llc
Seller's Agent
Andrew LEBARON
LRA Real Estate Group, LLC
Buyer's Agent
Rachel Lopez
My Home Group Real Estate
List Price
$853,500
Sold Price
$853,500
Current Estimated Value
$977,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,278
Avg. Annual Appreciation
2.88%
Original Mortgage
$632,250
Outstanding Balance
$567,055
Interest Rate
2.73%
Mortgage Type
Seller Take Back
Estimated Equity
$410,723

Purchase Details

Listed on
Aug 15, 2019
Closed on
Oct 12, 2019
Sold by
Deortega Maria G Figueroa
Bought by
Lebaron Andrew Thomas and Lebaron Chelsea Shunway
Seller's Agent
Berenice Burciaga
HomeSmart
Buyer's Agent
Blaine Wright
Paramount Management & Realty, LLC
List Price
$600,000
Sold Price
$600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.73%
Original Mortgage
$540,000
Interest Rate
3.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 22, 2002
Sold by
Ortega Antonio F
Bought by
Deortega Maria G Figueroa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Galpez Holdings Llc $843,000 American Title Svc Agcy Llc
Lebaron Andrew Thomas $600,000 American Title Svc Agcy Llc
Deortega Maria G Figueroa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galpez Holdings Llc $632,250
Previous Owner Lebaron Andrew Thomas $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2021 03/25/21 Sold $853,500 0.0% $1,897 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $853,500 0.0% $1,897 / Sq Ft
08/30/2020 08/30/20 Rented $975 0.0% --
08/11/2020 08/11/20 For Rent $975 0.0% --
10/17/2019 10/17/19 Sold $600,000 0.0% $1,333 / Sq Ft View Prior Sale
09/27/2019 09/27/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $600,000 -- $1,333 / 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 $1,741 $12,259 -- --
2024 $1,623 $11,675 -- --
2023 $1,623 $69,670 $13,930 $55,740
2022 $1,566 $47,460 $9,490 $37,970
2021 $1,554 $38,860 $7,770 $31,090
2020 $1,572 $32,260 $6,450 $25,810
2019 $1,569 $25,210 $5,040 $20,170
2018 $1,543 $23,200 $4,640 $18,560
2017 $1,507 $19,850 $3,970 $15,880
2016 $1,464 $14,880 $2,970 $11,910
2015 $1,354 $12,420 $2,480 $9,940
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrew LEBARON

    LRA Real Estate Group, LLC

    Section Image

  • R

    Buyer's Agent in 2021

    Rachel Lopez

    My Home Group

    Section Image

  • B

    Seller's Agent in 2019

    Berenice Burciaga

    HomeSmart

  • Blaine Wright

    Buyer's Agent in 2019

    Blaine Wright

    Paramount Management & Realty, LLC

    (623) 695-0940

    39 Total Sales

    Blaine Wright
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6201664

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-32-112

Arizona Maricopa County Phoenix 85006 Garfield

925 E Mckinley 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

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