NOT LISTED FOR SALE

928 W Mcdowell Rd Phoenix, AZ 85007

Encanto-Palmcroft Neighborhood

Estimated Value: $867,000 - $1,275,216

8 Beds
-- Bath
2,708 Sq Ft
$398/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $1,300,000 $480 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $5,762/month

8 Days on Market

Highlights

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

About This Home

As of May 2022

This fully-renovated 4-unit apartment complex located in Midtown Phoenix is set to be a great investment for years to come. Consisting of 2-bedroom/1-bathroom units, each unit has it's own interior laundry as well as private backyard. The property has been rewired and has all new electrical panels and meters. The roof was resealed within the last year, and the property has upgraded plumbing. This property boasts a wonderful courtyard with low-maintenance landscaping. Located near a plethora of popular dining and shopping areas anywhere from Uptown Phoenix to Downtown Phoenix, occupants are in the perfect location to enjoy all that Phoenix has to offer!

Last Agent to Sell the Property

Tyler Bruggman

ABI Multifamily License #SA660047000 Listed on: 03/24/2022

Last Buyer's Agent

Sandra Reece

Good Oak Real Estate License #SA624013000

Good Oak Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,571

Year Built

  • Built in 1940

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 15
  • Assessor Parcel Number 111-09-015

Community Details

Overview

  • 4 Units
  • Building Dimensions are Unknown
  • Palmcroft Subdivision

Building Details

  • Operating Expense $1,571
  • Gross Income $74,496
  • Net Operating Income $59,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,571

Year Built

Built in 1940

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 7th Avenue and McDowell Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1940
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: Palmcroft
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • 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 Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: Unknown
  • Additional Parcels: No
  • Parcel #: 111-09-015

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 74496.0
  • Property Net Operating Income: 59485.0
  • Annual Operating Expense: 1571.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1571.0
  • Tax Book Number: 111.00
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 26, 2022
Sold by
Ladowicz Tadeusz and Butler Margaret
Bought by
Mcd7 Llc
Seller's Agent
Tyler Bruggman
ABI Multifamily
Buyer's Agent
Sandra Reece
Good Oak Real Estate
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Current Estimated Value
$1,079,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$220,946
Avg. Annual Appreciation
-4.70%

Purchase Details

Listed on
Oct 22, 2020
Closed on
Feb 23, 2021
Sold by
Ladowicz Tad and Butler Margaret
Bought by
Mcdow928 Llc
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Chad Schreiner
RMA-Mountain Properties
List Price
$600,000
Sold Price
$639,000
Premium/Discount to List
$39,000
6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.90%

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 29, 2020
Sold by
Joseph Stewart
Bought by
Ladowicz Tad and Butler Margaret
Seller's Agent
James Stephens
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Chad Schreiner
RMA-Mountain Properties
List Price
$600,000
Sold Price
$639,000
Premium/Discount to List
$39,000
6.5%
Source: Public Records
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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
Mcd7 Llc $1,300,000 First American Title
Ladowicz Tadeusz -- First American Title
Mcd7 Llc $1,300,000 First American Title
Ladowicz Tadeusz -- First American Title
Mcdow928 Llc -- None Available
Mcdow928 Llc -- None Available
Ladowicz Tad $639,000 Wfg National Title Ins Co
Ladowicz Tad $639,000 Wfg National Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2022 05/02/22 Sold $1,300,000 -1.9% $480 / Sq Ft
03/24/2022 03/24/22 For Sale $1,325,000 +107.4% $489 / Sq Ft
12/30/2020 12/30/20 Sold $639,000 -3.9% $236 / Sq Ft View Prior Sale
12/11/2020 12/11/20 Pending -- -- --
11/19/2020 11/19/20 Price Changed $665,000 -11.3% $246 / Sq Ft
10/26/2020 10/26/20 Price Changed $750,000 +15.4% $277 / Sq Ft
10/23/2020 10/23/20 Price Changed $650,000 +8.3% $240 / Sq Ft
10/22/2020 10/22/20 For Sale $600,000 -- $222 / 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 $1,761 $12,396 -- --
2024 $1,642 $11,805 -- --
2023 $1,642 $60,120 $12,020 $48,100
2022 $1,583 $42,470 $8,490 $33,980
2021 $1,571 $38,700 $7,740 $30,960
2020 $1,589 $35,780 $7,150 $28,630
2019 $1,587 $24,680 $4,930 $19,750
2018 $1,560 $18,670 $3,730 $14,940
2017 $1,524 $17,210 $3,440 $13,770
2016 $1,480 $13,980 $2,790 $11,190
2015 $1,369 $11,220 $2,240 $8,980
Source: Public Records

Agents Affiliated with this Home

  • Tyler Bruggman

    Seller's Agent in 2022

    Tyler Bruggman

    ABI Multifamily

    (480) 353-6234

    1 in this area

    18 Total Sales

    Tyler Bruggman
    Section Image
  • Sandra Reece

    Buyer's Agent in 2022

    Sandra Reece

    Good Oak Real Estate

    (602) 451-2362

    1 in this area

    13 Total Sales

    Sandra Reece
    Section Image

  • J

    Seller's Agent in 2020

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    51 Total Sales

    James Stephens
    Section Image
  • Chad Schreiner

    Buyer's Agent in 2020

    Chad Schreiner

    RE/MAX

    (480) 489-0491

    142 Total Sales

    Chad Schreiner
    Section Image
  • Courtney Hoover

    Buyer Co-Listing Agent in 2020

    Courtney Hoover

    Compass

    (480) 818-3720

    64 Total Sales

    Courtney Hoover
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6373630

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-09-015

Arizona Maricopa County Phoenix 85007 Encanto-Palmcroft

928 W Mcdowell Rd, 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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