NOT LISTED FOR SALE
12 Beds
6 Baths
4,680 Sq Ft
1.14 Acres

Last Sold September 30, 2021

Last sale price $960,000 $205 Per Sq Ft

114 Days on Market

Highlights

  • RV or Boat Parking
  • Wood Flooring
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A

About This Home

As of September 2021

Fantastic income generating opportunity in a great location. There are 7 units in this complex -- five 2/1's and two 1/1's. Most of have been recently remodeled with new roofs, new flooring, new kitchens, new baths, new AC, new siding, new paint, etc. There is also a manufactured home associated with one of the units that adds another 1/2 bath and studio on top of the 7 units. Rents are due to be raised in all of the units. A list of capital improvements can be found in the documents section.

Last Agent to Sell the Property

Jeff Hale

My Home Group Real Estate License #SA644476000 Listed on: 03/15/2021

My Home Group Real Estate

Co-Listed By

Craig Allen

My Home Group Real Estate License #SA585444000

Last Buyer's Agent

Sarah Olinger

Arizona Elite Properties License #SA650252000

Arizona Elite Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,502

Year Built

  • Built in 1946

Lot Details

  • 1.14

Home Design

  • Steel Frame
  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 9 Parking Spaces
  • Carport
  • RV or Boat Parking

Schools

  • Bernard Black Elementary School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection
  • Tax Lot 13
  • Assessor Parcel Number 300-79-017-C

Community Details

Overview

  • 9 Buildings
  • 7 Units
  • Building Dimensions are 215x215
  • Las Lomas Subdivision

Building Details

  • Operating Expense $14,737
  • Gross Income $5,889
  • Net Operating Income $70,668

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,502

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: 27th Ave & Dobbins
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-43
  • Number Of Buildings: 9
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2020
  • Directions: South on 27th Ave to the property on the right.
  • Road Surface Type: Gravel, Dirt, Private Street, Concrete, Sidewalk(s)
  • Co List Office Mls Id: turf001
  • Co List Office Phone: 602-888-1000
  • Subdivision Name: LAS LOMAS
  • Tax Parcel Letter: C
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood, Concrete
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Steel Frame, Wood Frame, Siding, Painted, Block
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Steel Frame: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Other, RV/Access Parking, Add'l Parking Avail, Carport
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 9.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 9.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Trash Expense: 3639.0
  • Annual Water Sewer Expense: 2970.0

Schools

  • Elementary School: Bernard Black Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Bernard Black Elementary School

Lot Info

  • Lot Size: 215x215
  • Additional Parcels: No
  • Parcel #: 300-79-017-C

Multi Family

  • Owner Pays: Trash Collection
  • Number Of Units Total: 7
  • Electric Expense: 200.0
  • Annual Gross Income: 5889.0
  • Insurance Expense: 2600.0
  • Property Net Operating Income: 70668.0
  • Annual Operating Expense: 14737.0

Tax Info

  • Tax Annual Amount: 3502.0
  • Tax Book Number: 300.00
  • Tax Lot: 13

Range of Values:

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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 Change Sq Ft Price
09/30/2021 09/30/21 Sold $960,000 -2.0% $205 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/29/2021 06/29/21 Price Changed $980,000 -2.0% $209 / Sq Ft
05/25/2021 05/25/21 Price Changed $1,000,000 -4.8% $214 / Sq Ft
04/28/2021 04/28/21 Price Changed $1,050,000 -4.1% $224 / Sq Ft
04/13/2021 04/13/21 Price Changed $1,095,000 -4.8% $234 / Sq Ft
03/29/2021 03/29/21 Price Changed $1,150,000 -3.8% $246 / Sq Ft
03/15/2021 03/15/21 For Sale $1,195,000 +397.9% $255 / Sq Ft
09/12/2016 09/12/16 Sold $240,000 -9.4% $51 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
08/12/2016 08/12/16 Price Changed $264,900 -11.4% $57 / Sq Ft
07/08/2016 07/08/16 For Sale $299,000 -- $64 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6207630

Arizona Regional Multiple Listing Service (ARMLS)