NOT LISTED FOR SALE

9648 N 12th Ave Phoenix, AZ 85021

North Mountain Village Neighborhood
1 Bed
1 Bath
580 Sq Ft
1987 Built

Last Sold October 20, 2020

Last sale price $610,000 $1,052 Per Sq Ft

10 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Heating Available
  • Sunnyslope High School Rated A

About This Home

As of October 2020

This 8 unit complex is 2 stories and has 4 one bedroom units and 4 studios. 100% occupied with long time tenants. This listing includes 2 parcels. The BONUS parcel #158-33-121, about 5,525 SqFt. Has potential to increase income amount with laundromat. With the rents raising in Metro PHX, current rental rates could be considered below the current market.

Last Agent to Sell the Property

Fred Weaver IV

eXp Realty License #SA554039000 Listed on: 08/12/2020

Co-Listed By

Mirka Pipova

My Home Group Real Estate License #SA676714000

Last Buyer's Agent

Lauren Hensley

My Home Group Real Estate License #SA673837000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,080

Year Built

  • Built in 1987

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • On-Street Parking

Schools

  • Alta Vista Elementary School
  • Cholla Middle School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 13
  • Assessor Parcel Number 158-33-120

Community Details

Overview

  • 8 Units
  • Building Dimensions are 0.114
  • Foothill Lots Subdivision

Building Details

  • Operating Expense $8,100
  • Gross Income $49,305
  • Net Operating Income $38,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,080

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: N 12TH AVE & W MOUNTAIN VIEW RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R-4] Multi-Fam
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1987
  • Tax Year: 2019
  • Road Surface Type: Gravel, Asphalt
  • Co List Office Mls Id: xpre16
  • Co List Office Phone: 888-897-7821
  • Subdivision Name: FOOTHILL LOTS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Fee, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric
  • 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

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 1920.0
  • Parking Fee: Yes

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Cholla Middle School

Lot Info

  • Lot Size: 0.114
  • Additional Parcels: Yes
  • Parcel #: 158-33-120

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 8
  • Annual Gross Income: 49305.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 38924.74
  • Annual Operating Expense: 8100.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1080.0
  • Tax Book Number: 158.00
  • Tax Lot: 13

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2020 10/20/20 Sold $610,000 -11.5% $1,052 / Sq Ft
09/07/2020 09/07/20 For Sale $689,000 0.0% $1,188 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $689,000 -- $1,188 / 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 $1,219 $9,591 -- --
2024 $1,152 $9,134 -- --
2023 $1,152 $51,560 $5,450 $46,110
2022 $1,114 $36,100 $3,810 $32,290
2021 $1,128 $29,940 $3,160 $26,780
2020 $1,100 $26,530 $2,800 $23,730
2019 $1,080 $21,440 $2,260 $19,180
2018 $1,052 $18,000 $1,900 $16,100
2017 $1,047 $15,200 $1,600 $13,600
2016 $1,028 $14,380 $1,520 $12,860
2015 $952 $11,880 $1,250 $10,630
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2020

    Fred Weaver IV

    eXp Realty

  • Mirka Pipova

    Seller Co-Listing Agent in 2020

    Mirka Pipova

    My Home Group

    (480) 518-5704

    11 Total Sales

    Mirka Pipova
    Section Image
  • Lauren Hensley

    Buyer's Agent in 2020

    Lauren Hensley

    My Home Group Real Estate

    (480) 818-7970

    39 Total Sales

    Lauren Hensley
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6116215

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85021 North Mountain Village

9648 N 12th Ave, 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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