NOT LISTED FOR SALE

9658 N 1st Ave Phoenix, AZ 85021

North Central Neighborhood
20 Beds
12 Baths
1,450 Sq Ft
1973 Built

Last Sold April 05, 2018

Last sale price $887,500 $612 Per Sq Ft

3 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Sunnyslope High School Rated A

About This Home

As of April 2018

LOCATION LOCATION LOCATION! 12 Unit apartment building located at the top of Central Avenue. Great views from every angle, easy access to freeways, entertainment, and the thriving restaurant seen on 7th Street. Block construction building with low maintenance desert landscaping. With 4 - 1 bedroom 1 bath units and 8 - 2 bedroom 1 bath units, this complex has been maintained under the same owner since 1996. Current rental rates are below market for the area giving a new owner a great opportunity to increase their income. This Central Phoenix gem is a must have for any investor! Sale does include parcels 159-49-002 and 159-54-003B

Last Agent to Sell the Property

Kelly Utsler

Villas West License #SA674213000 Listed on: 03/23/2018

Villas West

Last Buyer's Agent

Andrew Tate

Keller Williams Arizona Realty License #BR038343000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,055

Year Built

  • Built in 1973

Lot Details

  • Additional Parcels

Home Design

  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 1
  • Assessor Parcel Number 159-49-001

Community Details

Overview

  • 12 Units
  • Building Dimensions are 103,075 sq. ft
  • North Central Heights A Blks 1 6 And North Central Heights A Blks 7 13 Subdivision

Building Details

  • Operating Expense $27,515
  • Gross Income $90,778
  • Net Operating Income $62,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,055

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Central and Mountain View
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1973
  • Tax Year: 2017
  • Directions: Going North on Central just north of Hatcher the property will be on the West side of the street. follow the round about to the left and property is on the corner.
  • Road Surface Type: Asphalt
  • Subdivision Name: NORTH CENTRAL HEIGHTS A BLKS 1-6 AND NORTH CENTRAL HEIGHTS A BLKS 7-13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, 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: Painted, Stucco, Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 2316.0
  • Annual Water Sewer Expense: 3300.0

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 103,075 sq. ft
  • Additional Parcels: Yes
  • Parcel #: 159-49-001

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 3384.0
  • Annual Gross Income: 90777.6
  • Insurance Expense: 3180.0
  • Maintenance Expense: 10200.0
  • Property Net Operating Income: 62990.08
  • Annual Operating Expense: 27514.94
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 3054.62
  • Tax Block: 1
  • Tax Book Number: 159.00
  • Tax Lot: 1

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 List to Sale Price per Sq Ft
04/05/2018 04/05/18 Sold $887,500 -1.3% $612 / Sq Ft
03/23/2018 03/23/18 For Sale $899,000 -- $620 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kelly Utsler

    Seller's Agent in 2018

    Kelly Utsler

    Villas West

    (602) 516-9169

    32 Total Sales

    Kelly Utsler
    Section Image
  • Andrew Tate

    Buyer's Agent in 2018

    Andrew Tate

    Keller Williams Arizona Realty

    (480) 203-7498

    9 Total Sales

    Andrew Tate
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5741146

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85020 North Central

9658 N 1st Ave, Phoenix, AZ

This home is located at 9658 N 1st Ave, Phoenix, AZ 85021 since 23 March 2018. This property was built in 1973. 9658 N 1st Ave is a home located in Maricopa County with nearby schools including Mountain View Elementary School, Sunnyslope High School, and Bennett Academy – Venture Site.

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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