$1,680,000

Estimated payment $9,511/month

Total Views 4,312
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Multiple Heating Units
  • Phoenix Coding Academy Rated A

About This Home

Wonderful Opportunity! Multi Family Dwelling which includes Three Buildings with Two Units Per Building for a Total of Six Units. Each Unit is approximately 1200 Sq Ft and comes with 2 Bedrooms / 2 Bathrooms. Exterior Building was painted in June of 2023 and Interior of Units have new paint also. Property also includes 4 newer AC Units and the other two are approximately 10 Years of age. Roof was replaced with 40 Year Shingles 5 Years Ago. Property also includes a very spacious parking area for Tenants and Guest. Parcels # 121-76-050-B and 121-76-050-C are being sold together. Both Lots have their own lot dimensions per plat records. Prime Location: Enjoy the convenience of urban living with close proximity to downtown Phoenix, trendy restaurants, shopping centers, parks, & major freeways

Listing Agent

Christopher Sicz

Kristopher Realty License #BR640107000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Schools

  • Creighton Elementary School
  • Gateway Middle School
  • Camelback High School

Utilities

  • Multiple cooling system units
  • Multiple Heating Units

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tax Lot 119
  • Assessor Parcel Number 121-76-050-C

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 124x133
  • Del Rey Lots 101 140 Subdivision

Building Details

  • Operating Expense $9,805
  • Gross Income $98,400
  • Net Operating Income $85,332

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 24th St and Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi-Family
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2022
  • Directions: 202 to 24th Street, South to Roosevelt, East to 27th Place. Property is located on the NW Corner of 27th Place and Roosevelt.
  • Road Surface Type: Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: DEL REY LOTS 101-140
  • Tax Parcel Letter: C
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Refrigerator, Microwave, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0

Utilities

  • Electric: APS, City Electric, Individual Meter
  • Cooling: Electric, 2 or More Units
  • Heating: 2 or More Units, 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

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes
  • Exterior Amenities:TV Antenna: Yes

Fee Information

  • Trash Expense: 2400.0
  • Annual Water Sewer Expense: 4800.0

Schools

  • Elementary School: Creighton Elementary School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Gateway School

Lot Info

  • Lot Size: 124x133
  • Additional Parcels: Yes
  • Parcel #: 121-76-050-C

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 98400.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 85332.0
  • Annual Operating Expense: 9805.0

Tax Info

  • Tax Annual Amount: 1605.0
  • Tax Book Number: 121.00
  • Tax Lot: 119

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,690 $12,999 -- --
2024 $1,670 $12,380 -- --
2023 $1,670 $57,490 $8,320 $49,170
2022 $1,605 $41,460 $6,000 $35,460
2021 $1,644 $33,800 $4,890 $28,910
2020 $1,604 $29,120 $4,210 $24,910
2019 $1,593 $24,090 $3,480 $20,610
2018 $1,560 $21,740 $3,140 $18,600
2017 $1,500 $19,200 $2,780 $16,420
2016 $1,442 $15,800 $2,280 $13,520
2015 $1,341 $12,590 $1,820 $10,770
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 For Sale $1,680,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Warranty Deed -- Chicago Title Insurance Co
Warranty Deed $93,150 Chicago Title Insurance Co
Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 Seller Take Back
Previous Owner $70,000 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6698244

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-76-050C