$890,000
SOLD OCT 31, 2024
-- Bed
-- Bath
1,436 Sq Ft
0.29 Acres

Recently Sold

$620 Per Sq Ft

9% Below List Price

117 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of October 2024

Fully stabilized & 100% occupied at a 7 CAP. Completely renovated from A-Z with strong cash flow. This charming four-unit community offers more bang for the buck. Ideally situated in the 85006 zip near Phoenix Children's Hospital & the Coronado & Garfield districts. The unit mix consists of a single-family home with 831sf that has 2 bed/2 baths, built in 1930, & a triplex built in 1958. The triplex has one 2 bed/1 bath unit that is 787sf, along with two 1 bed/1 bath units that are each 656sf. Total of 2930sf or $322/sf. Rents/extras are #1 $1868; #2 $1543; #3 $1431; & #4 $1723. Huge 12,441 sf lot. Excellent curb appeal & ample parking. Fully renovated, fully stabilized. Pride of ownership throughout.

Last Agent to Sell the Property

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Reggie Chandler

Realty ONE Group License #SA082895000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,328

Year Built

  • Built in 1958

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 117-06-079

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 12441 sf
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $10,780
  • Gross Income $77,581
  • Net Operating Income $66,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,328

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 16th & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2023
  • Directions: A few blocks south of Thomas & a few blocks east of 16th St.
  • Road Surface Type: Asphalt, Dedicated Street
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Ceramic Tile, Vinyl, Wood
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking, Assigned, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:Other (See Remarks)24: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 12441 sf
  • Additional Parcels: No
  • Parcel #: 117-06-079

Multi Family

  • Owner Pays: Other, See Remarks
  • Tenant Pays: See Remarks
  • Number Of Units Total: 4
  • Annual Gross Income: 77580.6
  • Property Net Operating Income: 66800.0
  • Annual Operating Expense: 10780.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1328.0
  • Tax Book Number: 117.00
  • Tax Lot: 49

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

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $890,000 -5.8% $620 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/11/2024 09/11/24 Price Changed $945,000 -3.6% $658 / Sq Ft
09/03/2024 09/03/24 For Sale $980,000 +10.1% $682 / Sq Ft
09/02/2024 09/02/24 Off Market $890,000 -- --
07/23/2024 07/23/24 Price Changed $980,000 -7.5% $682 / Sq Ft
06/06/2024 06/06/24 For Sale $1,060,000 +69.6% $738 / Sq Ft
05/26/2023 05/26/23 Sold $625,000 -13.8% $435 / Sq Ft
04/18/2023 04/18/23 Price Changed $725,000 0.0% $505 / Sq Ft
04/18/2023 04/18/23 For Sale $725,000 0.0% $505 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $725,000 -- $505 / 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 $1,343 $10,330 -- --
2024 $1,328 $9,839 -- --
2023 $1,328 $47,160 $9,430 $37,730
2022 $1,275 $35,430 $7,080 $28,350
2021 $1,307 $27,280 $5,450 $21,830
2020 $1,275 $23,030 $4,600 $18,430
2019 $1,266 $19,120 $3,820 $15,300
2018 $1,240 $14,980 $2,990 $11,990
2017 $1,192 $14,950 $2,990 $11,960
2016 $1,146 $12,580 $2,510 $10,070
2015 $1,066 $10,770 $2,150 $8,620
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $667,500 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $890,000 Magnus Title Agency
Warranty Deed $625,000 Navi Title Agency
Warranty Deed -- Navi Title Agency
Quit Claim Deed -- --
Warranty Deed -- Ati Title Agency
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6715612

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-079