$980,000
SOLD NOV 8, 2024

2015 E Eugie Terrace Phoenix, AZ 85022

Paradise Valley Neighborhood
-- Bed
-- Bath
728 Sq Ft
1985 Built

Recently Sold

$1,346 Per Sq Ft

15% Below List Price

117 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available
  • Shadow Mountain High School Rated A-

About This Home

As of November 2024

Discover the exceptional investment potential of 2015 E Eugie Terrace, a meticulously maintained multifamily property in North Phoenix. This offering includes a main 6plex constructed in 1985 and a separate single family residence dating back to 1960, all under the care of the current owners for over two decades.

Property Features:

Unit Mix: Consists of six spacious 2-bedroom, 1-bathroom units averaging over 700 square feet each, alongside a single family residence.

Stability and Maintenance: Enjoyed trouble-free operations with a history of long-term tenants and continuous upkeep.

Value Enhancement: Potential for rent increases to market rates through an interior renovation program, leveraging recent updates to units.

Last Agent to Sell the Property

Colt Siler

Orion Investment Real Estate License #SA691810000

Co-Listed By

Garrett Hemeyer

Orion Investment Real Estate License #SA684184000

Last Buyer's Agent

Jackson Everhart

Orion Investment Real Estate License #SA689433000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,862

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Tax Lot 11
  • Assessor Parcel Number 166-10-056-A

Community Details

Overview

  • 2 Buildings
  • 7 Units
  • Building Dimensions are Normal
  • Sun & Sand Blk 1 3 Subdivision

Building Details

  • Operating Expense $1,862
  • Gross Income $99,546
  • Net Operating Income $75,226

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,862

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2023
  • Road Surface Type: Dedicated Street
  • Co List Office Mls Id: mlso106
  • Co List Office Phone: 480-634-6934
  • Subdivision Name: SUN & SAND BLK 1-3
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, 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
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • 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

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: Normal
  • Additional Parcels: No
  • Parcel #: 166-10-056-A

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: None
  • Number Of Units Total: 7
  • Annual Gross Income: 99546.0
  • Property Net Operating Income: 75226.0
  • Annual Operating Expense: 1862.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1862.0
  • Tax Book Number: 166.00
  • Tax Lot: 11

Map

Range of Values:

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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 Change Sq Ft Price
11/08/2024 11/08/24 Sold $980,000 -15.2% $1,346 / Sq Ft
10/31/2024 10/31/24 Price Changed $1,155,000 0.0% $1,587 / Sq Ft
10/31/2024 10/31/24 For Sale $1,155,000 0.0% $1,587 / Sq Ft
07/31/2024 07/31/24 Price Changed $1,155,000 -5.7% $1,587 / Sq Ft
06/27/2024 06/27/24 For Sale $1,225,000 -- $1,683 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6724663

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85022 Paradise Valley

2015 E Eugie Terrace, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 2015 E Eugie Terrace, Phoenix, AZ 85022 and is currently priced at $980,000, approximately $1,346 per square foot. This property was built in 1985. 2015 E Eugie Terrace is a home located in Maricopa County with nearby schools including Hidden Hills Elementary School, Shea Middle School, and Shadow Mountain High School.

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