$840,000
SOLD NOV 15, 2024
-- Bed
-- Bath
3,060 Sq Ft
1960 Built

Recently Sold

$275 Per Sq Ft

7% Below List Price

63 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of November 2024

This excellent investment opportunity consists of 2 Buildings, 3839 and 3845. One unit has 3 bedrooms and 2 bathrooms. The other 5 units are 2-bedroom 1 bath. Appliances/amenities very by unit. There is also a pay washer and dryer available for the tenants use. Three units have had a major rehab in the last two years and 3 HVAC systems have been replaced in the last 2 years. . The complex has had great rental stability, and the neighborhood has experienced a positive turn around in recent years.

Last Agent to Sell the Property

Kern Kellogg

Arizona Property Management License #BR630521000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1960

Home Design

  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Schools

  • Alma Elementary School
  • Alhambra Traditional Middle School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot Unk
  • Assessor Parcel Number 107-08-003-D

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are IRR

Building Details

  • Operating Expense $33,117

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Grand and 39TH Avenue
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Directions: Turn on to Hazelwood at the intersection and the property is on the right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 8370.0
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other (See Remarks)
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 375.0
  • Trash Expense: 2568.0
  • Annual Water Sewer Expense: 3996.0

Schools

  • Elementary School: Alma Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Alhambra Traditional School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 107-08-003-D

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 6
  • Electric Expense: 408.0
  • Insurance Expense: 6200.0
  • Maintenance Expense: 6000.0
  • Annual Operating Expense: 33117.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3400.0
  • Tax Book Number: 107.00
  • Tax Lot: Unk

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
11/15/2024 11/15/24 Sold $840,000 -6.6% $275 / Sq Ft
08/13/2024 08/13/24 For Sale $899,000 +53.7% $294 / Sq Ft
02/11/2020 02/11/20 Sold $585,000 -2.5% $191 / Sq Ft
02/08/2020 02/08/20 Price Changed $599,800 0.0% $196 / Sq Ft
02/01/2020 02/01/20 Price Changed $599,800 0.0% $196 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
11/18/2019 11/18/19 Price Changed $599,800 0.0% $196 / Sq Ft
11/04/2019 11/04/19 Price Changed $599,900 -1.5% $196 / Sq Ft
10/18/2019 10/18/19 Price Changed $609,000 -4.7% $199 / Sq Ft
09/27/2019 09/27/19 For Sale $639,000 0.0% $209 / Sq Ft
09/27/2019 09/27/19 Price Changed $639,000 +9.2% $209 / Sq Ft
07/24/2019 07/24/19 Off Market $585,000 -- --
07/02/2019 07/02/19 For Sale $659,000 +192.9% $215 / Sq Ft
07/27/2012 07/27/12 Sold $225,000 -9.6% $74 / Sq Ft
05/25/2012 05/25/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $249,000 -- $81 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6743502

Arizona Regional Multiple Listing Service (ARMLS)