Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 06/01/2016

1011 E Palm Ln, Phoenix, AZ 85006

  • $863,938

    Last sold 06/01/2016 after 48 Days

  • 12

    bed

  • 7

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 1011 E Palm Ln

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Property description
Unique Central Phoenix complex of 4 freshly painted cottages plus a tri-plex in the downtown Coronado Historic District. Beautifully landscaped courtyard with citrus trees, palm trees and flowering plants. Cottages have front porches, wood floors and 2 have private covered patios. Meticulously maintained by longtime owners. All buildings were repainted this year as well as the foam roofs recoated. Consistently 100% Occupied and rents are increasing dramatically in this historic downtown neighborhood. Could also be an ideal place for Airbnb and VRBO vacation rentals with the private cottages.(Tri-plex of additonal cottages can also be available to purchase).
Listed by
Listing Agent - Clyde Granderson
Listing Office - HomeSmart
Source: ARMLS mls logo
MLS#5428341 • last updated 1 year ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Central Air
Heating Central, Heat Pump, Electric, Natural Gas
MLS # 5428341
Type Multiple Dwellings
Status Closed
Property Tax 3904
Year Built 1960
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Wood
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition, Foam
Construction Wood Frame, Painted, Stucco, Brick
Parking Assigned, 1 Space/Unit, On Street, Carport
# of Open Parking Spaces 4
# of Covered Spaces 5
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Homewood Tract
Community Features No Pool
Elementary School Emerson Elementary School
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
High School North High School
APN 117-25-108-A
Zoning R-3
Directions East From 7th Street On Palm LN To 10th Street And Palm LN
Multifamily Details
Total # of Units 7
Expense: Operating 14843
Financial Data Source Owner
Expense: Maintenance 2000
Vacancy Allowance 0.01
Expense: Insurance 2605
Net Operating Income 62684
Gross Income 78863.4
Expense: Electric 842
Expense: Other 1340
Expense: Water/Sewer 3500
Gross Scheduled Income 78160
Expense: Gardener 652
We are not permitted to show value estimates for this property.
  • Sep 2019
    Public Records
  • Sep 23, 2019 Sold
    $1,260,000 (+45.8%)
  • Jun 2016
    mls logo MLS # 5428341
  • Jun 1, 2016 Sold
    $863,938 (-9.1%)
  • Apr 14, 2016 Listed
    $950,000
  • 1011 E Palm Ln
    $863K
  • Coronado
    $642K +13% y/y
  • 85006
    $499K -3% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
2/10
Ralph Waldo Emerson Elementary School
public Grades PK, K-8
Phoenix Elementary District
3/10
North High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Coronado

Explore everything this neighborhood has to offer. Learn more about Coronado.
View homes for sale in Coronado
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Phoenix, AZ

Nearby homes for sale in Phoenix, AZ

Newest listings in 85006

  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85006
  • Coronado
  • 1011 E Palm Ln
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Arizona Multiple Listing Service, Inc.. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Arizona Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Arizona Multiple Listing Service™ system. All information provided is deemed reliable but is not guaranteed and should be independently verified. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.