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Sold on 01/20/2017

1640 E Palm Ln, Phoenix, AZ 85006

  • $480,000

    Last sold 01/20/2017 after 140 Days

  • 4

    bed

  • 4

    bath

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

About 1640 E Palm Ln

Property type Multi-family
Neighborhood
Year built 1981
HOA fee $0/month
Rental estimate
Property description
Building shares a water meter and must be sold with 1644 E Palm. $529,000.00 for both. Great Unit mix! 100% Occupied! Drive by only, please do not disturb tenants. Financials shown are for one building only...multiply by two or see listing (MLS#5434289) for 1644 E Palm for totals.
Listed by
Listing Agent - Sarah C Richardson
Listing Office - Tru Realty
Source: ARMLS mls logo
MLS#5492198 • last updated 3 years ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Electric, Heat Pump, Individual
Heating Individual, Heat Pump, Electric
MLS # 5492198
Type Multiple Dwellings
Status Closed
Property Tax 939
Year Built 1981
Interior
Flooring Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Tile, Built-Up
Construction Wood Frame, Painted, Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision ROSELAWN HEIGHTS LOTS 9-12
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 117-15-086-C
Zoning Multi
Directions North To Palm Lane, East To Property. MUST Be Sold With 1644 E Palm Lane.
Multifamily Details
Total # of Units 4
Expense: Operating 7693
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 1000
Vacancy Allowance 0.1
Expense: Insurance 750
Net Operating Income 11585
Gross Income 19764
Expense: Trash 1000
Expense: Professional Management 2196
Expense: Water/Sewer 1308
Gross Scheduled Income 21960
Expense: Gardener 500
We are not permitted to show value estimates for this property.
  • Jun 2023
    mls logo MLS # 5492198
  • Jun 5, 2023 Sold
    $480,000
  • Jan 2017
    Public Records
  • Jan 20, 2017 Sold
    $480,000 (+1.1%)
  • Mar 2016
    Public Records
  • Mar 23, 2016 Sold
    $475,000 (+280.2%)
  • Mar 2015
    Public Records
  • Mar 16, 2015 Sold
    $124,950 (-28.2%)
  • Apr 2003
    Public Records
  • Apr 22, 2003 Sold
    $174,000
  • 1640 E Palm Ln
    $480K
  • Encanto
    $539K
  • 85006
    $485K -2% y/y
  • Phoenix
    $465K -3% y/y
No chart available
Statistics calculated by Movoto

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2/10
Excelencia School
public Grades K-8
Creighton 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.

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