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Sold on 11/30/2011

1649 E Oak St, Phoenix, AZ 85006

  • $207,000

    Last sold 11/30/2011 after 217 Days

  • 11

    bed

  • 10

    bath

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

About 1649 E Oak St

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Property description
Easy to manage and maintain 10 unit property in Central Phoenix. 5 Duplex buildings on 1 parcel and block construction .On Site Manager who's been there for 15+ years. Located near the new Phoenix Children's Hospital, plenty of close schools, and shopping nearby. Easy access to the 51 freeway, I-10 freeway, 202 freeway and public transportation. This property will bring in total rents of $66,600 less 10% vacancy $-6,660 so $59,940 per year. Then after total expenses of $36,895 the amount the investor would pocket is $23,045 NOI per year. This is a 11.13% CAP Rate return on investment based on a cash purchase.
Listed by
Listing Agent - Linda S Gerchick
Listing Office - The Robinson Group
Source: ARMLS mls logo
MLS#4590222 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 4590222
Type Multiple Dwellings
Status Closed
Property Tax 4389
Year Built 1950
Interior
Flooring Carpet, Vinyl, Concrete
Appliances Free-Standing Range
Exterior
Roof Built-Up
Construction Painted, Block
Parking >1 Space Per Unit, 1 Space/Unit
# of Open Parking Spaces 10
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision Ronalds Park Lot 9 And 10
Community Features No Pool
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 117-15-037
Zoning R-3
Directions South On 16th Street To Oak. East To Property
Multifamily Details
Total # of Units 10
Expense: Operating 36894
Financial Data Source Projected Proforma
Expense: Maintenance 2500
Vacancy Allowance 0.1
Expense: Insurance 2495
Net Operating Income 23045
Gross Income 59940
Expense: Electric 4600
Expense: Fuel 4545
Expense: Professional Management 10200
Expense: Water/Sewer 8165
Gross Scheduled Income 66600
We are not permitted to show value estimates for this property.
  • Nov 2014
    mls logo MLS # 5195659
  • Nov 24, 2014 Sold
    $320,000 (-22.9%)
  • Nov 5, 2014 Listed
    $414,950 (+100.5%)
  • Nov 2011
    mls logo MLS # 4590222
  • Nov 30, 2011 Sold
    $207,000
  • Apr 27, 2011 Listed
    $207,000 (+68.3%)
  • Jan 2011
    Public Records
  • Jan 18, 2011 Sold
    $123,000 (-73.9%)
  • Jun 2005
    Public Records
  • Jun 30, 2005 Sold
    $472,000
  • 1649 E Oak St
    $207K
  • Ronalds Park
    —
  • 85006
    $495K 0% y/y
  • Phoenix
    $465K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
William T Machan Elementary School
public Grades PK, 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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  • AZ
  • Maricopa County
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  • 1649 E Oak St
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