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Sold on 11/24/2014

1649 E Oak St, Phoenix, AZ 85006

$320,000

Last sold 11/24/2014 after 19 Days

  • 12

    bed

  • 10

    bath

Multi-family not for sale
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About 1649 E Oak St

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Property description
10 unit property in Phoenix, AZ. This is the secret property where everyone wants to live near Oak St. Tall trees and fencing surround the entire property providing shade and a secluded community feel. A secluded community vibe is the ''hook in the mouth'' for tenants in this area because of the security and tranquility is provides for young families. This has resulted in very strong occupancy for over 20 years! This property is a cash cow. This is a great property for a Buy & Hold Investor or a value added investor looking for a property with a lot of upside potential in the rents. Trailing 12 Financials are available upon request.
Listed by
Listing Agent - Steven Halen
Listing Office - Century 21 Arizona Foothills
Source: ARMLS mls logo
MLS#5195659 • last updated 9 years ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 5195659
Type Multiple Dwellings
Status Closed
Property Tax 1230
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 Creighton Elementary School
Elementary School District Phoenix Elementary District
Middle School Creighton Elementary School
High School District Phoenix Union High School District
High School Carl Hayden High School
APN 117-15-037
Zoning R-3
Directions SOUTH ON 16 STREET FROM THOMAS, EAST ON OAK, PROPERTY ON SOUTH SIDE.
Multifamily Details
Total # of Units 10
Expense: Operating 1230
Financial Data Source Projected Proforma
Vacancy Allowance 0.03
Net Operating Income 33115
Gross Income 59097.25
Gross Scheduled Income 60925
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
  • Year Property taxes Tax assessment
  • 2025
    $2,258 +3.9%
    $127,160 +12.96%
  • 2024
    $2,174 +1.2%
    $112,570 -11.03%
  • 2023
    $2,148 +4.1%
    $126,520 +51.58%
  • 2022
    $2,064 -2.4%
    $83,470 +42.76%
  • 2021
    $2,114 +2.5%
    $58,470 +33.01%
  • 2020
    $2,063 +0.7%
    $43,960 +16.7%
  • 2019
    $2,048 +2.1%
    $37,670 +9.25%
  • 2018
    $2,006
    $34,480
  • 1649 E Oak St
    $320K
  • Ronalds Park
    —
  • 85006
    $470K -4% y/y
  • Phoenix
    $454K -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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