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Sold on 02/17/2024

2326 E Pinchot Ave, Phoenix, AZ 85016

  • $2,400,000

    Last sold 02/17/2024 after 204 Days

  • 20

    bed

  • 12

    bath

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

About 2326 E Pinchot Ave

Property type Multi-family
Neighborhood
Year built 1958
HOA fee $0/month
Property description
Prime Opportunity in Biltmore Corridor. 12-unit garden-style apartment complex located in great east Phoenix neighborhood. Eleven out of twelve units completely remodeled with new kitchens and baths. New Roofs on Apartments in 2022/2023. Water lines updated inside the units. Centrally located complex is ideal to add to your portfolio. Block construction with new pitched composition shingle roofs and individually metered for electricity. Additional income from leased laundry. There is room to increase rents and possibly add in unit laundry. Minutes to shopping & dining at Biltmore Fashion Park, Town and Country Mall and so much more. Easy access to the 51 Freeway, downtown Phoenix, bus transportation and employment. Do not walk property or talk to tenants. Inspection with accepted offer
Listed by
Listing Agent - Howard L Rudin
Listing Office - West USA Realty
Source: ARMLS mls logo
MLS#6586083 • last updated 2 years ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 6586083
Type Multiple Dwellings
Status Closed
Property Tax 6693
Year Built 1958
Interior
Flooring Ceramic Tile, Vinyl
Appliances Free-Standing Range, Refrigerator, Microwave
Exterior
Roof Composition, Rolled/Hot Mop
Construction Painted, Block
Parking <1 Space Per Unit
# of Covered Spaces 11
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision None
Community Features Barbecue, No Pool
Elementary School Loma Linda Elementary School
Elementary School District Creighton Elementary District
Middle School Loma Linda Elementary School
High School District Phoenix Union High School District
High School Camelback High School
APN 119-17-045-A
Zoning M-h R4
Directions South On 24th Street To Pinchot. Turn Right Or West On Pinchot. Complex Is On North Side. No Sign On Property, Do Not Walk Complex. Inspections With Accepted Offer.
Multifamily Details
Total # of Units 12
Expense: Operating 44393
Financial Data Source Projected Proforma
Expense: Maintenance 3000
Expense: Insurance 8000
Net Operating Income 159667
Gross Income 204060
Expense: Electric 600
Expense: Trash 3000
Expense: Professional Management 14400
Expense: Water/Sewer 6000
Gross Scheduled Income 203460
Expense: Gardener 2700
We are not permitted to show value estimates for this property.
  • Feb 2024
    mls logo MLS # 6586083
  • Feb 17, 2024 Sold
    $2,400,000 (-11.1%)
  • Dec 8, 2023 Pending
    —
  • Dec 2, 2023 Price Change
    $2,700,000 (-9.8%)
  • Oct 11, 2023 Price Change
    $2,995,000 (-6.4%)
  • Sep 13, 2023 Price Change
    $3,200,000 (-8.6%)
  • Jul 28, 2023 Listed
    $3,500,000 (+143.1%)
  • Jul 2018
    mls logo MLS # 5738679
  • Jul 6, 2018 Sold
    $1,440,000 (-4.0%)
  • Mar 18, 2018 Listed
    $1,500,000
  • Year Property taxes Tax assessment
  • 2024
    $7,048 +1.2%
    $211,560 -14.65%
  • 2023
    $6,966 +4.1%
    $247,860 +34.34%
  • 2022
    $6,693 -2.4%
    $184,500 +5.14%
  • 2021
    $6,856 +2.5%
    $175,480 +56.11%
  • 2020
    $6,689
    $112,410
  • 2326 E Pinchot Ave
    $2.4M
  • Camelback East
    $762K
  • 85016
    $544K -7% y/y
  • Phoenix
    $469K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Loma Linda Elementary School
public Grades PK, K-8
Creighton Elementary District
2/10
Camelback 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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