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Sold on 12/05/2011
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240 E Ruth Ave, Phoenix, AZ 85020

  • $2,365,000

    Last sold 12/05/2011 for $315K

  • 24

    bed

  • 14

    bath

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

About 240 E Ruth Ave

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Movoto estimate
Property description
SHORT SALE. DO NOT DISTURB TENANTS. SHOWINGS BY APPOINTMENT ONLY. Strong occupancy, close to everything and easy to rent space. The property has a mix of 1/1’s & 2/1’s. Built in 1983, this apartment building offers concrete construction, individual electric metering, pitched roofs and concrete stairs and walkways. The Angel All property tours by appointment only. Use short-sale addendum. All offers are subject to bank approval.
Listed by
Listing Agent - Scott R Trevey
Listing Office - Kasten Long Commercial Group
Source: ARMLS mls logo
MLS#4642289 • last updated 1 year ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Central Air
Heating Electric
MLS # 4642289
Type Multiple Dwellings
Status Closed
Property Tax 5055
Year Built 1983
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 19
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School District Washington Elementary District
High School District Glendale Union High School District
APN 160-51-054
Zoning MH
Directions South On Central From Dunlap To Ruth Avenue. Go East To Property.
Multifamily Details
Total # of Units 14
Expense: Operating 35827
Financial Data Source Owner
Expense: Maintenance 4400
Vacancy Allowance 0.18
Expense: Insurance 2160
Net Operating Income 36614
Gross Income 80309.16
Expense: Electric 9000
Expense: Trash 1827
Expense: Professional Management 4343
Expense: Water/Sewer 5442
Gross Scheduled Income 96438
$2.36M
Range: $1.39M-$3.33M
Last 30 days 
  • 240 E Ruth Ave
    $315K
  • North Mountain
    $399K -3% y/y
  • 85020
    $399K -11% y/y
  • Phoenix
    $469K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Desert View Elementary School
public Grades PK, K-6
Washington Elementary School District
4/10
Royal Palm Middle School
public Grades 5-8
Washington Elementary School District
7/10
Sunnyslope High School
public Grades 9-12
Glendale Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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