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Sold on 10/15/2019

2503 E Clarendon Ave, Phoenix, AZ 85016

$1,680,000

Last sold 10/15/2019 after 184 Days

  • 24

    bed

  • 12

    bath

Multi-family not for sale
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About 2503 E Clarendon Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Property description
100% Occupancy. Prime Opportunity in Biltmore Corridor. Clarendon 12 features 12 units - All 2 Bed / 1 bath 801 Sq Ft. This Two-story 12 unit building has coin-op laundry, bbqs and community pool. Over the past 20 months, owner has done hundreds of thousands of dollars in remodeling and improvements. Individually metered for electric and gas. Clarendon 12 is in one of the hottest real estate markets in the Valley of the Sun. With tremendous employment, retail, entertainment and dining nearby and its close proximity to freeways and downtown, this is an area that will continue in growth and revitalization. There is still room to raise rents here. Figures stated are actual. Look under docs for a proforma comparison. 2503 to 2549 is available as a package of 24 units for $3.8M MLS# 5891936
Listed by
Listing Agent - Howard L Rudin
Listing Office - West USA Realty
Source: ARMLS mls logo
MLS#5911493 • last updated 1 year ago
Movoto checked ARMLS for data 9 minutes ago
Overview
Cooling/AC Electric, Heat Pump, Individual
Heating Individual, Heat Pump, Electric, Natural Gas
MLS # 5911493
Type Multiple Dwellings
Status Closed
Property Tax 5317
Year Built 1960
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Refrigerator, Microwave
Exterior
Roof Rolled/Hot Mop
Construction Painted, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 15
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Barbecue, Manager Res/Office, Pool
Elementary School Larry C Kennedy School
Elementary School District Creighton Elementary District
Middle School Larry C Kennedy School
High School District Phoenix Union High School District
High School Camelback High School
APN 119-05-053
Zoning R-4
Directions North On 26th Place To Whitton. West On Whitton To 26th Street. North To Clarendon. Left On Clarendon To Building On South Side With Mural.
Multifamily Details
Total # of Units 12
Expense: Operating 33749
Financial Data Source Owner
Expense: Maintenance 4500
Vacancy Allowance 0.02
Expense: Insurance 5200
Net Operating Income 91851
Gross Income 125185.2
Expense: Electric 1200
Expense: Fuel 660
Expense: Other 1920
Expense: Trash 2400
Expense: Professional Management 6252
Expense: Water/Sewer 4200
Gross Scheduled Income 125040
Expense: Gardener 2100
We are not permitted to show value estimates for this property.
  • Aug 2021
    Public Records
  • Aug 18, 2021 Sold
    $2,550,000 (+51.8%)
  • Oct 2019
    mls logo MLS # 5911493
  • Oct 15, 2019 Sold
    $1,680,000
  • Apr 14, 2019 Listed
    $1,800,000 (-15.3%)
  • Oct 2019
    Public Records
  • Oct 15, 2019 Sold
    $1,680,000 (-6.7%)
  • Jun 2017
    Public Records
  • Jun 7, 2017 Sold
    $2,125,000 (+80.9%)
  • Jul 2015
    Public Records
  • Jul 13, 2015 Sold
    $1,175,000
  • Jul 2015
    mls logo MLS # 5208257
  • Jul 2, 2015 Sold
    $1,175,000 (+42.4%)
  • Jun 2014
    mls logo MLS # 5040589
  • Jun 24, 2014 Sold
    $825,000
  • Dec 9, 2013 Listed
    $877,500 (-5.1%)
  • Jun 2014
    Public Records
  • Jun 23, 2014 Sold
    $825,000 (-6.0%)
  • Sep 2003
    Public Records
  • Sep 29, 2003 Sold
    $925,000
  • Year Property taxes Tax assessment
  • 2024
    $5,369 +1.2%
    $218,420 -13.37%
  • 2023
    $5,307 +4.1%
    $252,140 +49.35%
  • 2022
    $5,099 -2.4%
    $168,820 +38.32%
  • 2021
    $5,223 +2.5%
    $122,050 +10.43%
  • 2020
    $5,096
    $110,520
  • 2503 E Clarendon Ave
    $1.68M
  • Camelback East
    $762K
  • 85016
    $569K -1% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Larry C Kennedy 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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