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Sold on 10/01/2015

3442 E Melvin St, Phoenix, AZ 85008

  • $172,000

    Last sold 10/01/2015 after 226 Days

  • 8

    bed

  • 9

    bath

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

About 3442 E Melvin St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Property description
9.78% CAP!! The Melvin Street Apartments is located in Phoenix, Arizona. The property is situated east of 32nd Street, just north of Van Buren Road, a major east-west thoroughfare, providing a highly desirable location near major transportation corridors including the SR-143, Loop 202 and SR-51 Freeways, as well as the METRO Light Rail. The apartment community is minutes away from Downtown Phoenix and is a short commute to many other valley cities including Tempe and Scottsdale, Arizona. Melvin Street Apartments is block constructed apartment building built in 1940 and 1947. The unit mix consists of the following: 5 one-bedroom / one-bath units of approximately 500 square feet; 1 studio/ one-bath approximately 425 square feet; 1 three-bedroom / two-bath single family residence.
Listed by
Listing Agent - Chad Barber
Listing Office - Vestis Group
Source: ARMLS mls logo
MLS#5237966 • last updated 3 months ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Evaporative Cooling
Heating Heat Pump
MLS # 5237966
Type Multiple Dwellings
Status Closed
Property Tax 1058
Year Built 1940
Interior
Flooring Carpet
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Stucco, Block
Parking 1 Space/Unit
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Other, See Remarks
Elementary School District Phoenix Elementary District
High School District Phoenix Union High School District
APN 121-16-092
Zoning R-3
Multifamily Details
Total # of Units 7
Expense: Operating 20799
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 3500
Vacancy Allowance 0.5
Expense: Insurance 2100
Net Operating Income 19085
Gross Income 20415
Expense: Electric 2091
Expense: Fuel 2136
Expense: Other 900
Expense: Professional Management 2834
Expense: Water/Sewer 6180
Gross Scheduled Income 40080
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jul 2022
    mls logo MLS # 6437263
  • Jul 20, 2022 Listed
    $1,600 (-99.6%)
  • Apr 2020
    mls logo MLS # 6053280
  • Apr 30, 2020 Sold
    $399,000 (+132.0%)
  • Oct 2015
    mls logo MLS # 5237966
  • Oct 1, 2015 Sold
    $172,000 (-11.6%)
  • Feb 17, 2015 Listed
    $194,499
  • 3442 E Melvin St
    $172K
  • Central City
    $445K
  • 85008
    $420K +5% y/y
  • Phoenix
    $469K -2% y/y
No chart available
Statistics calculated by Movoto

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2/10
David Crockett School
public Grades K-5
Balsz 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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