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Sold on 08/15/2015

509 N 40th Ave, Phoenix, AZ 85009

$428,000

Last sold 08/15/2015 after 46 Days

  • 20

    bed

  • 12

    bath

Multi-family not for sale
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About 509 N 40th Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Property description
WOW***12 units (8) 2 bed & (4) 1 bedroom units. Newer roofs, HVAC units. huge lot almost 1 acre (0.86 acre). 100% occupied.
Listed by
Listing Agent - David Gudmundsen
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5301045 • last updated 8 years ago
Movoto checked ARMLS for data 3 minutes ago
Overview
Cooling/AC Central Air, Heat Pump
Heating Individual, Electric, Natural Gas
MLS # 5301045
Type Multiple Dwellings
Status Closed
Property Tax 1730
Year Built 1960
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking Paved, 1 Space/Unit
# of Open Parking Spaces 12
Amenities / Utilities
Water Source Master Meter, Irrigation, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Community Features Play Area, No Pool
Elementary School Abraham Lincoln Traditional School
Elementary School District Isaac Elementary District
Middle School Pueblo Elementary School
High School District Phoenix Union High School District
APN 106-03-049-B
Zoning R3
Directions East On Roosevelt To 40th Ave. South On 40th Ave To Property. East Side Of Street (apartments Behind 505 N 40th Ave). Do Not Disturb Tenants.
Multifamily Details
Total # of Units 12
Expense: Operating 26566
Financial Data Source Owner
Expense: Maintenance 6000
Vacancy Allowance 0.08
Expense: Insurance 2400
Net Operating Income 36086
Gross Income 62928
Expense: Electric 600
Expense: Other 1319
Expense: Trash 2640
Expense: Professional Management 5277
Expense: Water/Sewer 6600
Gross Scheduled Income 68400
We are not permitted to show value estimates for this property.
  • Aug 2015
    mls logo MLS # 5301045
  • Aug 15, 2015 Sold
    $428,000 (-9.7%)
  • Jun 30, 2015 Listed
    $474,000 (+20.0%)
  • Jan 2004
    Public Records
  • Jan 16, 2004 Sold
    $395,000
  • Year Property taxes Tax assessment
  • 2024
    $2,363 +7.5%
    $125,380
  • 2022
    $2,199 +0.3%
    $125,380 +91.83%
  • 2021
    $2,192 +1.9%
    $65,360 +8.48%
  • 2020
    $2,152
    $60,250
  • 509 N 40th Ave
    $428K
  • Estrella
    $417K +3% y/y
  • 85009
    $321K -2% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Moya Elementary School
public Grades K-5
Isaac Elementary District
3/10
Carl Hayden 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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