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Sold on 11/04/2014

5517 N 27th Dr, Phoenix, AZ 85017

$132,000

Last sold 11/04/2014 after 39 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 5517 N 27th Dr

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Property description
Great cash flowing multifamily. Good long term tenants with current leases in place. Nearly fully rented with a potential cap rate of 18%. Very difficult to find returns in today's market. Owner recently renovated each unit, new paint, bathrooms, water heaters, electrical. $40k in renovations. Solid block building with minimal maintenance. All 2 bedroom, 1 bath units with potential for one studio. The only building in the subdivision with all packaged A/C units. They were recently tested and serviced and in good working condition. No evap coolers. Close to I-17 freeway easy to keep leased. Please do not disturb tenants.
Listed by
Listing Agent - Martin Smith
Listing Office - Gentry Real Estate
Source: ARMLS mls logo
MLS#5177023 • last updated 6 years ago
Movoto checked ARMLS for data 12 minutes ago
Overview
Cooling/AC Central Air, Electric, Heat Pump, Individual
Heating Individual, Central, Heat Pump, Electric
MLS # 5177023
Type Multiple Dwellings
Status Closed
Property Tax 971.74
Year Built 1953
Interior
Flooring Ceramic Tile
Appliances Built-In Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking Paved, 1 Space/Unit, On Street
# of Open Parking Spaces 5
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision Maryvale Park 2
Community Features No Pool
Elementary School Cordova Primary School
Elementary School District Alhambra Elementary District
Middle School Cordova Middle School
High School District Phoenix Union High School District
High School Alhambra High School
APN 153-13-161
Zoning R-3
Directions TAKE BETHANY HOME RD TO 27TH AVE GO SOUTH ON 27TH AVE TO MISSOURI AVE PROPERTY LOCATED ON THE NW CORNER
Multifamily Details
Total # of Units 5
Expense: Operating 7411.74
Financial Data Source Owner
Expense: Maintenance 1200
Expense: Insurance 1400
Net Operating Income 24349
Expense: Trash 900
Expense: Water/Sewer 2100
Expense: Gardener 840
We are not permitted to show value estimates for this property.
  • Apr 2022
    Public Records
  • Apr 22, 2022 Sold
    $2,625,000 (+435.7%)
  • Aug 2021
    Public Records
  • Aug 3, 2021 Sold
    $490,000 (+271.2%)
  • Nov 2014
    mls logo MLS # 5177023
  • Nov 4, 2014 Sold
    $132,000 (-1.3%)
  • Sep 26, 2014 Listed
    $133,800 (+16.3%)
  • Mar 2012
    Public Records
  • Mar 23, 2012 Sold
    $115,000 (-54.0%)
  • Apr 2005
    Public Records
  • Apr 27, 2005 Sold
    $250,000 (-66.2%)
  • Feb 2004
    Public Records
  • Feb 11, 2004 Sold
    $740,000
  • Year Property taxes Tax assessment
  • 2024
    $1,356 -0.5%
    $58,360 -5.12%
  • 2023
    $1,363 +1.6%
    $61,510 +39.64%
  • 2022
    $1,342 -0.9%
    $44,050 +36.93%
  • 2021
    $1,354 +4.0%
    $32,170 +12.25%
  • 2020
    $1,302 +1.2%
    $28,660 +13.5%
  • 2019
    $1,286 +8.3%
    $25,250 +20.76%
  • 2018
    $1,187 +1.3%
    $20,910 +22.86%
  • 2017
    $1,172 +4.4%
    $17,020 +19.27%
  • 2016
    $1,123 +5.7%
    $14,270
  • 2015
    $1,063
    —
  • 5517 N 27th Dr
    $132K
  • Alhambra
    $375K -1% y/y
  • 85017
    $312K -2% y/y
  • Phoenix
    $464K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Cordova Middle School
public Grades PK, K-8
Alhambra Elementary District
2/10
Alhambra 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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