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Sold on 06/16/2015

9225 N 5th St, Phoenix, AZ 85020

$305,000

Last sold 06/16/2015 after 110 Days

  • 10

    bed

  • 10

    bath

Multi-family not for sale
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About 9225 N 5th St

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Property description
Wow seller is motivated!!! Cash cow!!! This is a value add project. All units are one bedrooms several units have been recently updated in with new tile paint. 3 units still need some updating as well as being finshed. All permits have been paid with blue prints. Needs about 10-20k more to finish this project! If fully rented this is over a 13% cap if self managed. But at 32k a door this is a great deal! The roofs have been done about 5 years ago.Coined washer and dryer seller owned convey for addtional income. All wall a/c units. All facts and figuers are approximate buyer verify MLS info
Listed by
Listing Agent - Sophia J. Baron
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5242345 • last updated 9 years ago
Movoto checked ARMLS for data 1 minute ago
Overview
Cooling/AC Window/Wall Unit
Heating Electric
MLS # 5242345
Type Multiple Dwellings
Status Closed
Property Tax 1183
Year Built 1965
Interior
Flooring Ceramic Tile
Appliances Other, Refrigerator
Exterior
Roof Composition
Construction Painted, Block
Parking 1 Space/Unit
# of Open Parking Spaces 10
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 159-46-055
Zoning R-5
Multifamily Details
Total # of Units 10
Expense: Operating 13901
Financial Data Source Other (See Remarks), Projected Proforma
Expense: Maintenance 3500
Vacancy Allowance 0.05
Expense: Insurance 875
Net Operating Income 43142
Gross Income 55860
Expense: Fuel 2160
Expense: Other 1183
Expense: Water/Sewer 4500
Gross Scheduled Income 57600
Expense: Gardener 500
We are not permitted to show value estimates for this property.
  • Jun 2015
    mls logo MLS # 5242345
  • Jun 16, 2015 Sold
    $305,000 (-6.2%)
  • Feb 26, 2015 Listed
    $325,000
  • Year Property taxes Tax assessment
  • 2021
    $1,147 +2.6%
    $10,740
  • 2020
    $1,118 +1.9%
    $10,740 -6.41%
  • 2019
    $1,098 +2.7%
    $11,475 +11.03%
  • 2018
    $1,069 +0.5%
    $10,335 +7.99%
  • 2017
    $1,063 -48.2%
    $9,570 -8.6%
  • 2016
    $2,053
    $10,470
  • 9225 N 5th St
    $305K
  • North Mountain
    $389K -3% y/y
  • 85020
    $398K -9% y/y
  • Phoenix
    $469K 0% y/y
No chart available
Statistics calculated by Movoto

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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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