925 East McKinley Street

Phoenix, AZ 85006

$853,500
Last Sold Price
2
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Beautiful Garfield historic district 6 plex come and grab a piece of Phoenix history. 100% occupied bringing in approximately $6,000 a month with 7.6% cap rate. Totally remodeled in 2006 in accordance with Phoenix Historic. Within the last year, 5 of 6 units have been updated, and most with fresh paint, new fixtures, counter tops, flooring, and appliances. Complex perfect for student housing University of Arizona Medical School less than a half mile away. When listed for rent, units only require...

Property Details for 925 East McKinley Street

Subdivision
HIGHLAND ADDITION LOTS 93-102

Location

Listing Courtesy of LRA Real Estate Group, LLC

Sold By My Home Group Real Estate

Property Details for 925 East McKinley Street

StatusSold
MLS #6201664
Days on Market2
Taxes$1,572 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1916
Lot Size-
CountyMaricopa County

Listing Agent

Andrew T LeBaron

Andrew T LeBaron

LRA Real Estate Group, LLC

andrew@buymoretime.com

P: 480.980.9022

M: 480.980.9022

Contact Agent(s)

Location

Listing Courtesy of LRA Real Estate Group, LLC

Sold By My Home Group Real Estate

Building Information for 925 East McKinley Street

Stories-Residences-Year Built1916Building Size-Lot Size-

Payment Calculator

$2,991 per month

30 year fixed, 2.95% Interest

Principal and Interest

$2,860

Property Taxes

$131

HOA Dues

$0

Similar Homes

Property Information for 925 East McKinley Street

Summary
    Location and General Information
  • Cross Street: 10th st and McKinley
  • Census Tract: 113202
  • Map Code/Grid: Q34
  • Roads/Streets: Alley, Asphalt
    School Information
  • Elementary School Dist #: 001 - Phoenix Elementary District
  • High School: North High School
  • High School Dist #: 001 - Phoenix Elementary District
  • Jr. High School: Garfield School
    Owner
  • Owner Pays: Landscaping, Sewer, Trash Collection, Water
  • Ownership: Fee Simple
    Parking
  • Covered Parking Spcs: 0
  • Parking: 1 Space/Unit, Assigned, Free, Paved Parking, Street Parking
  • Total Parking Spaces: 6
  • Uncovered Parking Spaces: 6
    Taxes and HOA Information
  • Tax Municipality: Maricopa - COUNTY
  • Tax Year: 2020
Property
    Lot Information
  • Lot Size Dimensions: 6,875
  • Environmental: None
  • Zoning: [M-H] MULTI-FAM
    Property and Assessments
  • Assessor Number: 116-32-112
  • Assessor's Book #: 116
  • Assessor's Map #: 32
  • Assessor's Parcel #: 112
  • Additional Parcels: No
  • Legal: LOT 72 HIGHLAND ADDITION LOTS 93-102 MCR 000235
  • Legal Description (Abbrev): LOT 72 HIGHLAND ADDITION LOTS 93-102 MCR 000235
  • Legal Info: Lot Number: 72
  • Legal Info: Range: 3E
  • Legal Info: Section: 4
  • Legal Info: Township: 1N
  • Project Type: 5 - 12 Units
  • Property Group ID: 19990816212116581394000000
  • Special: Owner/Agent
    Utilities
  • Electric: APS
  • Gas: None
  • Sewer: Sewer - Public
  • Water: City Franchise
Interior and Exterior Features
    Room Information
  • Efficiency Units: # of Efficiency Units: 4
  • Efficiency Units: Average SqFt: 450.0
  • Efficiency Units: # Baths: 1
  • Efficiency Units: Avg Rent: $950.00
    Exterior Features
  • # of Buildings: 1
  • Const - Finish: Painted, Stucco
  • Construction: Block, Frame - Wood
  • Exterior Amenities: Desert Landscaping, Fenced, Partially Fenced, Patio/Balcony, Security Light(s), Separate Storage
  • Roofing: Comp Shingle
    Interior Features
  • Floors: Vinyl/Composition
  • Cooling: Central A/C, Electric Refrigeratd
  • Heating: Central, Electric
  • Interior Amenities: Basement, Security Alarm(s)
  • Appliances Included: F/S Oven/Range, Refrigerator, Washer/Dryer
Multi Family
    1 Bedroom Unit Information
  • # of Units: 2
  • # of Bathrooms: 1
  • Average Rent: $950.00
  • Average Sq. Ft: 500
    2 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    3 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    4 Bedroom Unit Information
  • # of Units: 0
  • # of Bathrooms: 0
  • Average Rent: $.00
  • Average Sq. Ft: 0
    Income & Expenses Information
  • Adjusted Gross Income: $68,400.00
  • Annual Electric Expense: $480.00
  • Annual Ins Expense: $4,200.00
  • Annual Landscape Expenses: $400.00
  • Annual Owner Association Fee: $.00
  • Annual Water/Sewer Expense: $3,600.00
  • Gross Annual Sch Income: $72,000.00
  • Net Operating Income: $64,800.00
  • Operating Expense: $10,252.00
  • Other Income: $.00
  • Owner Association: No
  • Vacancy Allowance: $.05
    Multi-Family Information
  • Community Amenities: No Pool
  • Payment Includes: Interest
  • Source of Financial Data: Provided by Owner
  • Total # of Units: 6
Agent
    Payment and Rate Information
  • Cap Rate: 7.59%
  • Monthly Payments: $1,350.00
  • Down Payment %: 60,000.00%
  • Equity: $853,500.00
  • Total Owed: $.00
Rental
    Rental Information
  • Tenant Pays: Cable TV, Electric

Property History for 925 E Mckinley St

DateEvent & SourcePriceAppreciation
Mar 25, 2021

Sold

ARMLS #6201664

$853,500
Mar 5, 2021

Pending

ARMLS #6201664

Mar 3, 2021

Listed (Active)

ARMLS #6201664

$853,500
DateEvent & SourcePrice
03/25/2021

Sold

ARMLS #6201664

$853,500
03/05/2021

Pending

ARMLS #6201664

03/03/2021

Listed (Active)

ARMLS #6201664

$853,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 925 East McKinley Street


SchoolTypeGradesDistanceRating
Asu Preparatory Academy- Phoenix ElementaryCharterK-40.2 mi
5
ASU Preparatory Academy- Phoenix High SchoolCharter9-120.3 mi
7
ASU Preparatory Academy - Phoenix Middle SchoolCharter5-80.3 mi
6
Phoenix Union Bioscience High SchoolPublic9-120.3 mi
9

Asu Preparatory Academy- Phoenix Elementary

K-4, 0.2 mi, Charter

5

ASU Preparatory Academy- Phoenix High School

9-12, 0.3 mi, Charter

7

ASU Preparatory Academy - Phoenix Middle School

5-8, 0.3 mi, Charter

6

Phoenix Union Bioscience High School

9-12, 0.3 mi, Public

9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LRA Real Estate Group, LLC

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS