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1525 W Indian School Road, Phoenix, AZ 85015
$2,450,000
1525 W Indian School Road, Phoenix, AZ 85015View this property at 1525 W Indian School Road, Phoenix, AZ 85015
1525 W Indian School RoadPhoenixAZ85015
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Property Description
Great opportunity for ongoing multiple-unit income stream. Beautiful park-like setting in sought after mid-town location has 18 well-maintained rental units of varying sizes to fit different needs of renters. Many long-term renters reside on the property. Apartments were completely remodeled in 2010 ceramic floors, electricity, air conditioning and plumbing, interior walls, roofing, insulation and new drywall.
Full Property Details
Full Property Details for 1525 W Indian School Rd
General
- Sold For: $2,450,000
- HOA FEE: $18,000
- Taxes: $4,170 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 6644884
- Added to Site: 138 day(s) ago
Interior
- Flooring: Carpet, Ceramic Tile
Parking
- Total Spaces: 18
- Parking Features: 1 Space/Unit
Location
- County: Maricopa
- Township: 2N
- Subdivision: PARK FAIRMONT AMD
- Cross Streets: 15TH AVE & INDIAN SCHOOL
Heating & Cooling
- Air Conditioning: Yes
Utilities
- Sewer: Public Sewer
- Water: City Franchise
Structural Information
- # Buildings: 3
- Exterior Const.: Stucco, Block
- Roof: Rolled/Hot Mop
- Year Built: 1959
Unit Information
- Vacancy %: .1
Lot Features
- Lot Dimensions: 16200
- Frontage: Asphalt
- Zoning: MULTI
Financial Considerations
- Maint. Fee/Month: $18,000
- Tax Amount: $4,170
- Tax Year: 2023
- Terms: Conventional, 1031 Exchange
- Owner Pays: Water
- Tenant Pays: Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Buyer/Broker Compensation Available: Yes
- Legal Description: PARK FAIRMOUNT AMD MCR 48-48 PT LOT 4 BLK 1 EX E 120F & EX W 180F & EX N 10F
- Property ID: 110-08-005-D
- Range: 3E
- Section: 30
- Block: 1
- Lot Number: 4
Listed by Realty ONE Group
Sold by ABI Multifamily
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Schools
Schools serving 1525 W Indian School Rd
School Districts:Osborn Elementary District, Phoenix Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1225 W Clarendon Ave, Phoenix, AZ 85013 | 4-6 | 0.4 mi | |
1420 W Osborn Rd, Phoenix, AZ 85013 | PK-3 | 0.4 mi | |
1102 W Highland Ave, Phoenix, AZ 85013 | 7-8 | 0.9 mi | |
4445 N Central Ave, Phoenix, AZ 85012 | 9-12 | 1.2 mi | |
4525 N Central Ave, Phoenix, AZ 85012 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1525 W Indian School Rd
Date
Details
Price
Change
Source
2/20/2024
Sold
$2,450,000
-5.77%
MLS
1/02/2024
Listed
$2,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1525 W Indian School Road, Phoenix, AZ 85015 (MLS# 6644884) is a Multi-Family property that was sold at $2,450,000 on February 20, 2024. Want to learn more about 1525 W Indian School Road? Do you have questions about finding other Multi-Family real estate for sale in Encanto? You can browse all Encanto real estate or contact a Coldwell Banker agent to request more information.