2831 E Mobile Ln, Phoenix, AZ 85040

Studio-- baths3,007 sqft Edit

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Off Market
Zestimate®: $147,369
Rent Zestimate®: $831/mo
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A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

Edit
The owner has kept this triplex in nice shape, including upgrading to separately metered electric / heat pumps for heating and cooling for each unit. Two Large 3 BR/2BA units (1131SF and 1209SF - builder) and a 2BR/1BA (698SF builder) draw nice rents for a good return for investor (9.7% cap rate), or the possibility of owner occupied housing that the tenants pay for. Upper 3 BR unit has a view of the city, and is currently occasionally used by the owners when visiting town. Owners are getting older and want to sell. Long term tenants (10+ yrs and 6+ yrs) in place in 2 units - Do not disturb tenants or walk the property without the listing agent. Buyer to verify all facts and figures.

Facts

  • Lot: 7,626 sqft
  • Multi Family
  • Built in 1985
  • Cooling: Other
  • Heating: Heat pump
  • Last sold: Jul 1992 for $49,000

Features

  • Parking: 1 space

      Construction

      • Construction quality: 6.0
      • Exterior material: Cement concrete
      • Roof type: Other
      • Stories: 2
      • Structure type: Other
      • Unit count: 3

      Other

      • Floor size: 3,007 sqft
      • Last remodel year: 1985
      • Parcel #: 12261060A
      • Zillow Home ID: 7548168

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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      $147,369
      +$2,051 Last 30 days
      $133K
      $159K
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $831/mo
      +$41 Last 30 days
      $515
      $1.1K
      Zestimate range

      Popularity on Zillow

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      238 all-time views
      of this home (chart)
      88 forecasted views of this home
      in the first 7 days after listing for sale
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      Neighborhood

      Market guide

      Zillow predicts South Mountain home values will increase 4.7% next year, compared to a 4% rise for Phoenix as a whole. Among South Mountain homes, this home is valued 16.8% more than the midpoint (median) home, but is valued 45.6% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In South Mountain, the number of foreclosures waiting to be sold is 14.1% greater than in Phoenix, and 144.6% higher than the national average. This higher local number may prevent South Mountain home values from rising as quickly as other regions in Phoenix.

      Learn more about forecast calculations or South Mountain home values.
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