NOT LISTED FOR SALE

Estimated Value: $1,235,724

-- Bed
-- Bath
2,400 Sq Ft
$515/Sq Ft Est. Value

Last Sold October 04, 2024

Last sale price $1,023,000 $426 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,909/month

34 Days on Market

Highlights

  • Central Air
  • Ceiling Fan
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of October 2024

This gorgeous 4-plex within the Historical Coronado district is an investor's dream. Amazing tenants in place, two have been in the home for over 5 years. With no maintenance common space and each unit with its own outdoor space, everyone wins! Paved patios or large yards all with shade sails. Keeping it all tasteful and simple with recessed lighting in two units and porcelain tile in all, this is the whole deal. All units are furnished with washer and dryer, refrigerator and oven/stove. 8 parking spots on the lot. Easy walking to all the best coffee, restaurants and shops making rentability top-notch. With the ideal location and distinguished tenants in place, this 4-plex is just what investors need in their portfolio.

Last Listed By

Nicole Kuluris-Spade

Locality Real Estate License #SA654511000 Listed on: 07/19/2024

Locality Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,715

Year Built

  • Built in 1982

Lot Details

  • 5,358

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Emerson Elementary School
  • North High School

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV, landscaping
  • The owner pays for water
  • Tax Lot 7
  • Assessor Parcel Number 117-27-149

Community Details

Overview

  • 4 Units
  • Building Dimensions are 5,357 sqft
  • Syndicate Place Subdivision

Building Details

  • Operating Expense $2,715
  • Net Operating Income $64,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,715

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: 7th Street & McDowell Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI-FAMILY
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2023
  • Directions: Heading North on 7th Street turn East on Sheridan Street, home is on the south side of the street
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: SYNDICATE PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Appraisal
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Emerson Elementary School

Lot Info

  • Lot Size: 5,357 sqft
  • Additional Parcels: Yes
  • Parcel #: 117-27-149

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Electricity, Cable TV, Landscaping
  • Number Of Units Total: 4
  • Property Net Operating Income: 64485.0
  • Annual Operating Expense: 2715.0

Tax Info

  • Tax Annual Amount: 2715.0
  • Tax Book Number: 117.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Oct 19, 2024
Sold by
Georges Joseph F and Georges Jacqueline C
Bought by
Jjle D Llc
Seller's Agent
Nicole Kuluris-Spade
Locality Real Estate
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$1,250,000
Sold Price
$1,023,000
Premium/Discount to List
-$227,000
-18.16%
Total Days on Market
34
Views
14
Current Estimated Value
$1,235,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,724
Avg. Annual Appreciation
36.37%
Original Mortgage
$716,100
Outstanding Balance
$713,469
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$511,199

Purchase Details

Listed on
Jul 19, 2024
Closed on
Sep 30, 2024
Sold by
Fry Kristina R
Bought by
Georges Joseph F and Georges Jacqueline C
Seller's Agent
Nicole Kuluris-Spade
Locality Real Estate
Buyer's Agent
Doug McVinua
Blue Sky Living, LLC
List Price
$1,250,000
Sold Price
$1,023,000
Premium/Discount to List
-$227,000
-18.16%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,100
Outstanding Balance
$713,469
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$511,199

Purchase Details

Closed on
Mar 19, 2020
Sold by
Fry James
Bought by
Fry Kristina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,200
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2018
Closed on
Jun 1, 2018
Sold by
Fry James and Fry Kristina R
Bought by
Fry Kristina R
Seller's Agent
Elva Weissmann
DeLex Realty
Buyer's Agent
Nicole Kuluris-Spade
Locality Real Estate
List Price
$699,000
Sold Price
$699,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.44%
Original Mortgage
$524,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jjle D Llc -- None Listed On Document
Georges Joseph F $1,023,000 Security Title Agency
Fry Kristina R -- Jetclosing Inc
Fry Kristina R -- Equity Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Georges Joseph F $716,100
Previous Owner Fry Kristina R $699,300
Previous Owner Fry Kristina R $521,200
Previous Owner Fry Kristina R $524,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $1,023,000 -18.2% $426 / Sq Ft
07/19/2024 07/19/24 For Sale $1,250,000 +78.8% $521 / Sq Ft
06/05/2018 06/05/18 Sold $699,000 0.0% $291 / Sq Ft
04/18/2018 04/18/18 For Sale $699,000 -- $291 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $304 $2,271 $2,271 --
2024 $301 $2,163 $2,163 --
2023 $301 $6,430 $6,430 $0
2022 $290 $4,890 $4,890 $0
2021 $288 $4,380 $4,380 $0
2020 $291 $3,850 $3,850 $0
2019 $291 $2,700 $2,700 $0
2018 $286 $2,380 $2,380 $0
2017 $279 $2,210 $2,210 $0
2016 $271 $2,130 $2,130 $0
2015 $251 $2,520 $2,520 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6733334

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-27-151