NOT LISTED FOR SALE

Estimated Value: $455,000 - $552,000

-- Bed
1 Bath
2,376 Sq Ft
$220/Sq Ft Est. Value

Last Sold August 07, 2019

Last sale price $325,000 $137 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,853/month

10 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill

About This Home

As of August 2019

4-BED, 2-BATH in downtown Phx!!! This duplex is set up like a 4-plex. Seller prefers to sell with MLS #5943155 due to the set up. Seller has made price very attractive with a fantastic 7%+ return and even more value add with surrounding rental rates in this up & coming, revitalizing area in down town. The city is speculated to want this area for redevelopment; Potential is huge but just current rents make this 4-plex a great return on money invested from day one. Extremely well taken care of (view pics) and great renters with little to no vacancies!

Last Agent to Sell the Property

Stephen Gomez

My Home Group Real Estate License #BR644548000 Listed on: 06/21/2019

My Home Group Real Estate

Last Buyer's Agent

Janet Rios

CPA Advantage Realty, LLC License #SA654689000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,216

Year Built

  • Built in 2006

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Concrete
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • North High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 14 / 2
  • Assessor Parcel Number 115-46-133

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Building Dimensions are 49.95 x 135.11
  • Thrifty Homes Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $6,822
  • Gross Income $28,800
  • Net Operating Income $22,909

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,216

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Cross Street: 7th St. and Buckeye
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R-3] Multi-Fam
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Professional Management Expense: 960.0
  • Subdivision Name: THRIFTY HOMES
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Vinyl, Wood, Concrete
  • Appliances: Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Assigned, Add'l Parking Avail, >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Barbecue: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 49.95 x 135.11
  • Additional Parcels: Yes
  • Parcel #: 115-46-133

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 28800.0
  • Insurance Expense: 1746.48
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 22909.0
  • Annual Operating Expense: 6822.48

Tax Info

  • Tax Annual Amount: 1216.0
  • Tax Block: 2
  • Tax Book Number: 115.00
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Gary Jerrell R
Bought by
Phoenix Realty Housing Llc
Current Estimated Value
$522,732

Purchase Details

Closed on
Nov 16, 2020
Sold by
Phoenix Realty Housing Llc
Bought by
Gary Jerrell R

Purchase Details

Closed on
Jul 15, 2020
Sold by
Gary Jerrell R
Bought by
Phoenix Realty Housing Llc

Purchase Details

Listed on
Jun 21, 2019
Closed on
Jul 29, 2019
Sold by
Gomez Frank
Bought by
Gary Jerrell R
Seller's Agent
Stephen Gomez
My Home Group Real Estate
Buyer's Agent
Janet Rios
CPA Advantage Realty, LLC
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$227,500
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2009
Sold by
Gomez Mary C
Bought by
Gomez Frank

Purchase Details

Closed on
May 27, 2009
Sold by
Deutsche Bank National Trust
Bought by
Gomez Frank

Purchase Details

Closed on
Feb 4, 2009
Sold by
Gibson Christopher P and Gibson Lashon
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Feb 1, 2006
Sold by
Am Builders Llc
Bought by
Gibson Christopher P and Gibson Lashon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2005
Sold by
Gomez Frank V
Bought by
Am Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2002
Sold by
Buruato Dorothy
Bought by
Buruato Angel

Purchase Details

Closed on
Apr 18, 2002
Sold by
Ayala Steve
Bought by
Garcia Sarah

Purchase Details

Closed on
Dec 6, 2001
Sold by
Gomez Mary C
Bought by
Gomez Frank

Purchase Details

Closed on
Jun 12, 2000
Sold by
Garcia Sarah
Bought by
Ayala Steve
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phoenix Realty Housing Llc -- None Available
Gary Jerrell R -- None Available
Phoenix Realty Housing Llc -- None Available
Gary Jerrell R $325,000 Equity Title Agency Inc
Gomez Frank -- Security Title Agency
Gomez Frank $40,000 Security Title Agency
Deutsche Bank National Trust Company $63,200 Security Title Agency
Gibson Christopher P $265,000 Capital Title Agency Inc
Am Builders Llc $54,500 --
Buruato Angel -- Stewart Title & Trust
Gomez Frank $14,000 Stewart Title & Trust
Garcia Sarah -- --
Gomez Frank -- Stewart Title & Trust
Ayala Steve -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gary Jerrell R $227,500
Previous Owner Gibson Christopher P $212,000
Previous Owner Am Builders Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2019 08/07/19 Sold $325,000 0.0% $137 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $325,000 -- $137 / 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 $1,372 $9,659 -- --
2024 $1,279 $9,199 -- --
2023 $1,279 $31,160 $6,230 $24,930
2022 $1,234 $21,570 $4,310 $17,260
2021 $1,224 $17,950 $3,590 $14,360
2020 $1,239 $15,420 $3,080 $12,340
2019 $1,237 $14,150 $2,830 $11,320
2018 $1,216 $14,170 $2,830 $11,340
2017 $1,187 $12,230 $2,440 $9,790
2016 $1,153 $9,720 $1,940 $7,780
2015 $1,067 $8,400 $1,680 $6,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5943150

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-46-133