NOT LISTED FOR SALE

Estimated Value: $376,000 - $930,910

Studio
-- Bath
1,232 Sq Ft
$630/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2021

Last sale price $840,000 $682 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,617 / mo

1 Day on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of November 2021

This is a great investment opportunity to purchase a 4-unit property that consists of four separate homes. CASH COW!!!! Each home is four bedrooms, two bathrooms with tile downstairs and carpeting upstairs. Each unit has a two car carport and separate large backyards with block wall fences. Washer and dryer and all kitchen appliances are included with each unit. All Leases are Month to Month and Rents need to be raised on this Value Add Opportunity. Current rents are below market value but can be increased with 30 day notice to tenant. Rents should be at $1500 or higher for these homes which would be a 7.5% PLUS CAP RATE! Don't Miss Out on this Unique Property & Opportunity!

Last Agent to Sell the Property

Jake Allen

Tradelands Realty License #SA569290000 Listed on: 10/27/2021

Last Buyer's Agent

Rustin Randall

Hub Realty License #BR542413000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,963

Year Built

  • Built in 2006

Lot Details

  • 0.51

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Carport
  • Over 1 Space Per Unit

Schools

  • J B Sutton Elementary School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 109-06-070-A

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 21995
  • North Willow Square Plat 2 Subdivision

Building Details

  • Operating Expense $8,700
  • Gross Income $55,290
  • Net Operating Income $49,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,963

Year Built

Built in 2006

Lot Details

0.51 Acres

Listing Details

  • Cross Street: 27th Ave and Van Buren Street
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 2006
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2500.0
  • Subdivision Name: NORTH WILLOW SQUARE PLAT 2
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: J B Sutton Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 21995
  • Additional Parcels: No
  • Parcel #: 109-06-070-A

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 55290.0
  • Insurance Expense: 2500.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 49500.0
  • Annual Operating Expense: 8700.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 3963.0
  • Tax Book Number: 109.00
  • Tax Lot: A

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2026
Sold by
Bought by
Current Estimated Value
$776,478

Purchase Details

Listed on
Oct 27, 2021
Closed on
Nov 4, 2021
Sold by
Bought by
Seller's Agent
Jake Allen
Tradelands Realty
Buyer's Agent
Rustin Randall
Hub Realty
List Price
$849,900
Sold Price
$840,000
Premium/Discount to List
-$9,900
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.65%

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 13, 2020
Sold by
Bought by
Seller's Agent
Jason Sellers
AXIS Real Estate
Buyer's Agent
Jake Allen
Tradelands Realty
List Price
$575,000
Sold Price
$555,000
Premium/Discount to List
-$20,000
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.63%
Original Mortgage
$544,947
Interest Rate
0.031%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 13, 2017
Sold by
Bought by

Purchase Details

Listed on
Jul 24, 2016
Closed on
Oct 15, 2016
Sold by
Bought by
Seller's Agent
Michael Van Vleck
Denali Real Estate, LLC
Buyer's Agent
Dawn Ugorek
HomeSmart
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$365,000
Interest Rate
0.035%
Mortgage Type
VA

Purchase Details

Closed on
Oct 29, 2014
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,750
Interest Rate
0.0631%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2006
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
0.0887%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$840,000 Pioneer Title Agency Inc
$555,000 Empire West Title Agency Llc
-- None Available
$365,000 Magnus Title Agency
-- None Available
$184,000 American Title Service Agenc
$230,000 American Title Service Agenc
$240,000 None Available
$301,500 Lsi Title Agency
$483,000 None Available
-- None Available
$596,000 Capital Title Agency Inc
$161,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $544,947
Previous Owner $365,000
Previous Owner $240,750
Previous Owner $460,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2021 11/09/21 Sold $840,000 -1.2% $682 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $849,900 +53.1% $690 / Sq Ft
07/02/2020 07/02/20 Sold $555,000 -3.5% $450 / Sq Ft View Prior Sale
05/22/2020 05/22/20 For Sale $575,000 +57.5% $467 / Sq Ft
10/31/2016 10/31/16 Sold $365,000 -2.7% $296 / Sq Ft View Prior Sale
10/06/2016 10/06/16 Price Changed $375,000 0.0% $304 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
08/12/2016 08/12/16 Pending -- -- --
08/03/2016 08/03/16 For Sale $375,000 0.0% $304 / Sq Ft
07/29/2016 07/29/16 Pending -- -- --
07/25/2016 07/25/16 Price Changed $375,000 -90.0% $304 / Sq Ft
07/24/2016 07/24/16 For Sale $3,750,300 0.0% $3,044 / Sq Ft
09/07/2012 09/07/12 Rented $750 0.0% --
08/31/2012 08/31/12 Under Contract -- -- --
08/29/2012 08/29/12 For Rent $750 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,239 $26,095
2024 $4,169 $24,852
2023 $4,169 $56,050 $11,210 $44,840
2022 $3,976 $42,580 $8,510 $34,070
2021 $3,963 $42,710 $8,540 $34,170
2020 $3,891 $37,020 $7,400 $29,620
2019 $3,822 $36,000 $7,200 $28,800
2018 $3,829 $36,130 $7,220 $28,910
2017 $3,807 $36,030 $7,200 $28,830
2016 $3,687 $34,120 $6,820 $27,300
2015 $3,411 $27,680 $5,530 $22,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6312639

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-06-070A

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