$600,000
SOLD SEP 15, 2020
-- Bed
-- Bath
3,227 Sq Ft
5,097 Sq Ft Lot

Recently Sold

$186 Per Sq Ft

2% Below List Price

2 Days on Market

Highlights

  • Heated Community Pool
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Sunnyslope High School Rated A

About This Home

As of August 2023

A truly turnkey investment at 6.9% cap rate! All units are 2-bed/2-bath! This beauty is fully occupied, completely renovated, and getting top rents ($1,250). The 2020 renovation took care of everything: new ACs, electric panels, paint, stainless appliances, quartz tops, wood-look flooring, fixtures, and all new complete kitchens and bathrooms. Downstairs units have spacious private yards and upstairs units have balconies - all with a view the mountains! The HOA covers the building exterior, community pool, and the roof. Tours upon accepted contract.

Last Agent to Sell the Property

Mark Skelpsa

HomeSmart Realty License #SA642313000 Listed on: 08/17/2020

Last Buyer's Agent

Daniel Schaffler

Compass License #BR647934000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,667

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 1 Open Parking Space
  • 5 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Utilities

  • Central Heating and Cooling System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 2
  • Assessor Parcel Number 159-14-068

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Muy Felices Casas Lt 1 20 Tr A G Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $7,217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,667

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Peoria
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3A
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: North on 19th Ave, East on Sahuaro, North on 16th Ave
  • Road Surface Type: Asphalt
  • Subdivision Name: MUY FELICES CASAS LT 1-20 TR A-G
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Central A/C
  • Heating: Individual, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:Pool2: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 159-14-068

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 7217.0

Tax Info

  • Tax Annual Amount: 1667.0
  • Tax Book Number: 159.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Sep 27, 2023
Sold by
Gagle Mark and Miller Victor
Bought by
Serenity Now Rental Llc
Seller's Agent
Daniel Schaffler
Compass
Buyer's Agent
Tomi Garringer
HomeSmart
List Price
$690,000
Sold Price
$690,000
Views
10
Current Estimated Value
$716,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,000
Avg. Annual Appreciation
1.75%

Purchase Details

Listed on
Jun 30, 2023
Closed on
Jun 22, 2023
Sold by
Sheriff Of Maricopa County
Bought by
Ridge Home Management Llc
Seller's Agent
Daniel Schaffler
Compass
Buyer's Agent
Tomi Garringer
HomeSmart
List Price
$690,000
Sold Price
$690,000
Views
10

Purchase Details

Closed on
May 4, 2023
Sold by
Sheriff Of The County Of Maricopa State
Bought by
16Th Ave Trust

Purchase Details

Listed on
Aug 17, 2020
Closed on
Sep 8, 2020
Sold by
Avdg Investments Llc
Bought by
Ridge Home Management Llc
Seller's Agent
Mark Skelpsa
HomeSmart Realty
Buyer's Agent
Daniel Schaffler
Compass
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$390,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2019
Sold by
Oc Ventures Llc
Bought by
Avdg Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2019
Sold by
One Four Seven Ventures Llc
Bought by
Oc Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2005
Sold by
Saribekyan Edgar
Bought by
Khalid Sajida P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2005
Sold by
Sekuljica Arsen
Bought by
Saribekyan Edgar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
10.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2001
Sold by
Woodbury Tamara
Bought by
Sekuljica Arsen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
7.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 1998
Sold by
Taft Nadia
Bought by
Woodbury Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 1995
Sold by
Fick Rudy and Fick Julie B
Bought by
Taft Nadia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.62%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Sheriffs Deed $56,199 None Listed On Document
Sheriffs Deed $52,000 --
Warranty Deed $600,000 Commonwealth Title Ins Co
Special Warranty Deed $360,000 Fidelity Natl Ttl Agcy Inc
Special Warranty Deed $285,000 Fidelity Natl Ttl Agcy Inc
Special Warranty Deed $272,500 Fidelity Natl Ttl Agcy Inc
Warranty Deed $380,000 Nations Direct Title
Warranty Deed $320,000 Arizona Title Agency Inc
Warranty Deed $170,000 First American Title
Warranty Deed $160,000 Fidelity Title
Warranty Deed $105,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $390,000 Commercial
Previous Owner $400,000 Commercial
Previous Owner $928,000 Commercial
Previous Owner $288,000 Commercial
Previous Owner $296,000 Purchase Money Mortgage
Previous Owner $240,000 New Conventional
Previous Owner $187,000 Unknown
Previous Owner $177,300 Unknown
Previous Owner $161,500 New Conventional
Previous Owner $152,000 New Conventional
Previous Owner $84,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $690,000 0.0% $214 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $690,000 +15.0% $214 / Sq Ft
09/15/2020 09/15/20 Sold $600,000 -2.4% $186 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $615,000 -- $191 / 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 $1,810 $14,799 -- --
2024 $1,777 $14,094 -- --
2023 $1,777 $48,780 $9,750 $39,030
2022 $1,719 $30,980 $6,190 $24,790
2021 $1,741 $25,430 $5,080 $20,350
2020 $1,698 $22,710 $4,540 $18,170
2019 $1,667 $18,680 $3,730 $14,950
2018 $1,623 $15,830 $3,160 $12,670
2017 $1,615 $15,520 $3,100 $12,420
2016 $1,585 $14,410 $2,880 $11,530
2015 $1,468 $14,260 $2,850 $11,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6118863

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-14-068