NOT LISTED FOR SALE

Estimated Value: $440,000 - $880,000

Studio
-- Bath
-- Sq Ft
6,490 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $750,000

Est. 10% decrease in value since last sale

Current estimated payment $3,816/month

36 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Carpet

About This Home

As of June 2024

Everyone is looking for Multifamily properties right now! Here is your opportunity to purchase rentals for passive income or do the popular house hack and live in one and rent the other! Best of all this is brand new construction! This duplex has 3 bedrooms and 2 baths in both units. The property will be completely finished with window treatments, stainless steel appliances, full-sized washer & dryer, low maintenance landscaping, and much more. This is truly a turn key property, ready for you to move in tenants right away. This property is located in the downtown Phoenix area with easy access to offices, freeways, and all the entertainment and restaurants the downtown offers! Still under construction, with completion set for April, but accepting offers now.

Last Agent to Sell the Property

Richard De Luca

FSR Realty License #BR662326000 Listed on: 04/11/2024

Last Buyer's Agent

Richard De Luca

FSR Realty License #BR662326000 Listed on: 04/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $319

Year Built

  • Built in 2024

Lot Details

  • 6,490

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Carpet

Parking

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

Schools

  • Silvestre S Herrera Elementary And Middle School
  • North High School

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 20
  • Assessor Parcel Number 115-43-067

Community Details

Overview

  • 2 Units
  • Building Dimensions are 125X50
  • Lincoln Park Subdivision

Building Details

  • Operating Expense $319
  • Gross Income $52,440
  • Net Operating Income $39,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$319

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Cross Street: E Buckeye Rd and S 11th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2024
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: LINCOLN PARK
  • Cooling:Ceiling Fan(s): Yes
  • Construction:Wood Frame: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Silvestre S Herrera School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Silvestre S Herrera School

Lot Info

  • Lot Size: 125X50
  • Additional Parcels: No
  • Parcel #: 115-43-067

Multi Family

  • Owner Pays: See Remarks, Water
  • Number Of Units Total: 2
  • Annual Gross Income: 52440.0
  • Property Net Operating Income: 39540.0
  • Annual Operating Expense: 319.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 319.0
  • Tax Book Number: 115.00
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jun 7, 2024
Sold by
Rymax Development Llc
Bought by
Basfig Llc
Seller's Agent
Richard De Luca
FSR Realty
Buyer's Agent
Richard De Luca
FSR Realty
List Price
$824,900
Sold Price
$750,000
Premium/Discount to List
-$74,900
-9.08%
Views
13
Current Estimated Value
$677,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,243
Avg. Annual Appreciation
-6.02%

Purchase Details

Closed on
Dec 30, 2022
Sold by
Ohton Daniel R
Bought by
Rymax Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2022
Sold by
Ohton Sr Daniel R
Bought by
Ohton Daniel R

Purchase Details

Closed on
Oct 19, 2009
Sold by
Estate Of Maria R Ohton and Ohton Daniel R
Bought by
Ohton Daniel R
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Basfig Llc $750,000 Driggs Title Agency
Rymax Development Llc $105,000 Driggs Title Agency
Ohton Daniel R -- --
Ohton Daniel R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rymax Development Llc $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $750,000 -6.1% --
05/18/2024 05/18/24 Pending -- -- --
04/23/2024 04/23/24 Price Changed $799,000 -3.1% --
04/11/2024 04/11/24 For Sale $824,900 0.0% --
03/25/2024 03/25/24 Price Changed $824,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $3,517 $2,412 $2,412 --
2024 $319 $2,297 $2,297 --
2023 $319 $6,870 $6,870 $0
2022 $308 $3,885 $3,885 $0
2021 $306 $3,690 $3,690 $0
2020 $309 $2,490 $2,490 $0
2019 $309 $1,875 $1,875 $0
2018 $303 $1,875 $1,875 $0
2017 $296 $1,965 $1,965 $0
2016 $288 $1,785 $1,785 $0
2015 $284 $1,904 $1,904 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6676081

Arizona Regional Multiple Listing Service (ARMLS)

APN: 115-43-067