NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
1946 Built

Last Sold October 08, 2019

Last sale price $297,000

98 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of October 2019

GREAT INVESTMENT opportunity to own a multi-dwelling subdivision with low upkeep costs and over 10% CAP Rate. This four-plex is gated and has a desirable off-main-street location, making it unique and quiet. All four tenants are reliable and long term subsidized. There are several employment centers and opportunities nearby, meaning plenty of jobs in the area for tenants. Current monthly rental breakdown: 1 bedroom $850, 1 bedroom $850, 2 bedroom $950, 3 bedroom $1050. Don't miss out on this investment!!!

Last Agent to Sell the Property

Tiffany Beard

Berkshire Hathaway HomeServices Arizona Properties License #BR659506000 Listed on: 05/13/2019

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Kim Penn

Coldwell Banker Realty License #SA683456000

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $606

Year Built

  • Built in 1946

Home Design

  • Block Exterior
  • Stucco

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Schools

  • J B Sutton Elementary School
  • Carl Hayden High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, trash collection, water, sewer, landscaping
  • Legal Lot and Block 16 / 5
  • Assessor Parcel Number 109-58-098

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7375
  • Tierra Verde Subdivision

Building Details

  • Operating Expense $7,456
  • Gross Income $444,000
  • Net Operating Income $15,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$606

Year Built

Built in 1946

Listing Details

  • Cross Street: BUCKEYE & 33RD AVE
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: TIERRA VERDE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS, Individual Meter, None
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1934.0

Schools

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

Lot Info

  • Lot Size: 7375
  • Additional Parcels: Yes
  • Parcel #: 109-58-098

Multi Family

  • Owner Pays: Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 3978.0
  • Annual Gross Income: 444000.0
  • Insurance Expense: 938.0
  • Property Net Operating Income: 15750.0
  • Annual Operating Expense: 7456.0

Tax Info

  • Tax Annual Amount: 606.0
  • Tax Block: 5
  • Tax Book Number: 109.00
  • Tax Lot: 16
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2019 10/08/19 Sold $297,000 -6.9% --
08/19/2019 08/19/19 Pending -- -- --
08/16/2019 08/16/19 Price Changed $319,000 -4.8% --
07/05/2019 07/05/19 Price Changed $335,000 -1.5% --
05/13/2019 05/13/19 For Sale $340,000 -- --
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 $665 $5,315 -- --
2024 $638 $5,062 -- --
2023 $638 $29,420 $5,880 $23,540
2022 $612 $20,010 $4,000 $16,010
2021 $648 $17,760 $3,550 $14,210
2020 $626 $14,520 $2,900 $11,620
2019 $619 $12,120 $2,420 $9,700
2018 $606 $10,750 $2,150 $8,600
2017 $583 $8,920 $1,780 $7,140
2016 $592 $6,260 $1,250 $5,010
2015 $551 $5,610 $1,120 $4,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5925071

Arizona Regional Multiple Listing Service (ARMLS)
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