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

Sale Details

Date Sold: October 8, 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
  • Separate Meters
  • Electricity Not 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

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
Sep 15, 2020
Sold by
Bought by

Purchase Details

Listed on
May 13, 2019
Closed on
Sep 27, 2019
Sold by
Bought by
Seller's Agent
Tiffany Beard
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Kim Penn
Coldwell Banker Realty
List Price
$340,000
Sold Price
$297,000
Premium/Discount to List
-$43,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,750
Interest Rate
0.035%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2015
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
$93,750
Interest Rate
0.0381%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 18, 2015
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
$93,750
Interest Rate
0.0381%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2015
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
$93,750
Interest Rate
0.0381%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2012
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
$54,000
Interest Rate
0.0386%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2012
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
$54,000
Interest Rate
0.0386%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2012
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
$54,000
Interest Rate
0.0386%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Oct 18, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2004
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
$135,600
Interest Rate
0.0576%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 2003
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
$135,000
Interest Rate
0.056%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2003
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
$135,000
Interest Rate
0.056%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2002
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
$77,500
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2002
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
$77,500
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 1986
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 Available
$297,000 Equity Title Agency Inc
-- None Available
$125,000 Greystone Title Agency Llc
-- Greystone Title Agency Llc
-- Greystone Title Agency Llc
-- Accommodation
-- Grand Canyon Title Agency In
$74,000 Grand Canyon Title Agency In
$24,900 Great American Title
$46,471 Great American Title Agency
$169,500 Transnation Title
-- --
-- Capital Title Agency Inc
$150,000 Capital Title Agency Inc
-- Capital Title Agency Inc
$77,500 Capital Title Agency Inc
-- 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 $204,750
Previous Owner $93,750
Previous Owner $54,000
Previous Owner $135,600
Previous Owner $135,000
Previous Owner $77,500
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
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

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 $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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