NOT LISTED FOR SALE

1117 W Cocopah St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $333,694 - $510,000

8 Beds
-- Bath
2,520 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 25, 2017

Last sale price $170,500 $68 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $2,510/month

7 Days on Market

Highlights

  • Multiple cooling system units
  • Phoenix Coding Academy Rated A
  • Central Heating

About This Home

As of September 2017

This rare 2003 built modern structure is gated and has ample off street parking. Large 4 bedroom, 2 bath units. Low maintenance with high returns make this a turnkey opportunity for a 1st time investor all the way to an experienced investor looking for a easy keeper CASH COW! **
Easy access to ALL valley employment and entertainment centers via the I-17+ SR-60 I-10 valley freeway system.
Front unit scheduled to vacate in September so owner occupancy is possible.
Tenants are unaware of sale so please do not disturb or speak to tenants. Drive by only until accepted contract.
Buyer to verify all facts/figures/statements and any items of concern during due diligence period.

Last Agent to Sell the Property

Lloyd Kaipainen

Better Homes & Gardens Real Estate SJ Fowler License #BR517153000 Listed on: 08/19/2017

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Tonya Nord

AZ Equity Properties License #BR644394000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,055

Year Built

  • Built in 2003

Lot Details

  • 6,403

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Multiple cooling system units
  • Central Heating
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 9 / 2
  • Assessor Parcel Number 105-33-061

Community Details

Overview

  • 2 Units
  • Building Dimensions are 6411
  • Gilbert Square Subdivision

Building Details

  • Operating Expense $4,535
  • Gross Income $18,240
  • Net Operating Income $11,517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,055

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Cross Street: 11th Ave and I-17 access Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Year Built: 2003
  • Tax Year: 2016
  • Directions: From I-17/SR-60 Frontage Road drive North on 11th Avenue to W Cocopah St. Drive West on W Cocopah St. Property is on the left hand side.
  • Road Surface Type: Asphalt, Concrete
  • Subdivision Name: GILBERT SQUARE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Individual, Heat Pump, Electric
  • Heating: Individual, Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1680.0

Lot Info

  • Lot Size: 6411
  • Additional Parcels: No
  • Parcel #: 105-33-061

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 18240.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 11517.0
  • Annual Operating Expense: 4535.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1055.0
  • Tax Block: 2
  • Tax Book Number: 105.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2017
Closed on
Sep 21, 2017
Sold by
Staton Dawn
Bought by
Cruz Jaime Cabrera
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Tonya Nord
AZ Equity Properties
List Price
$185,000
Sold Price
$170,500
Premium/Discount to List
-$14,500
-7.84%
Current Estimated Value
$456,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,174
Avg. Annual Appreciation
12.44%
Original Mortgage
$127,875
Outstanding Balance
$108,304
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$327,242

Purchase Details

Listed on
Apr 10, 2013
Closed on
May 2, 2013
Sold by
Roira Investments Llc
Bought by
Staton Dawn
Seller's Agent
David Lee
Arizona Estate Investors
Buyer's Agent
Kelley Scholtes
Prestige Realty
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.55%
Original Mortgage
$108,007
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 2009
Sold by
Suntrust Mortgage Inc
Bought by
Roira Investments Llc

Purchase Details

Closed on
Mar 3, 2008
Sold by
Cook Hayward
Bought by
Suntrust Mortgage Inc and Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jul 6, 2005
Sold by
Colbert Cyprians and Colbert Ruby B
Bought by
Cook Hayward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 5, 2005
Sold by
Cook Jennifer
Bought by
Cook Hayward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 23, 2004
Sold by
Colbert Ruby B
Bought by
Colbert Cyprian and Colbert Ruby B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,950
Interest Rate
6.27%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 9, 2004
Sold by
Colbert Cyprian
Bought by
Colbert Ruby B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,950
Interest Rate
6.27%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 8, 2004
Sold by
Key Investment Properties Inc
Bought by
Colbert Ruby B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,950
Interest Rate
6.27%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 10, 2004
Sold by
Danto Real Estate Investment Inc
Bought by
Key Investment Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2002
Sold by
Monteilh Charles
Bought by
Danto Real Estate Investment Inc

Purchase Details

Closed on
Aug 28, 2002
Sold by
Bonillas Erma and Monteilh Erma
Bought by
Monteilh Charles
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Cruz Jaime Cabrera $170,500 Chicago Title Agency Inc
Staton Dawn $110,000 Equity Title Agency Inc
Roira Investments Llc $52,000 Chicago Title Insurance Comp
Suntrust Mortgage Inc $210,935 First American Title
Cook Hayward $257,500 Security Title Agency Inc
Cook Hayward -- Security Title Agency Inc
Colbert Cyprian -- --
Colbert Ruby B -- Security Title Agency
Colbert Ruby B $204,750 Security Title Agency
Key Investment Properties Inc $165,000 Security Title Agency
Danto Real Estate Investment Inc $13,500 Fidelity National Title
Monteilh Charles -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Jaime Cabrera $127,875
Previous Owner Staton Dawn $108,007
Previous Owner Cook Hayward $50,000
Previous Owner Cook Hayward $200,000
Previous Owner Cook Hayward $200,000
Previous Owner Colbert Ruby B $40,950
Previous Owner Colbert Ruby B $163,800
Previous Owner Colbert Ruby B $163,800
Previous Owner Key Investment Properties Inc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2017 09/25/17 Sold $170,500 -7.8% $68 / Sq Ft
08/26/2017 08/26/17 Pending -- -- --
08/19/2017 08/19/17 For Sale $185,000 +68.2% $73 / Sq Ft
05/13/2013 05/13/13 Sold $110,000 -8.3% $44 / Sq Ft
04/15/2013 04/15/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $120,000 -- $48 / 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 $1,181 $8,834 -- --
2024 $1,170 $8,413 -- --
2023 $1,170 $30,530 $6,100 $24,430
2022 $1,128 $21,560 $4,310 $17,250
2021 $1,120 $17,720 $3,540 $14,180
2020 $1,133 $15,130 $3,020 $12,110
2019 $1,131 $14,010 $2,800 $11,210
2018 $1,112 $14,070 $2,810 $11,260
2017 $1,086 $12,020 $2,400 $9,620
2016 $1,055 $9,510 $1,900 $7,610
2015 $976 $8,200 $1,640 $6,560
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
  • Tonya Nord

    Buyer's Agent in 2017

    Tonya Nord

    AZ Equity Properties

    (480) 399-2974

    25 Total Sales

    Tonya Nord
    Section Image

  • D

    Seller's Agent in 2013

    David Lee

    Arizona Estate Investors

    (623) 521-4009

    14 Total Sales

    David Lee
    Section Image
  • Kelley Scholtes

    Buyer's Agent in 2013

    Kelley Scholtes

    Prestige Realty

    (602) 944-2100

    22 Total Sales

    Kelley Scholtes
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5649093

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-33-061

Arizona Maricopa County Phoenix 85007 Central City

1117 W Cocopah St, Phoenix, AZ

This home is located at 1117 W Cocopah St, Phoenix, AZ 85007 since 19 August 2017 and is currently estimated at $456,674, approximately $181 per square foot. This property was built in 2003. 1117 W Cocopah St is a home located in Maricopa County with nearby schools including Mary Mcleod Bethune School, Phoenix Coding Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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