$460,000
SOLD OCT 15, 2021
-- Bed
-- Bath
1,453 Sq Ft
10,759 Sq Ft Lot

Recently Sold

$317 Per Sq Ft

8% Below List Price

11 Days on Market

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating System Uses Natural Gas

About This Home

As of October 2021

Excellent investment opportunity with no HOA! Corner lot, low maintenance triplex with slump block all around in great location. One 1 bed, 1 bath and two 2 bed 1 bath units. All units occupied with long term renters but with no current lease. New owner can get new leases signed and raise rents to market value. All tile flooring with private yards for each unit. Large lot in great location with covered parking, laundry room and storage rooms. Tenants pay gas and electric for their unit, owner pays water and small electric bill for the laundry room (avg $120 and $25 per month).

Last Agent to Sell the Property

Stacie Whitfield

Flat List RE License #BR538018000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,054

Year Built

  • Built in 1970

Home Design

  • Built-Up Roof

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Kerr Elementary School
  • Kings Ridge Middle School
  • Westwood High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 60
  • Assessor Parcel Number 137-32-166-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 10742
  • Enchanted Village Subdivision

Building Details

  • Operating Expense $4,394
  • Gross Income $32,010
  • Net Operating Income $29,660

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,054

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Brown & Mesa Drive
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1970
  • Tax Year: 2021
  • Attribution Contact: azhomes@flatlist.com
  • Road Surface Type: Asphalt
  • Subdivision Name: ENCHANTED VILLAGE
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 3.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Carport: Yes

Utilities

  • Electric: City Electric
  • Cooling: Electric
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 1440.0

Schools

  • Elementary School: Kerr Elementary School
  • High School: Westwood High School
  • Middle Or Junior School: Kings Ridge School

Lot Info

  • Lot Size: 10742
  • Additional Parcels: No
  • Parcel #: 137-32-166-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 3
  • Electric Expense: 300.0
  • Annual Gross Income: 32010.0
  • Insurance Expense: 1000.0
  • Property Net Operating Income: 29660.0
  • Annual Operating Expense: 4393.84
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1053.84
  • Tax Book Number: 137.00
  • Tax Lot: 60

Map

Range of Values:

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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 Change Sq Ft Price
10/15/2021 10/15/21 Sold $460,000 -8.0% $317 / Sq Ft
10/01/2021 10/01/21 Price Changed $500,000 0.0% $344 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $500,000 +161.8% $344 / Sq Ft
07/24/2015 07/24/15 Sold $190,950 -2.1% $131 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $195,000 +62.5% $134 / Sq Ft
06/23/2014 06/23/14 Sold $120,000 +9.1% $83 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
12/20/2013 12/20/13 For Sale $110,000 -- $76 / Sq Ft
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 $1,054 $10,743 -- --
2024 $1,063 $10,231 -- --
2023 $1,063 $36,320 $7,260 $29,060
2022 $1,041 $27,830 $5,560 $22,270
2021 $1,054 $23,500 $4,700 $18,800
2020 $1,040 $21,380 $4,270 $17,110
2019 $972 $17,610 $3,520 $14,090
2018 $933 $15,480 $3,090 $12,390
2017 $905 $12,810 $2,560 $10,250
2016 $888 $12,160 $2,430 $9,730
2015 $835 $10,730 $2,140 $8,590
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,000 New Conventional
Previous Owner $71,200 Credit Line Revolving
Previous Owner $197,250 VA
Previous Owner $140,000 Purchase Money Mortgage
Previous Owner $226,850 Purchase Money Mortgage
Previous Owner $122,000 Unknown
Previous Owner $122,400 New Conventional
Previous Owner $108,000 New Conventional
Previous Owner $78,800 Seller Take Back
Closed $9,850 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $460,000 Old Republic Title Agency
Warranty Deed $190,950 Empire West Title Agency
Warranty Deed $175,000 Empire West Title Agency Llc
Cash Sale Deed $120,000 American Title Service Agenc
Interfamily Deed Transfer -- Camelback Title Agency Llc
Warranty Deed $302,500 Camelback Title Agency Llc
Warranty Deed $136,000 Fidelity National Title
Warranty Deed $120,000 Chicago Title Insurance Co
Warranty Deed $98,500 Chicago Title Insurance Co
Interfamily Deed Transfer -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6285798

Arizona Regional Multiple Listing Service (ARMLS)

APN: 137-32-166A