NOT LISTED FOR SALE
16 Beds
8 Baths
650 Sq Ft
1980 Built

Sale Details

Date Sold: July 9, 2021

Last sale price $1,200,000 $1,846 Per Sq Ft

17 Days on Market

About This Home

As of July 2021

Come see this incredible eight-plex on a near 1/2 acre lot in popular North Phoenix! Slump block construction with eight two bedroom units that have open floorplans, some remodeled, all very clean. Long time owner kept all in good condition but never raised rents. Check market rents for nearby two bedroom units and you'll see current rents are far below- an old cliche' but this time very true! Also each unit has it's own individual storage unit plus great onsite parking and ample street parking. Six of the units have one bathroom and two have two bathrooms. Top it off with a great North Central location that has excellent access to nearby retail, stores and freeways. No signs on property, drive-by only, please do not disturb tenants in any manner. See it today!

Last Agent to Sell the Property

Leslie Lightfoot

HomeSmart License #SA544032000 Listed on: 04/24/2021

HomeSmart

Co-Listed By

Dan Lightfoot

HomeSmart License #BR046912000

Last Buyer's Agent

Cory Mishkin

Cambridge Properties License #SA525096000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,871

Year Built

  • Built in 1980

Home Design

  • Composition Roof

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces
  • Assigned Parking

Schools

  • Desert View Elementary School
  • Royal Palm Middle School
  • Sunnyslope High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, landscaping
  • Tax Lot in escrow
  • Assessor Parcel Number 159-34-145

Community Details

Overview

  • 3 Buildings
  • 8 Units
  • Building Dimensions are Approx 151x135

Building Details

  • Operating Expense $15,575
  • Gross Income $57,440
  • Net Operating Income $41,865

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,871

Year Built

Built in 1980

Listing Details

  • Cross Street: 12TH STREET AND DUNLAP
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1980
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: cril01
  • Co List Office Phone: 602-230-7600
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, See Remarks, Slump Block
  • Roof: Composition
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 1629.0
  • Annual Water Sewer Expense: 3058.0

Schools

  • Elementary School: Desert View Elementary School
  • High School: Sunnyslope High School
  • Middle Or Junior School: Royal Palm Middle School

Lot Info

  • Lot Size: Approx 151x135
  • Additional Parcels: No
  • Parcel #: 159-34-145

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1105.0
  • Annual Gross Income: 57440.0
  • Insurance Expense: 3701.0
  • Maintenance Expense: 1731.0
  • Property Net Operating Income: 41865.0
  • Annual Operating Expense: 15575.0

Tax Info

  • Tax Annual Amount: 2871.0
  • Tax Book Number: 159.00
  • Tax Lot: in escrow

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
Aug 2, 2023
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
$1,237,500
Outstanding Balance
$1,195,963
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2023
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
$1,237,500
Outstanding Balance
$1,195,963
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2021
Closed on
Jul 8, 2021
Sold by
Bought by
Seller's Agent
Leslie Lightfoot
HomeSmart
Buyer's Agent
Cory Mishkin
Cambridge Properties
List Price
$1,199,900
Sold Price
$1,200,000
Premium/Discount to List
$100
0.008%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$881,250
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 2, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2006
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- --
$1,650,000 Pioneer Title Services
$1,175,000 Old Republic Title Agency
-- None Available
-- None Available
$190,000 Fidelity Title
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
Open $1,237,500
Previous Owner $881,250
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
07/09/2021 07/09/21 Sold $1,200,000 0.0% $1,846 / Sq Ft
04/23/2021 04/23/21 For Sale $1,199,900 -- $1,846 / Sq Ft
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 $3,180 $25,026
2024 $3,005 $23,835
2023 $3,005 $100,220 $20,040 $80,180
2022 $2,907 $69,770 $13,950 $55,820
2021 $2,945 $57,900 $11,580 $46,320
2020 $2,871 $51,110 $10,220 $40,890
2019 $2,819 $44,620 $8,920 $35,700
2018 $2,745 $37,520 $7,500 $30,020
2017 $2,731 $28,600 $5,720 $22,880
2016 $2,681 $27,630 $5,520 $22,110
2015 $2,483 $23,760 $4,750 $19,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6226255

Arizona Regional Multiple Listing Service (ARMLS)
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