NOT LISTED FOR SALE

Estimated Value: $809,741

Studio
6 Baths
7,056 Sq Ft
$115/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2023

Last sale price $1,550,000 $220 Per Sq Ft

Est. 48% decrease in value since last sale

Current estimated payment $4,578 / mo

45 Days on Market

Highlights

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of April 2023

DEVELOPMENT OPPORTUNITY! Fully renovated 5 plex with great unit mix, large backyards and room to develop 2 additional large units per current zoning. Four 2 bed 1 bath units (two duplexes) and one 3 bed 2 bath SFR fully occupied grossing $8,240/mo. All units have beeb fully gutted inside and out and all systems replaced. 4 new HVAC units, all New Roofs, All new electrical panels, all new windows, and entire interiors. Over $600,000 spent on this property.

Last Agent to Sell the Property

Colby McMahon

Keller Williams Realty Phoenix License #SA679008000 Listed on: 01/17/2023

Last Buyer's Agent

Robert Johnson

RJ4Homes LLC License #BR533188000

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1969

Lot Details

  • 7,797

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Siding
  • Stucco

Parking

  • 15 Open Parking Spaces
  • 15 Parking Spaces

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • The owner pays for water
  • Tax Lot 202
  • Assessor Parcel Number 132-13-051-A

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are TBD
  • North Tempe 2 Subdivision

Building Details

  • Operating Expense $4,680
  • Gross Income $95,914
  • Net Operating Income $91,234

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,880

Year Built

Built in 1969

Lot Details

7,797 Sq Ft Lot

Listing Details

  • Cross Street: Weber and Scottsdale Rd
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-2
  • Number Of Buildings: 3
  • Year Built: 1969
  • Tax Year: 2022
  • Road Surface Type: Gravel
  • Subdivision Name: NORTH TEMPE 2
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Stucco, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 15.0
  • Total Parking Spaces: 15.0
  • General Property Description:Uncvrd Parking Spcs: 15.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Central A/C, Ceiling Fan(s)
  • Heating: Central, 2 or More Units
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:_two_ or More Units3: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: TBD
  • Additional Parcels: Yes
  • Parcel #: 132-13-051-A

Multi Family

  • Owner Pays: See Remarks, Water
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 5
  • Annual Gross Income: 95913.6
  • Property Net Operating Income: 91233.6
  • Annual Operating Expense: 4680.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 2880.0
  • Tax Book Number: 132.00
  • Tax Lot: 202

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
Nov 4, 2024
Sold by
Capital Fund Reit Llc
Bought by
Current Estimated Value
$809,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$802,500
Outstanding Balance
$789,302
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2024
Sold by
Herb Ronald
Bought by
Capital Fund Reit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2023
Closed on
Apr 3, 2023
Sold by
Colbil Investments Llc
Bought by
Mila Investing Llc
Seller's Agent
Colby McMahon
Keller Williams Realty Phoenix
Buyer's Agent
Robert Johnson
RJ4Homes LLC
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%
Views
281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,000
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2022
Sold by
Slek Haus Oz Tempe Llc
Bought by
Colbil Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
5.55%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 7, 2022
Sold by
Slek Haus Qozb 1 Llc
Bought by
Slek Haus Oz Tempe Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
5.55%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 1, 2021
Sold by
Rydlund Edward and Rydlund John E
Bought by
Slek Haus Qozb 1 Llc

Purchase Details

Closed on
Mar 3, 1999
Sold by
Rydlund John E and Rydlund Francisca Z
Bought by
Rydlund John E and Rydlund Francisca Z

Purchase Details

Closed on
Apr 27, 1998
Sold by
Gourley James C and Gourley Brigitte D
Bought by
Rydlund John and Rydlund Francisca
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
$700,000 Premier Title Agency
Ion Equities Llc $785,000 Premier Title Agency
Capital Fund Reit Llc $918,000 First National Title
Mila Investing Llc $1,550,000 Wfg National Title Insurance C
Colbil Investments Llc -- Chicago Title
Slek Haus Oz Tempe Llc -- --
Slek Haus Qozb 1 Llc $691,500 Landmark Ttl Assurance Agcy
Rydlund John E -- --
Rydlund John $85,000 Chicago Title Insurance Co
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 $802,500
Closed -- $770,000
Previous Owner Mila Investing Llc $918,000
Previous Owner Colbil Investments Llc $780,000
Previous Owner Slek Haus Oz Tempe Llc $900,000
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
04/20/2023 04/20/23 Sold $1,550,000 -3.1% $220 / Sq Ft
04/17/2023 04/17/23 Price Changed $1,599,000 0.0% $227 / Sq Ft
04/11/2023 04/11/23 Price Changed $1,599,000 0.0% $227 / Sq Ft
04/11/2023 04/11/23 For Sale $1,599,000 0.0% $227 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/14/2023 02/14/23 Price Changed $1,599,000 -5.4% $227 / Sq Ft
01/29/2023 01/29/23 Price Changed $1,690,000 -6.1% $240 / Sq Ft
01/16/2023 01/16/23 For Sale $1,800,000 -- $255 / 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 $1,581 $13,188
2024 $1,460 $12,560
2023 $1,460 $35,430 $7,080 $28,350
2022 $1,400 $27,920 $5,580 $22,340
2021 $1,410 $22,510 $4,500 $18,010
2020 $1,367 $19,970 $3,990 $15,980
2019 $1,341 $20,010 $4,000 $16,010
2018 $1,308 $15,180 $3,030 $12,150
2017 $1,269 $14,100 $2,820 $11,280
2016 $1,260 $11,280 $2,250 $9,030
2015 $1,210 $10,600 $2,120 $8,480
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6508373

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-13-051A

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