NOT LISTED FOR SALE

Estimated Value: $527,000 - $836,000

-- Bed
-- Bath
924 Sq Ft
$688/Sq Ft Est. Value

Last Sold February 03, 2012

Last sale price $102,500 $111 Per Sq Ft

Est. 505% increase in value since last sale

Current estimated payment $3,512/month

214 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heat Pump System
  • Phoenix Coding Academy Rated A

About This Home

As of February 2012

NO VISITS WITHOUT APPOINTMENT—DO NOT DISTURB TENANTS. Offered as part of a portfolio- see MLS #4602336 & 4602351. Pride of ownership property. 11.32% CAP RATE USING LIST PRICE AND 2011 YTD ACTUALS.
Pride of ownership property. Well maintained units offer tile and contemporary amenities. There is restricted access with gated entry. This fully occupied 4-plex borders downtown Phoenix in a dynamic rental sub-market. Surrounded by employment, shopping, entertainment, sports venues and the valley freeway system, this spotless income property enjoys strong historic occupancy. Also, this downtown-west rental sub-market has one of the LOWEST average vacancies in town– 6% !! Enjoy a 11.32% CAP rate with this turn-key investment.

Last Listed By

Scott Trevey

REI Marketing License #SA539099000 Listed on: 06/15/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,194

Year Built

  • Built in 1959

Lot Details

  • 6,665

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 111-27-152

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are rectangular

Building Details

  • Operating Expense $8,556
  • Gross Income $20,642
  • Net Operating Income $11,673

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,194

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Cross Street: 15th avenue and Fillmore
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-H R-5
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2010
  • Directions: 19th avenue south to Fillmore, East to property
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2064.0
  • 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: Seller Prop Disc Stm
  • Construction Type: Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit, Street Parking
  • 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:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central A/C, Heat Pump
  • 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:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: rectangular
  • Additional Parcels: No
  • Parcel #: 111-27-152

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 20642.4
  • Insurance Expense: 498.0
  • Maintenance Expense: 2400.0
  • Property Net Operating Income: 11673.0
  • Annual Operating Expense: 8555.58
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1193.58
  • Tax Book Number: 111.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2023
Sold by
Tb Fillmore 1330 Llc
Bought by
Mtb Invest Llc
Total Days on Market
214
Current Estimated Value
$619,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
6.5%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 29, 2022
Sold by
Tyler Bruggman
Bought by
Tb Fillmore 1330 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2022
Sold by
Jj Young Investors Llc
Bought by
Bruggman Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 15, 2011
Closed on
Feb 3, 2012
Sold by
Beyo Investments Iv Llc
Bought by
Jj Young Investors Llc
Seller's Agent
Scott Trevey
REI Marketing
Buyer's Agent
Jenn Woolley
My Home Group Real Estate
List Price
$115,000
Sold Price
$102,500
Premium/Discount to List
-$12,500
-10.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.74%

Purchase Details

Closed on
Jan 28, 2010
Sold by
Seanez Filiberto D and Seanez Yolanda
Bought by
Beyo Investments Iv Llc

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
Mtb Invest Llc $550,000 Driggs Title Agency
Tb Fillmore 1330 Llc -- --
Bruggman Tyler $370,000 Old Republic Title
Bruggman Tyler $370,000 Old Republic Title
Jj Young Investors Llc $102,500 Accommodation
Beyo Investments Iv Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mtb Invest Llc $24,000
Closed Mtb Invest Llc $787,500
Closed Mtb Invest Llc $675,000
Closed Mtb Invest Llc $617,500
Closed Mtb Invest Llc $495,000
Previous Owner Bruggman Tyler $277,500
Closed Mtb Invest Llc $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2012 02/03/12 Sold $102,500 -10.9% $111 / Sq Ft
01/15/2012 01/15/12 Pending -- -- --
06/15/2011 06/15/11 For Sale $115,000 -- $124 / 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 $898 $6,717 -- --
2024 $890 $6,397 -- --
2023 $890 $28,850 $5,770 $23,080
2022 $858 $20,350 $4,070 $16,280
2021 $852 $19,570 $3,910 $15,660
2020 $861 $16,220 $3,240 $12,980
2019 $860 $13,770 $2,750 $11,020
2018 $845 $12,570 $2,510 $10,060
2017 $826 $10,320 $2,060 $8,260
2016 $802 $8,550 $1,710 $6,840
2015 $742 $6,680 $1,330 $5,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4602320

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-27-152