NOT LISTED FOR SALE

Estimated Value: $402,000 - $639,000

Studio
-- Bath
1,824 Sq Ft
$273/Sq Ft Est. Value

Last Sold October 08, 2018

Last sale price $235,000 $129 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $2,649/month

15 Days on Market

Highlights

  • RV or Boat Parking
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring

About This Home

As of October 2018

Great Four-plex with 100 % occupancy. Cash flow immediately! Don't miss this investor opportunity - units are all currently rented. Brand new roof just installed on the property. There are two 2-bedroom 1-bath units, and two 1-bedroom 1-bath units. All units are individually metered for electricity - landlord pays for water,trash & sewer. There are 5 paved uncovered parking spaces at front of building. Gate access to additional unpaved space rear of building, which can be used for parking, or to add gated patios to increase the value. Near I-10, I-17, and downtown; walking distance to school and supermarkets. ~8 % CAP/ROI. No Showings, do not disturb the Tenants

Last Agent to Sell the Property

Monica Coker

HomeSmart License #SA641419000 Listed on: 09/06/2018

HomeSmart

Last Buyer's Agent

David Montaner

A.Z. & Associates License #SA654828000

A.Z. & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $659

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Paved Parking
  • RV or Boat Parking
  • Assigned Parking

Schools

  • William R Sullivan Elementary School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 109-40-004-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70X122
  • Prosperity Park Subdivision

Building Details

  • Operating Expense $5,689
  • Gross Income $24,888
  • Net Operating Income $18,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$659

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 31st Ave and Jefferson
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2017
  • Subdivision Name: PROSPERITY PARK
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: RV Access/Parking, Other, Paved, Assigned, Add'l Parking Avail, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit
  • 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:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Trash Expense: 1280.0
  • Annual Water Sewer Expense: 2000.0

Schools

  • Elementary School: William R Sullivan Elementary School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: William R Sullivan Elementary School

Lot Info

  • Lot Size: 70X122
  • Additional Parcels: No
  • Parcel #: 109-40-004-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 24888.0
  • Insurance Expense: 950.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 18887.0
  • Annual Operating Expense: 5689.0

Tax Info

  • Tax Annual Amount: 659.0
  • Tax Block: 1
  • Tax Book Number: 109.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Oct 1, 2018
Sold by
Coker Eduardo L and Coker Monica
Bought by
Eklove Richard and Eklove Yiming
Seller's Agent
Monica Coker
HomeSmart
Buyer's Agent
David Montaner
A.Z. & Associates
List Price
$244,500
Sold Price
$235,000
Premium/Discount to List
-$9,500
-3.89%
Current Estimated Value
$498,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,009
Avg. Annual Appreciation
10.82%

Purchase Details

Closed on
Jan 16, 2015
Sold by
Thacker Jack
Bought by
Coker Eduardo L and Coker Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2011
Sold by
Ldw Properties Llc
Bought by
The Jennifer Allansmith Special Needs Tr

Purchase Details

Closed on
Sep 16, 2010
Sold by
Harbor Investment Grouop
Bought by
Ldw Properties Llc and Soebbing Martin

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
4.45%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 2009
Sold by
U S Bank National Association
Bought by
Harbor Investment Group

Purchase Details

Closed on
Aug 15, 2006
Sold by
Mcnaughton Harold D and Mcnaughton Deborah
Bought by
Aramburo Nolberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
9.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2005
Sold by
Glover Jim and Glover Linda
Bought by
Mcnaughton Harold D and Mcnaughton Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2003
Sold by
Neighborhood Investment Properties Llc
Bought by
Glover Jim and Glover Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2002
Sold by
Cason T Esther
Bought by
Avery Mark A and Gonzalez Hermila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2000
Sold by
Kelly Kenneth
Bought by
Cason T Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
8.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 1997
Sold by
Diaz Guadalupe and Diaz Bertha
Bought by
Kelly Kenneth
Source: Public Records
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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
Eklove Richard $235,000 Equity Title Agency Inc
Coker Eduardo L $139,000 North American Title Company
The Jennifer Allansmith Special Needs Tr $66,000 Fidelity Natl Title Ins Co
Ldw Properties Llc $60,000 American Title Service Agenc
Harbor Investment Group $40,000 Great American Title Agency
Aramburo Nolberto $265,000 Premier Title Group Maricopa
Mcnaughton Harold D $243,000 Transnation Title
Glover Jim $129,000 Ticor Title Agency Of Az Inc
Avery Mark A $115,000 Old Republic Title Agency
Cason T Esther $85,000 Capital Title Agency
Kelly Kenneth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coker Eduardo L $104,250
Previous Owner Ldw Properties Llc $50,000
Previous Owner Aramburo Nolberto $238,500
Previous Owner Mcnaughton Harold D $194,400
Previous Owner Glover Jim $103,200
Previous Owner Avery Mark A $103,500
Previous Owner Cason T Esther $68,000
Closed Mcnaughton Harold D $36,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2026 01/02/26 Off Market $235,000 -- --
10/08/2018 10/08/18 Sold $235,000 -2.0% $129 / Sq Ft
09/19/2018 09/19/18 Price Changed $239,900 -1.9% $132 / Sq Ft
09/06/2018 09/06/18 For Sale $244,500 +75.9% $134 / Sq Ft
08/12/2015 08/12/15 Sold $139,000 -4.1% $76 / Sq Ft View Prior Sale
06/19/2015 06/19/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $144,900 -- $79 / 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 $751 $6,003 -- --
2024 $720 $5,718 -- --
2023 $720 $26,430 $5,280 $21,150
2022 $691 $17,870 $3,570 $14,300
2021 $732 $15,600 $3,120 $12,480
2020 $707 $13,160 $2,630 $10,530
2019 $699 $11,150 $2,230 $8,920
2018 $685 $8,930 $1,780 $7,150
2017 $659 $8,610 $1,720 $6,890
2016 $668 $6,610 $1,320 $5,290
2015 $623 $5,710 $1,140 $4,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5816642

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-40-004A