NOT LISTED FOR SALE

1405 N French St Casa Grande, AZ 85122

Estimated Value: $506,000 - $604,969

-- Bed
6 Baths
1,036 Sq Ft
$536/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $622,000 $600 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,042/month

1 Day on Market

About This Home

As of January 2022

INVESTORS ONLY. Great opportunity for an investor to own a 6-Plex in Casa Grande. All 6 units are fully leased with applications on file and formal leases in place with tenants who have had background and credit checks. Monthly gross rental income is $4,030/month between the 6 units. Qty 5 two bedroom/one bathroom units (a triplex and a duplex) and one stand alone studio/one bathroom unit. * New roof on all three buildings completed November, 2019. Granite landscaping added in 2020. New exterior paint on the exterior of all three buildings as well as the interior walls surrounding the property completed November, 2021. 4 of the 6 units have been updated. The remaining 2 units have had long term tenants and can be updated upon move out giving Buyer an opportunity for more income.

Last Agent to Sell the Property

Jennifer Bell

Lux Home Realty Brokerage Email: jbell@luxhomerealtyaz.com License #BR552530000 Listed on: 11/28/2021

Last Buyer's Agent

Braden Batchelor

eXp Realty License #SA678741000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,778

Year Built

  • Built in 1963

Lot Details

  • 0.32

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Private Water Source

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 8 / B
  • Assessor Parcel Number 504-19-058

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Building Dimensions are 100 x 140
  • Mcmurray Subdivision

Building Details

  • Operating Expense $5,914
  • Gross Income $48,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,778

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: French St. & McMurray Blvd.
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: McMURRAY SUBDIVISION
  • Roofing:Composition: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: On Street
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Window/Wall Unit
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 3031.92
  • Annual Water Sewer Expense: 1103.99

Schools

  • Junior High Dist: Casa Grande Union High School District

Lot Info

  • Lot Size: 100 x 140
  • Additional Parcels: No
  • Parcel #: 504-19-058

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 6
  • Annual Gross Income: 48360.0
  • Annual Operating Expense: 5913.91

Tax Info

  • Tax Annual Amount: 1778.0
  • Tax Block: B
  • Tax Book Number: 504.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2021
Closed on
Jan 21, 2022
Sold by
Tang Zhizhong and Zhang Sushu
Bought by
Hayden B Holdings Llc
Seller's Agent
Jennifer Bell
Lux Home Realty
Buyer's Agent
Braden Batchelor
eXp Realty
List Price
$599,000
Sold Price
$622,000
Premium/Discount to List
$23,000
3.84%
Current Estimated Value
$555,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,515
Avg. Annual Appreciation
-2.98%
Original Mortgage
$408,999
Outstanding Balance
$377,483
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$178,002

Purchase Details

Listed on
Jul 4, 2019
Closed on
Sep 6, 2019
Sold by
Casa Mhp Llc
Bought by
Tang Zhizhong and Zhang Sushu
Seller's Agent
David Schlagel
ROX Real Estate
Buyer's Agent
Jennifer Bell
Lux Home Realty
List Price
$245,000
Sold Price
$237,000
Premium/Discount to List
-$8,000
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.74%

Purchase Details

Closed on
Aug 27, 2015
Sold by
Casa Grande Mobile Ranch Investors Limit
Bought by
Casa Mhp Llc
Source: Public Records

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
Hayden B Holdings Llc $622,000 New Title Company Name
Tang Zhizhong $237,500 Premier Title Agency
Casa Mhp Llc $1,800,000 Stewart Title & Trust Phoeni
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayden B Holdings Llc $408,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2022 01/31/22 Sold $622,000 +3.8% $600 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
11/28/2021 11/28/21 For Sale $599,000 0.0% $578 / Sq Ft
02/24/2020 02/24/20 Rented $670 0.0% --
02/17/2020 02/17/20 Under Contract -- -- --
02/08/2020 02/08/20 For Rent $670 0.0% --
09/13/2019 09/13/19 Sold $237,000 -3.3% $229 / Sq Ft View Prior Sale
07/12/2019 07/12/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $245,000 -- $236 / 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 $1,615 $23,568 -- --
2024 $1,622 $23,877 -- --
2023 $1,647 $17,937 $1,400 $16,537
2022 $1,622 $12,049 $1,400 $10,649
2021 $1,778 $12,007 $0 $0
2020 $1,694 $11,818 $0 $0
2019 $1,613 $11,428 $0 $0
2018 $1,599 $11,172 $0 $0
2017 $1,559 $10,725 $0 $0
2016 $1,466 $9,220 $1,400 $7,820
2014 $1,418 $9,220 $1,400 $7,820
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bell

    Seller's Agent in 2022

    Jennifer Bell

    Lux Home Realty

    (480) 688-9948

    1 in this area

    49 Total Sales

    Jennifer Bell
    Section Image
  • Braden Batchelor

    Buyer's Agent in 2022

    Braden Batchelor

    eXp Realty

    (480) 839-6600

    2 in this area

    44 Total Sales

    Braden Batchelor
    Section Image
  • Tyler Blair

    Buyer Co-Listing Agent in 2022

    Tyler Blair

    eXp Realty

    (480) 291-4478

    17 in this area

    1,204 Total Sales

    Tyler Blair
    Section Image

  • C

    Seller's Agent in 2020

    Carolyn Fiedler

    Lux Home Realty

  • D

    Seller's Agent in 2019

    David Schlagel

    ROX Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6325865

Arizona Regional Multiple Listing Service (ARMLS)

APN: 504-19-058

Arizona Pinal County Casa Grande 85122

1405 N French St, Casa Grande, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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