NOT LISTED FOR SALE

1422 F Ave Unit 1424 Douglas, AZ 85607

Estimated Value: $143,000 - $262,000

-- Bed
6 Baths
5,028 Sq Ft
$37/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $93,000 $18 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,054/month

20 Days on Market

About This Home

As of November 2018

This is a great investment opportunity. 4-plex apartment building. Two of the units are currently rented. The other two need some repairs to return them to a leasable condition. Unit 1 is 4 bedrooms/2 baths (3/4); Unit 2 is 3 bedrooms/1 bath; Unit 3 is 3 bedrooms/1 bath; and Unit 4 is 2 bedrooms/1 bath. Square feet of each unit is approximate. Buyer to verify square footage.

Last Agent to Sell the Property

M Christina Gomez

Douglas Realty Group License #SA585089000 Listed on: 08/14/2018

Last Buyer's Agent

Denise Machado

Abbott Realty LTD License #BR640179000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $737

Year Built

  • Built in 1961

Lot Details

  • 10,062

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Joe Carlson Elementary School
  • Apache Elementary Middle School
  • Douglas High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 4 / 127
  • Assessor Parcel Number 409-05-086-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 120,159
  • Douglas Subdivision

Building Details

  • Operating Expense $8,945
  • Gross Income $18,240
  • Net Operating Income $10,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$737

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: Rental Resident
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2017
  • Directions: F Avenue, between 14th and 15th Streets.
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 1920.0
  • Subdivision Name: DOUGLAS
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

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

Garage/Parking

  • 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Other, See Remarks
  • Heating: Natural Gas, Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 888.0
  • Annual Water Sewer Expense: 1750.0

Schools

  • Elementary School: Joe Carlson Elementary School
  • High School: Douglas High School
  • Middle Or Junior School: Apache Elementary School (Douglas)

Lot Info

  • Lot Size: 120,159
  • Additional Parcels: No
  • Parcel #: 409-05-086-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 18240.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 10032.0
  • Annual Operating Expense: 8945.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 737.0
  • Tax Block: 127
  • Tax Book Number: 409.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2019
Sold by
Cortez Juan Bautista and Cortez Patricia Maria
Bought by
American Dreams Associates Llc
Total Days on Market
20
Current Estimated Value
$184,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Outstanding Balance
$96,591
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$93,768

Purchase Details

Listed on
Aug 14, 2018
Closed on
Nov 13, 2018
Sold by
Ni Anderson Hugh and Ni Chang Jane
Bought by
Cortez Juan Bautista and Aleman De Cortez Patricia Maria
Seller's Agent
M Christina Gomez
Douglas Realty Group
Buyer's Agent
Denise Machado
Abbott Realty LTD
List Price
$98,600
Sold Price
$93,000
Premium/Discount to List
-$5,600
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%
Original Mortgage
$66,000
Interest Rate
4.7%
Mortgage Type
Unknown

Purchase Details

Listed on
Aug 14, 2018
Closed on
Oct 19, 2018
Sold by
Neveda Corporation
Bought by
Anderson Hugh
Seller's Agent
M Christina Gomez
Douglas Realty Group
Buyer's Agent
Denise Machado
Abbott Realty LTD
List Price
$98,600
Sold Price
$93,000
Premium/Discount to List
-$5,600
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
4.7%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
American Dreams Associates Llc -- Chicago Title
Cortez Juan Bautista $93,000 Pioneer Title Agency
Anderson Hugh -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open American Dreams Associates Llc $108,500
Previous Owner Cortez Juan Bautista $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $93,000 -5.7% $18 / Sq Ft
11/12/2018 11/12/18 Price Changed $98,600 0.0% $20 / Sq Ft
08/27/2018 08/27/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $98,600 -- $20 / 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
2024 $929 $12,398 $2,100 $10,298
2023 $947 $12,398 $2,100 $10,298
2022 $947 $12,398 $2,100 $10,298
2021 $950 $12,398 $2,100 $10,298
2020 $613 $0 $0 $0
2019 $664 $0 $0 $0
2018 $719 $0 $0 $0
2017 $737 $0 $0 $0
2016 $731 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M Christina Gomez

    Seller's Agent in 2018

    M Christina Gomez

    Douglas Realty Group

    (520) 227-1917

    Section Image
  • Denise Machado

    Buyer's Agent in 2018

    Denise Machado

    Abbott Realty LTD

    (520) 234-4154

    107 Total Sales

    Denise Machado
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5806369

Arizona Regional Multiple Listing Service (ARMLS)

APN: 409-05-086A

Arizona Cochise County Douglas 85607

1422 F Ave Unit 1424, Douglas, AZ

This home is located at 1422 F Ave Unit 1424, Douglas, AZ 85607 since 14 August 2018 and is currently estimated at $184,235, approximately $36 per square foot. This property was built in 1961. 1422 F Ave Unit 1424 is a home located in Cochise County with nearby schools including Joe Carlson Elementary School, Ray Borane Middle School, and Douglas High School.

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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