$395,000
SOLD MAR 5, 2021
-- Bed
-- Bath
1,080 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$366 Per Sq Ft

15 Days on Market

Highlights

  • Central Air
  • Sunnyslope High School Rated A
  • Heating System Uses Natural Gas

About This Home

As of June 2022

NEW LISTING Phoenix 4 PLEX 100% LEASED priced to sell! NEW Roof 2018, NEW Exterior paint 2018, ALL 2bedroom/1 bath units, long term month to month tenants, BELOW market rents, easy to INCREASE rental revenue! Parking slab between front and back units for tenant parking! Individually metered electric & gas! Owner pays water, sewer & garbage, DRIVE BY ONLY Do NOT disturb tenants, iPriced BELOW comps! See Private Remarks for OFFER DEADLINE

Last Agent to Sell the Property

Janet Love

Get Multifamily License #SA668148000 Listed on: 01/28/2021

Co-Listed By

Patrick O'Sullivan

Get Multifamily License #BR634211000

Last Buyer's Agent

Herman Quinones

HQ Property Services License #BR669535000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $775

Year Built

  • Built in 1965

Home Design

  • Composition Roof
  • Block Exterior

Parking

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

Schools

  • Washington Elementary School
  • Glendale Landmark Middle School
  • Glendale High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 158-23-076-B

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 0.23

Building Details

  • Operating Expense $9,930
  • Gross Income $34,034,400
  • Net Operating Income $14,741

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$775

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: Peoria/Mountain View
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2020
  • Directions: From Peoria, take Mountain View E to property on S side of street. it's on the E side of the property 1597 B
  • Road Surface Type: Dedicated Street
  • Professional Management Expense: 2480.0
  • Co List Office Mls Id: gemu001
  • Co List Office Phone: 480-795-7938
  • Subdivision Name: Unknown
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Built-In Range, Refrigerator
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Add'l Parking Avail, On Street
  • 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 Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Electric
  • Heating: Individual, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2700.0

Schools

  • Elementary School: Washington Elementary School
  • High School: Glendale High School
  • Middle Or Junior School: Glendale Landmark Middle School

Lot Info

  • Lot Size: 0.23
  • Additional Parcels: No
  • Parcel #: 158-23-076-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 34034400.0
  • Insurance Expense: 1600.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 14741.0
  • Annual Operating Expense: 9930.0
  • Vacancy Allowance Rate: 1305.0

Tax Info

  • Tax Annual Amount: 775.0
  • Tax Book Number: 158.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 2, 2021
Sold by
Harker Celia Alves and Harker Peter
Bought by
Harker Peter and Harker Celia Alves
Seller's Agent
Janet Love
Get Multifamily
Buyer's Agent
Herman Quinones
HQ Property Services
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$509,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,362
Avg. Annual Appreciation
8.46%
Original Mortgage
$310,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2006
Sold by
Mountain View Fourplex Llc
Bought by
Nette Kathryn M and Smith Kyle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 27, 2005
Sold by
Farley Stuart M
Bought by
Mountain View Fourplex Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,040
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2005
Sold by
Farley Katherine M
Bought by
Farley Stuart M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,040
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2003
Sold by
Quantum Equity Investments Llc
Bought by
Dahl Lincoln D and Dahl Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2003
Sold by
Dahl Alene
Bought by
Dahl Lincoln D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2003
Sold by
Mee Warren H
Bought by
Quantum Equity Investments 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 Type Sale Price Title Company
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Warranty Deed $395,000 Pioneer Title Agency Inc
Warranty Deed $300,000 Chicago Title Insurance Co
Warranty Deed -- --
Warranty Deed -- --
Interfamily Deed Transfer -- --
Warranty Deed $206,300 --
Warranty Deed $165,000 Stewart Title & Tr Phoenix
Interfamily Deed Transfer -- Stewart Title & Tr Phoenix
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $310,000 Commercial
Previous Owner $240,000 Purchase Money Mortgage
Previous Owner $165,040 Purchase Money Mortgage
Previous Owner $165,040 Purchase Money Mortgage
Previous Owner $142,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2022 06/23/22 Sold $510,000 -12.1% $472 / Sq Ft
05/08/2022 05/08/22 For Sale $580,000 +46.8% $537 / Sq Ft
03/05/2021 03/05/21 Sold $395,000 0.0% $366 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
01/31/2021 01/31/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $395,000 -- $366 / 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 $826 $6,751 -- --
2024 $811 $6,430 -- --
2023 $811 $34,360 $6,870 $27,490
2022 $784 $24,210 $4,840 $19,370
2021 $794 $20,710 $4,140 $16,570
2020 $775 $18,220 $3,640 $14,580
2019 $760 $14,720 $2,940 $11,780
2018 $740 $11,160 $2,230 $8,930
2017 $737 $10,460 $2,090 $8,370
2016 $723 $9,720 $1,940 $7,780
2015 $670 $8,110 $1,620 $6,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6186633

Arizona Regional Multiple Listing Service (ARMLS)

APN: 158-23-076B