NOT LISTED FOR SALE

Estimated Value: $953,000 - $1,152,000

-- Bed
-- Bath
3,240 Sq Ft
$330/Sq Ft Est. Value

Last Sold September 12, 2022

Last sale price $987,500 $305 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,012/month

20 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating Available

About This Home

As of September 2022

Very Rare Opportunity: This Four Plex is located in Flagstaff. Great unit mix, 2/1, (townhome style set up) Value add opportunity, below market rents, STR play. MTM Tenants. Property is as-is.

Last Agent to Sell the Property

Daniel Papin

W and Partners, LLC License #SA684875000 Listed on: 06/17/2022

W and Partners, LLC

Last Buyer's Agent

Rosa Jo Leonardis

Da Vinci Realty, LLC License #SA646837000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1978

Lot Details

  • 0.31

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Tax Lot 1
  • Assessor Parcel Number 107-05-018-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 0.311
  • Sunnyside Farms Subdivision

Building Details

  • Operating Expense $7,482
  • Gross Income $48,000
  • Net Operating Income $40,518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,382

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: N Center St & E Johnson Ave
  • Legal Info Range: 07E
  • Property Type: Multiple Dwellings
  • Zoning: residential
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1978
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: SUNNYSIDE FARMS
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Other
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other
  • Heating:Electric: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 5100.0

Schools

  • Junior High Dist: Fort Huachuca Accommodation District

Lot Info

  • Lot Size: 0.311
  • Additional Parcels: No
  • Parcel #: 107-05-018-A

Multi Family

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 48000.0
  • Property Net Operating Income: 40518.0
  • Annual Operating Expense: 7482.0

Tax Info

  • Tax Annual Amount: 2382.0
  • Tax Book Number: 107.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 24, 2022
Sold by
Ray Dewey And Rosemary Ann Palmer Family
Bought by
1 Hunter Llc and 1 Lake Llc
Seller's Agent
Daniel Papin
W and Partners, LLC
Buyer's Agent
Rosa Jo Leonardis
Da Vinci Realty, LLC
List Price
$1,075,000
Sold Price
$987,500
Premium/Discount to List
-$87,500
-8.14%
Current Estimated Value
$1,070,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,543
Avg. Annual Appreciation
3.42%
Original Mortgage
$740,000
Outstanding Balance
$707,806
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$384,551

Purchase Details

Closed on
May 7, 2020
Sold by
Palmer Ray D and Palmer Rosemary Ann
Bought by
Palmer Ray Dewey and Palmer Rosemary Ann
Source: Public Records

Range of Values:

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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
1 Hunter Llc $987,500 Lawyers Title
Palmer Ray Dewey -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1 Hunter Llc $740,000
Previous Owner Palmer Ray D $81,135
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $987,500 -8.1% $305 / Sq Ft
06/17/2022 06/17/22 For Sale $1,075,000 -- $332 / 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 $2,714 $55,669 -- --
2024 $2,714 $50,122 -- --
2023 $2,450 $40,420 $0 $0
2022 $2,450 $39,856 $0 $0
2021 $2,382 $38,097 $0 $0
2020 $2,316 $37,135 $0 $0
2019 $2,272 $32,817 $0 $0
2018 $2,210 $30,657 $0 $0
2017 $2,078 $28,814 $0 $0
2016 $2,067 $22,859 $0 $0
2015 $1,946 $20,565 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6419524

Arizona Regional Multiple Listing Service (ARMLS)

APN: 107-05-018A