$525,000
SOLD JUL 13, 2022
-- Bed
-- Bath
1,664 Sq Ft
1983 Built

Recently Sold

$316 Per Sq Ft

19% Below List Price

44 Days on Market

Highlights

  • Central Air
  • Carpet
  • 5-minute walk to Alkire Park
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of July 2022

4 plex located at 19th Ave and Buckeye. Fresh exterior repaint. and #1. #2, 3, 4 all repainted in last 18 months. Central AC installed 2018--Filters changed every 60 days. All units are one 1 bed/1 bath with stove and fridge included with all leases. All tenants are current on rent for April 2022 and pay a 1/4 share of the water, sewer, trash bill from City of Phoenix. Electric is individually metered. Well maintained unit with great maintenance records and 3-12 months left on all leases. Average rent is $903 per unit for a net cap rate over 6%!

Last Agent to Sell the Property

Jennie Miller PLLC

Market Edge Realty, LLC License #BR638404000 Listed on: 04/09/2022

Last Buyer's Agent

Matthew Potter

Real Broker License #SA647555000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 105-04-001

Community Details

Overview

  • 4 Units
  • Building Dimensions are UNK

Building Details

  • Operating Expense $2,018
  • Gross Income $42,911
  • Net Operating Income $42,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$818

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 17TH AVE AND BUCKEYE. SOUTH ON 17TH AVE
  • Property Type: Multiple Dwellings
  • Zoning: 4-PLEX
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2021
  • Directions: TO PROPERTY. PROPERTY ON N/W CORNER OF 17TH AVE AND BUCKEYE.
  • Road Surface Type: Asphalt
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • 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: 1 Space/Unit
  • 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

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks, Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 105-04-001

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 42910.56
  • Property Net Operating Income: 42088.0
  • Annual Operating Expense: 2018.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 818.0
  • Tax Book Number: 105.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2012
Sold by
Foreclosure Assistance Company
Bought by
Oregon Cascade Properties Llc

Purchase Details

Closed on
Oct 15, 2010
Sold by
Stathos Steve G
Bought by
Foreclosure Assistance Company

Purchase Details

Closed on
Nov 10, 2005
Sold by
Stathos Steve G
Bought by
Steveenterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 1, 2002
Sold by
Stathos Steve and Wolfe Mary
Bought by
Steveenterprises Llc

Purchase Details

Closed on
Dec 28, 2001
Sold by
Stathos Steve
Bought by
Wolfe Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 4, 2001
Sold by
Wolfe Mary
Bought by
Stathos Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 13, 2001
Sold by
Saunders Ronald O and Saunders Frances E
Bought by
Wolfe Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 3, 2001
Sold by
Robayo Alexander R and Robayo Melida L
Bought by
Saunders Ronald O and Saunders Frances E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,300
Interest Rate
7.65%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Cash Sale Deed $68,000 Old Republic Title Agency
Trustee Deed $21,201 None Available
Warranty Deed -- Land Title Agency Of Az Inc
Warranty Deed -- Land Title Agency Of Az Inc
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- Transnation Title Insurance
Warranty Deed $90,000 Transnation Title Insurance
Warranty Deed $75,900 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $12,386 FHA
Closed $16,451 FHA
Open $80,000 Unknown
Previous Owner $120,000 Fannie Mae Freddie Mac
Previous Owner $81,000 Seller Take Back
Previous Owner $68,300 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 Price Changed $523,900 -3.0% --
07/04/2025 07/04/25 For Sale $539,900 +2.8% --
07/13/2022 07/13/22 Sold $525,000 0.0% $316 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/19/2022 05/19/22 Pending -- -- --
05/16/2022 05/16/22 Price Changed $525,000 -4.5% $316 / Sq Ft
05/06/2022 05/06/22 Price Changed $549,900 -8.2% $330 / Sq Ft
05/02/2022 05/02/22 Price Changed $599,000 -7.8% $360 / Sq Ft
04/25/2022 04/25/22 For Sale $649,900 +23.8% $391 / Sq Ft
04/19/2022 04/19/22 Off Market $525,000 -- --
04/09/2022 04/09/22 For Sale $725,000 -- $436 / 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 $846 $6,709 -- --
2024 $805 $6,389 -- --
2023 $805 $25,260 $5,050 $20,210
2022 $772 $18,070 $3,610 $14,460
2021 $818 $14,960 $2,990 $11,970
2020 $790 $12,260 $2,450 $9,810
2019 $781 $10,700 $2,140 $8,560
2018 $766 $9,420 $1,880 $7,540
2017 $736 $9,370 $1,870 $7,500
2016 $747 $7,510 $1,500 $6,010
2015 $696 $6,310 $1,260 $5,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6383201

Arizona Regional Multiple Listing Service (ARMLS)

APN: 105-04-001