NOT LISTED FOR SALE

Estimated Value: $673,056 - $849,000

4 Beds
-- Bath
2,813 Sq Ft
$276/Sq Ft Est. Value

Sale Details

Date Sold: March 22, 2023

Last sale price $607,000 $216 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,385 / mo

15 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Concrete Flooring
  • Window Unit Heating System
  • Phoenix Coding Academy Rated A

About This Home

As of March 2023

Amazing investment opportunity. Fully occupied 5 plex with MAXIMUM flexibility. All 5 units are month to month with below market rent. HUGE 18,000+ SF lot zoned R-3. Build on the back of the lot while you collect rents from the front or leave property as it is and cash flow. New roof (2021) and the 2BR unit was renovated in fall of 2022 with all new flooring, bathroom and kitchen. Highly desirable neighborhood for rental properties with a central location and close to Biltmore, Arcadia, the 202 freeway, Sky Harbor, and Downtown Phoenix. So much upside on this property.

Last Agent to Sell the Property

Nathan Waite

Silverhawk Realty License #SA677376000 Listed on: 01/18/2023

Last Buyer's Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,761

Year Built

  • Built in 1950

Home Design

  • Brick Exterior Construction
  • Tile Roof
  • Stone Exterior Construction

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Creighton Elementary School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Additional Features

  • Concrete Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 120-20-030-A

Community Details

Overview

  • 5 Units
  • Building Dimensions are 60 x 305

Building Details

  • Operating Expense $10,461
  • Gross Income $39,799
  • Net Operating Income $30,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,761

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: 32nd & McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1950
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Concrete
  • Professional Management Expense: 1200.0
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stone, Brick
  • Roof: Tile

Garage/Parking

  • Parking Features: <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0

Utilities

  • Electric: City Electric
  • Cooling: Window/Wall Unit
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 2000.0
  • Annual Water Sewer Expense: 1600.0

Schools

  • Elementary School: Creighton Elementary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 60 x 305
  • Additional Parcels: Yes
  • Parcel #: 120-20-030-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 5
  • Annual Gross Income: 39798.72
  • Insurance Expense: 1100.0
  • Maintenance Expense: 2800.0
  • Property Net Operating Income: 30300.0
  • Annual Operating Expense: 10461.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1761.0
  • Tax Book Number: 120.00
  • Tax Lot: 0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Mar 3, 2023
Sold by
Bought by
Seller's Agent
Nathan Waite
Silverhawk Realty
Buyer's Agent
Hudson Robison
The Broker Reserve LLC
List Price
$649,000
Sold Price
$607,000
Premium/Discount to List
-$42,000
-6.47%
Views
344
Current Estimated Value
$775,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,264
Avg. Annual Appreciation
7.60%
Original Mortgage
$327,780
Interest Rate
0.0612%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 5, 2020
Closed on
Nov 13, 2020
Sold by
Bought by
Seller's Agent
Jerome Pride
Property Hub LLC
Buyer's Agent
Nathan Waite
Compass
List Price
$750,000
Sold Price
$475,000
Premium/Discount to List
-$275,000
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%

Purchase Details

Closed on
Jan 4, 2010
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 29, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
0.0594%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 8, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 3, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$607,000 Empire Title Services
$475,000 Grand Canyon Title Agency
-- None Available
-- None Available
$160,000 Chicago Title Insurance Co
$75,000 Stewart Title & Trust
$110,000 First Southwestern Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $327,780
Previous Owner $145,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/22/2023 03/22/23 Sold $607,000 -6.5% $216 / Sq Ft
01/18/2023 01/18/23 For Sale $649,000 +36.6% $231 / Sq Ft
11/16/2020 11/16/20 Sold $475,000 -4.6% $169 / Sq Ft View Prior Sale
09/14/2020 09/14/20 Price Changed $498,000 -0.2% $177 / Sq Ft
08/19/2020 08/19/20 Price Changed $499,000 +0.2% $177 / Sq Ft
07/17/2020 07/17/20 Price Changed $498,000 -23.4% $177 / Sq Ft
05/28/2020 05/28/20 Price Changed $650,000 -0.2% $231 / Sq Ft
05/28/2020 05/28/20 Price Changed $651,000 -13.2% $231 / Sq Ft
05/05/2020 05/05/20 For Sale $750,000 -- $267 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,926 $14,260
2024 $1,832 $13,581
2023 $1,832 $53,280 $10,650 $42,630
2022 $1,761 $39,630 $7,920 $31,710
2021 $1,804 $33,230 $6,640 $26,590
2020 $1,760 $26,670 $5,330 $21,340
2019 $1,747 $21,370 $4,270 $17,100
2018 $1,711 $17,450 $3,490 $13,960
2017 $1,645 $17,650 $3,530 $14,120
2016 $1,581 $15,600 $3,120 $12,480
2015 $1,471 $13,530 $2,700 $10,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6508813

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-030A

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