$220,000
SOLD JAN 10, 2020
-- Bed
-- Bath
1,957 Sq Ft
10,803 Sq Ft Lot

Recently Sold

$112 Per Sq Ft

2% Below List Price

76 Days on Market

Highlights

  • Multiple cooling system units
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of January 2020

Looking for a MULTI FAMILY TRI-PLEX in a HIGH DEMAND rental area? Long term tenants paying below market rents. Two 2-bedroom units plus 1 large studio unit. All tenants on month-to-month leases. * EXCELLENT INVESTMENT OPPORTUNITY PROVIDING IMMEDIATE CASH-FLOW INCOME! * Solid block construction * Private Patios * Water heaters updated in 2014 * 7 Parking Spaces Available * Landlord only pays water/trash/sewer, tenants pay for gas and electric * There are 2 AC heat pumps for the 2 bedroom units, plus a wall AC unit for the Studio apt. Large 12,880 SF Lot allows for expansion in the back of property so you could build more units! (or offer RV storage, etc) *** Please DO NOT TOUR, DRIVE BY ONLY, DO NOT APPROACH THE TENANTS DIRECTLY! INSIDE VIEWING AFTER ACCEPTED OFFER ONLY

Last Agent to Sell the Property

Carrick Sears

SVN/Desert Commercial Advisors License #BR633405000 Listed on: 10/22/2019

SVN/Desert Commercial Advisors

Last Buyer's Agent

Polina Kovacheva

DeLex Realty License #SA658433000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $949

Year Built

  • Built in 1960

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Ceramic Tile Flooring

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Mountain View Elementary School
  • Alta Vista Elementary Middle School
  • Sunnyslope High School

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 159-12-049-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 70 X 184

Building Details

  • Operating Expense $5,749
  • Net Operating Income $12,206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$949

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 19th AVE & PEORIA
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2019
  • Directions: North on 19th Ave 2 blocks to Desert Cove, then east to the address
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Electric, Heat Pump, Central A/C, 2 or More Units
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2400.0

Schools

  • Elementary School: Mountain View
  • High School: Sunnyslope High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Alta Vista Elementary School

Lot Info

  • Lot Size: 70 X 184
  • Additional Parcels: No
  • Parcel #: 159-12-049-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Insurance Expense: 900.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 12206.0
  • Annual Operating Expense: 5749.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 949.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2025
Sold by
Munoz Adela Ortiz
Bought by
Hector V Ruiz Ortiz Llc
Current Estimated Value
$422,257

Purchase Details

Listed on
Oct 22, 2019
Closed on
Jan 9, 2020
Sold by
1726 W Desert Cove Llc
Bought by
Munoz Adela Ortiz
Seller's Agent
Carrick Sears
SVN/Desert Commercial Advisors
Buyer's Agent
Polina Kovacheva
DeLex Realty
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.22%
Original Mortgage
$185,000
Interest Rate
3.6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 28, 2018
Sold by
Csi Secured Loan Fund Llc
Bought by
Casas & Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 30, 2017
Sold by
Pitts Jason L
Bought by
1726 W Desert Cove Llc

Purchase Details

Listed on
Jun 9, 2016
Closed on
Jul 26, 2016
Sold by
Dowd Pitts Patricia Ann and Pitts Jason L
Bought by
Pitts Jason L
Seller's Agent
Sandra Newbould
Arizona Best Real Estate
Buyer's Agent
Sandra Newbould
Arizona Best Real Estate
List Price
$124,900
Sold Price
$111,000
Premium/Discount to List
-$13,900
-11.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.79%
Original Mortgage
$83,250
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2016
Closed on
Jul 8, 2016
Sold by
Mohammad Homa
Bought by
Pitts Jason L
Seller's Agent
Sandra Newbould
Arizona Best Real Estate
Buyer's Agent
Sandra Newbould
Arizona Best Real Estate
List Price
$124,900
Sold Price
$111,000
Premium/Discount to List
-$13,900
-11.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,250
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 18, 2012
Closed on
Oct 8, 2012
Sold by
Brandory Investments Llc
Bought by
Mohammad Homa
Buyer's Agent
Sandra Newbould
Arizona Best Real Estate
List Price
$79,900
Sold Price
$63,500
Premium/Discount to List
-$16,400
-20.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.88%

Purchase Details

Closed on
Apr 30, 2010
Sold by
Canadian Investors Association Llc
Bought by
Brandory Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,500
Interest Rate
4.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 8, 2005
Sold by
Dela Vara Bill
Bought by
Dela Vara Erlinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 19, 2005
Sold by
Rocha Esteban and Rocha Imelda
Bought by
Dela Vara Erlinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 10, 2004
Sold by
Orion Realty & Investment Enterprises In
Bought by
Rocha Esteban and Rocha Imelda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,750
Interest Rate
5.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 13, 2004
Sold by
Holub George and Holub Emily E
Bought by
Orion Realty & Investment Enterprises In

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,750
Interest Rate
5.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 29, 2001
Sold by
Bader Tal
Bought by
Holub George and Holub Emily E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
7.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2000
Sold by
Milic Dusan and Milic Shawna K
Bought by
Bader Tal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,700
Interest Rate
7.86%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Special Warranty Deed -- None Listed On Document
Warranty Deed $220,000 Great American Title Agency
Warranty Deed $70,000 Empire West Title Agency Llc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- First Arizona Title Agency
Warranty Deed $111,000 First Arizona Title Agency
Cash Sale Deed $63,200 American Title Service Agenc
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Camelback Title Agency Llc
Warranty Deed $185,000 Camelback Title Agency Llc
Warranty Deed $141,000 Transnation Title Ins Co
Quit Claim Deed -- --
Warranty Deed $103,000 Stewart Title & Trust
Warranty Deed $200 Capital Title Agency
Warranty Deed $82,300 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $185,000 Stand Alone First
Previous Owner $70,000 Unknown
Previous Owner $83,250 New Conventional
Previous Owner $150,000 Unknown
Previous Owner $222,825 Unknown
Previous Owner $21,500 Unknown
Previous Owner $21,500 Unknown
Previous Owner $213,000 Unknown
Previous Owner $148,000 Unknown
Previous Owner $105,750 Unknown
Previous Owner $92,700 New Conventional
Previous Owner $61,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $220,000 -2.2% $112 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
12/18/2019 12/18/19 For Sale $225,000 0.0% $115 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $225,000 +102.7% $115 / Sq Ft
07/27/2016 07/27/16 Sold $111,000 -11.1% $57 / Sq Ft
06/21/2016 06/21/16 For Sale $124,900 0.0% $64 / Sq Ft
06/19/2016 06/19/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $124,900 +96.7% $64 / Sq Ft
10/11/2012 10/11/12 Sold $63,500 -20.5% $32 / Sq Ft
10/05/2012 10/05/12 Pending -- -- --
08/18/2012 08/18/12 For Sale $79,900 -- $41 / 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 $1,031 $8,428 -- --
2024 $1,012 $8,026 -- --
2023 $1,012 $32,880 $6,570 $26,310
2022 $979 $23,150 $4,630 $18,520
2021 $992 $19,930 $3,980 $15,950
2020 $967 $17,480 $3,490 $13,990
2019 $949 $15,050 $3,010 $12,040
2018 $924 $12,620 $2,520 $10,100
2017 $920 $9,880 $1,970 $7,910
2016 $903 $9,180 $1,830 $7,350
2015 $836 $7,630 $1,520 $6,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5995217

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-12-049B