NOT LISTED FOR SALE

1736 W Sherman St Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $469,000 - $750,965

-- Bed
-- Bath
1,500 Sq Ft
$423/Sq Ft Est. Value

Last Sold September 25, 2024

Last sale price $749,900 $500 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $3,424/month

3 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of September 2024

Great investment opportunity! Fully rented 4-plex in Phoenix with two buildings & 4 total units. Each unit is 750 SF, with 2 bedrooms & 1 bath. Improved with well-kept common areas, sidewalks, front gate & mailboxes + patios on each unit. Within a mile from the capital, less than 2 from downtown, and close to major freeways. More details & records available.

Last Agent to Sell the Property

David Mendel

eXp Realty License #SA516914000 Listed on: 08/14/2024

eXp Realty

Last Buyer's Agent

Tiffany Hendricks

My Rental Superstore License #SA701516000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $985

Year Built

  • Built in 1960

Lot Details

  • 7,013

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Capitol Elementary School
  • Phoenix Prep Academy Middle School
  • Central High School

Utilities

  • 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
  • Tax Lot 159
  • Assessor Parcel Number 112-09-161

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 50x140
  • Wise Add Subdivision

Building Details

  • Operating Expense $7,772
  • Gross Income $55,837
  • Net Operating Income $51,021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$985

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: 19th Ave & Buckeye
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: WISE ADD
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

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: APS
  • Cooling: Central A/C, Heat Pump
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 4060.29

Schools

  • Elementary School: Capitol Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Lot Size: 50x140
  • Additional Parcels: No
  • Parcel #: 112-09-161

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 205.14
  • Annual Gross Income: 55837.2
  • Insurance Expense: 1521.66
  • Maintenance Expense: 649.98
  • Property Net Operating Income: 51021.09
  • Annual Operating Expense: 7772.07
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 985.0
  • Tax Book Number: 112.00
  • Tax Lot: 159

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 5, 2024
Sold by
Deer Creek Properties Llc
Bought by
Havasim Rentals Llc and Havasim Property Management Llc
Seller's Agent
David Mendel
eXp Realty
Buyer's Agent
Tiffany Hendricks
My Rental Superstore
List Price
$749,900
Sold Price
$749,900
Views
2
Current Estimated Value
$634,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$115,659
Avg. Annual Appreciation
-13.03%

Purchase Details

Listed on
Sep 20, 2016
Closed on
Feb 8, 2017
Sold by
Ledbetter James M
Bought by
Deer Creek Properties Llc
Seller's Agent
David Mendel
eXp Realty
Buyer's Agent
David Mendel
eXp Realty
List Price
$214,900
Sold Price
$214,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.85%

Purchase Details

Closed on
Jun 22, 2007
Sold by
Ledbetter Sharon Louise
Bought by
Ledbetter James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,001
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 1998
Sold by
Ledbetter Mae E
Bought by
Ledbetter James M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Havasim Rentals Llc $749,900 Grand Canyon Title
Deer Creek Properties Llc $214,900 Grand Canyon Title Agency
Ledbetter James M -- Fidelity Natl Title Ins Co
Ledbetter James M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ledbetter James M $208,001
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2024 09/25/24 Sold $749,900 0.0% $500 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $749,900 +249.0% $500 / Sq Ft
02/15/2017 02/15/17 Sold $214,900 0.0% $143 / Sq Ft View Prior Sale
01/31/2017 01/31/17 Pending -- -- --
09/19/2016 09/19/16 For Sale $214,900 -- $143 / 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 $1,057 $7,440 -- --
2024 $985 $7,086 -- --
2023 $985 $32,420 $6,480 $25,940
2022 $950 $24,820 $4,960 $19,860
2021 $943 $19,970 $3,990 $15,980
2020 $954 $16,280 $3,250 $13,030
2019 $952 $14,510 $2,900 $11,610
2018 $936 $10,900 $2,180 $8,720
2017 $915 $10,350 $2,070 $8,280
2016 $888 $8,500 $1,700 $6,800
2015 $822 $8,600 $1,720 $6,880
Source: Public Records

Agents Affiliated with this Home

  • David Mendel

    Seller's Agent in 2024

    David Mendel

    eXp Realty

    (602) 291-3283

    5 in this area

    65 Total Sales

    David Mendel
    Section Image

  • T

    Buyer's Agent in 2024

    Tiffany Hendricks

    My Rental Superstore

    (602) 647-3966

    1 in this area

    4 Total Sales

    Tiffany Hendricks
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6743577

Arizona Regional Multiple Listing Service (ARMLS)

APN: 112-09-161

Arizona Maricopa County Phoenix 85007 Central City

1736 W Sherman St, Phoenix, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes