1736 W Sherman St Phoenix, AZ 85007
Central City Neighborhood
--
Bed
--
Bath
1,500
Sq Ft
7,013
Sq Ft Lot
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating System Uses Natural Gas
- Phoenix Coding Academy Rated A
About This Home
As of September 2024Great 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $985
Year Built
- Built in 1960
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,546
Avg. Annual Appreciation
-3.08%
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
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $749,900 | Grand Canyon Title | |
| Cash Sale Deed | $214,900 | Grand Canyon Title Agency | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Ins Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $225,000 | New Conventional | |
| Previous Owner | $208,001 | New Conventional | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 | $995 | $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
-
D
Seller's Agent in 2024
David Mendel
eXp Realty
-
T
Buyer's Agent in 2024
Tiffany Hendricks
My Rental Superstore
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6743577
APN: 112-09-161
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.
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
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