NOT LISTED FOR SALE

Estimated Value: $444,000 - $515,000

3 Beds
1 Bath
410 Sq Ft
$1,170/Sq Ft Est. Value

Last Sold October 13, 2015

Last sale price $160,000 $390 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $2,625/month

52 Days on Market

Highlights

  • Evaporated cooling system
  • Phoenix Coding Academy Rated A
  • Floor Furnace

About This Home

As of October 2015

A True Net 10 Cap!!!! This great income producing 4-plex with stable tenants includes a studio, 1 bed, + two units with 2 beds each. Owners change of plans means opportunity for you. The roof is 4 years new. Other recent renovations include tile, paint, and wall unit A.C. Fully rented. Near bus and highways. Traditional Sale!!! make offer, take possession, and start collecting rent a.s.a.p. That sound you hear is opportunity knocking.

Last Agent to Sell the Property

Ian Chait

Barrett Real Estate License #BR504768000 Listed on: 07/03/2015

Last Buyer's Agent

Ian Chait

Equity Arizona Real Estate License #BR504768000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $756

Year Built

  • Built in 1940

Lot Details

  • 0.26

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 47
  • Assessor Parcel Number 117-05-108

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are .26 acres
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $10,059
  • Gross Income $27,600
  • Net Operating Income $19,371

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$756

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Cross Street: 16th St & E. McDowell Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Year Built: 1940
  • Tax Year: 2014
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: 1 Space/Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Heating: Electric, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1287.71
  • Annual Water Sewer Expense: 2934.72

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: .26 acres
  • Additional Parcels: No
  • Parcel #: 117-05-108

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 4254.93
  • Annual Gross Income: 27600.0
  • Insurance Expense: 826.0
  • Property Net Operating Income: 19370.92
  • Annual Operating Expense: 10059.36

Tax Info

  • Tax Annual Amount: 756.0
  • Tax Book Number: 117.00
  • Tax Lot: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2017
Sold by
The Portfolio Phx Llc
Bought by
Arizona Llc
Current Estimated Value
$485,000

Purchase Details

Closed on
Sep 30, 2016
Sold by
Feighner Kenneth Ray
Bought by
The District Phx Llc

Purchase Details

Listed on
Jul 3, 2015
Closed on
Oct 9, 2015
Sold by
Martel David
Bought by
Feighner Kenneth Ray
Seller's Agent
Ian Chait
Barrett Real Estate
Buyer's Agent
Ian Chait
Barrett Real Estate
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.28%
Original Mortgage
$157,102
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 3, 2015
Closed on
Oct 2, 2015
Sold by
Berry Margaret and Feighner Kenneth
Bought by
Feighner Kenneth
Seller's Agent
Ian Chait
Barrett Real Estate
Buyer's Agent
Ian Chait
Barrett Real Estate
List Price
$175,000
Sold Price
$160,000
Premium/Discount to List
-$15,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 9, 2013
Closed on
Oct 15, 2013
Sold by
Peak Holdings Llc
Bought by
Martel David
Seller's Agent
Jerry Raviol
West USA Realty
Buyer's Agent
Ian Chait
Barrett Real Estate
List Price
$137,900
Sold Price
$133,000
Premium/Discount to List
-$4,900
-3.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.73%
Original Mortgage
$130,591
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 2004
Sold by
Dostal Matthew D
Bought by
Peak Holdings Llc

Purchase Details

Closed on
Dec 26, 2002
Sold by
Grossman Justin
Bought by
Dostal Matthew D

Purchase Details

Closed on
Dec 12, 2001
Sold by
Cristy John William
Bought by
Grossman Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 1999
Sold by
Hud
Bought by
Cristy John William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1998
Sold by
Guerrero Alex and Guerrero Helen
Bought by
Lugo Juana R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,703
Interest Rate
7.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 1997
Sold by
Tumi Management Corp and Wood George
Bought by
Guerrero Alex and Guerrero Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
7.23%

Purchase Details

Closed on
Nov 11, 1997
Sold by
Tumi Management Corp
Bought by
Tumi Management Corp and Tambo Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,000
Interest Rate
7.23%
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

Date Buyer Sale Price Title Company
Arizona Llc $65,310 Fidelity Natl Title Agency I
The District Phx Llc -- None Available
Feighner Kenneth Ray $160,000 Chicago Title Agency Inc
Feighner Kenneth -- Chicago Title Agency Inc
Martel David $133,000 Driggs Title Agency Inc
Peak Holdings Llc -- --
Dostal Matthew D $144,000 Chicago Title Insurance Co
Grossman Justin $136,900 Old Republic Title Agency
Cristy John William -- --
Lugo Juana R $80,000 Century Title Agency
Guerrero Alex -- Century Title Agency Inc
Tumi Management Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feighner Kenneth Ray $157,102
Previous Owner Martel David $130,591
Previous Owner Grossman Justin $123,200
Previous Owner Cristy John William $75,000
Previous Owner Lugo Juana R $79,703
Previous Owner Guerrero Alex $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2015 10/13/15 Sold $160,000 -8.6% $390 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
07/03/2015 07/03/15 For Sale $175,000 +31.6% $427 / Sq Ft
10/18/2013 10/18/13 Sold $133,000 -3.6% $324 / Sq Ft View Prior Sale
08/30/2013 08/30/13 Pending -- -- --
08/09/2013 08/09/13 For Sale $137,900 -- $336 / 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 $1,068 $7,910 -- --
2024 $1,017 $7,534 -- --
2023 $1,017 $38,800 $7,760 $31,040
2022 $977 $29,460 $5,890 $23,570
2021 $1,000 $23,260 $4,650 $18,610
2020 $976 $19,850 $3,970 $15,880
2019 $969 $15,920 $3,180 $12,740
2018 $949 $12,500 $2,500 $10,000
2017 $913 $12,050 $2,410 $9,640
2016 $877 $9,730 $1,940 $7,790
2015 $816 $8,280 $1,650 $6,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5302561

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-05-108