NOT LISTED FOR SALE

1844 E Sheridan St Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $464,682 - $612,000

2 Beds
-- Bath
1,815 Sq Ft
$297/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $420,000 $231 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,928/month

86 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating unit installed on the ceiling
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of February 2022

**Seller is Highly Motivated Make us an offer**
EXCELLENT INVESTMENT IN THE HEART OF PHOENIX METRO AREA! Block-constructed Extra-Large duplex (907sf); Large deep lot can easily add another Unit. Completely rehabbed inside and outside including new pipes. Each unit comes complete with tile floors, neutral paint that gives a bright feel, ceiling fans, and a perfect size kitchen equipped with new appliances & cabinetry space. All units are rented with long term leases. great opportunity for an investor to buy a quality remodeled duplex in a good rental area. DRIVE BY ONLY DO NOT DISTURB TENANTS NO SIGN MAKE ALL FINANCIALLY QUALIFIED OFFERS CONTINGENT UPON INSPECTION.

Last Agent to Sell the Property

Bashir Hassan

HomeSmart Realty License #SA567618000 Listed on: 11/08/2021

HomeSmart Realty

Last Buyer's Agent

Linda Gerchick

Gerchick Real Estate License #BR114848000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $959

Year Built

  • Built in 1958

Lot Details

  • 8,407

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Central Air
  • Heating unit installed on the ceiling

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 40
  • Assessor Parcel Number 117-06-043-P

Community Details

Overview

  • 2 Units
  • Building Dimensions are 140.53X59.95
  • Greenfield Acres Tract 2 Subdivision

Building Details

  • Operating Expense $959
  • Gross Income $16,530
  • Net Operating Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$959

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Cross Street: 20TH ST (SR51) AND THOMAS
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1958
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Subdivision Name: GREENFIELD ACRES TRACT 2
  • Tax Parcel Letter: P
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Disposal, Refrigerator, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per 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
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 140.53X59.95
  • Additional Parcels: No
  • Parcel #: 117-06-043-P

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 16530.0
  • Property Net Operating Income: 17400.0
  • Annual Operating Expense: 959.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 959.0
  • Tax Book Number: 117.00
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2023
Sold by
1844 E Sheridan Llc
Bought by
Ysleta Investments Llc
Current Estimated Value
$539,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$512,242
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$27,679

Purchase Details

Closed on
Sep 15, 2022
Sold by
Ysleta Investments Llc
Bought by
1844 E Sheridan Llc

Purchase Details

Listed on
Nov 8, 2021
Closed on
Feb 11, 2022
Sold by
Lulu Trust
Bought by
Ysleta Investments Llc
Seller's Agent
Bashir Hassan
HomeSmart Realty
Buyer's Agent
Linda Gerchick
Gerchick Real Estate
List Price
$520,000
Sold Price
$420,000
Premium/Discount to List
-$100,000
-19.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$562,500
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Closed on
May 15, 2019
Sold by
Ahmed Guled Mohamud and Yussuf Malkia N
Bought by
Lulu Trust

Purchase Details

Listed on
Apr 2, 2012
Closed on
Jun 21, 2012
Sold by
Entrepreneur Opportunity Fund I Lp
Bought by
Ahmed Guled Mohamud and Yussuf Malka N
Seller's Agent
Terry Kass
Coldwell Banker Commercial Realty
Buyer's Agent
Bashir Hassan
HomeSmart
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.74%
Original Mortgage
$63,750
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2010
Sold by
Wasta Llc
Bought by
Entrepreneur Opportunity Fund 1 Lp

Purchase Details

Closed on
Jul 14, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Wasta Llc

Purchase Details

Closed on
Jan 22, 2010
Sold by
Carrillo Margarita
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Mar 12, 2007
Sold by
Cota Margarita
Bought by
Cota Margarita and Baltazar Jose Jesus

Purchase Details

Closed on
Mar 29, 2006
Sold by
Loera Jesus M and Loera Domitila T
Bought by
Carrillo Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
9.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Ysleta Investments Llc -- --
1844 E Sheridan Llc -- --
Ysleta Investments Llc $420,000 New Title Company Name
Lulu Trust -- None Available
Ahmed Guled Mohamud $85,000 Chicago Title Agency Inc
Entrepreneur Opportunity Fund 1 Lp $54,400 American Title Service Agenc
Wasta Llc $36,900 First American Title Ins Co
Hsbc Bank Usa National Association $56,700 First American Title
Cota Margarita -- None Available
Carrillo Margarita $195,000 Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ysleta Investments Llc $525,000
Previous Owner Ysleta Investments Llc $562,500
Previous Owner Ahmed Guled Mohamud $63,750
Previous Owner Carrillo Margarita $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2022 02/15/22 Sold $420,000 -16.0% $231 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
12/07/2021 12/07/21 Price Changed $500,000 -3.8% $275 / Sq Ft
11/08/2021 11/08/21 For Sale $520,000 +511.8% $287 / Sq Ft
06/22/2012 06/22/12 Sold $85,000 -5.5% $47 / Sq Ft View Prior Sale
05/10/2012 05/10/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $89,900 -- $50 / 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 $1,025 $7,585 -- --
2024 $975 $7,224 -- --
2023 $975 $33,300 $6,660 $26,640
2022 $937 $24,970 $4,990 $19,980
2021 $959 $19,700 $3,940 $15,760
2020 $936 $17,020 $3,400 $13,620
2019 $929 $14,380 $2,870 $11,510
2018 $910 $12,670 $2,530 $10,140
2017 $875 $10,980 $2,190 $8,790
2016 $841 $9,000 $1,800 $7,200
2015 $783 $7,630 $1,520 $6,110
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bashir Hassan

    HomeSmart Realty

    (602) 230-7600

    1 in this area

    5 Total Sales

    Bashir Hassan
    Section Image
  • Linda Gerchick

    Buyer's Agent in 2022

    Linda Gerchick

    Gerchick Real Estate

    (602) 688-9279

    13 in this area

    114 Total Sales

    Linda Gerchick
    Section Image

  • L

    Buyer's Agent in 2022

    Linda CCIM

    Stephen Magee Int'l Properties

  • Terry Kass

    Seller's Agent in 2012

    Terry Kass

    Coldwell Banker Commercial Realty

    (602) 330-2525

    1 in this area

    22 Total Sales

    Terry Kass
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6318467

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-06-043P

Arizona Maricopa County Phoenix 85006 Central City

1844 E Sheridan St, Phoenix, AZ

Not Listed for Sale

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

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