NOT LISTED FOR SALE

1973 E Don Carlos Ave Tempe, AZ 85281

Apache Neighborhood

Estimated Value: $508,000 - $848,150

-- Bed
2 Baths
2,677 Sq Ft
$267/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $680,000 $254 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,918/month

27 Days on Market

Highlights

  • Brick Veneer
  • Central Heating and Cooling System
  • 3-minute walk to Alegre Park
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

As of May 2024

Instant cashflow with this conveniently located triplex! The 2 front units are 1 Bed/1 Baths that are currently leased. The back unit is a vacant 2 Bed / 2 Bath that is perfect for an owner occupant or lease it out for additional income.

Last Agent to Sell the Property

Wyley Brown

Balboa Realty, LLC License #SA641264000 Listed on: 02/14/2024

Last Buyer's Agent

Sagar Mehta

Fathom Realty Elite License #SA704097000

Fathom Realty Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,793

Year Built

  • Built in 1945

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Over 1 Space Per Unit
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Schools

  • Flora Thew Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 53
  • Assessor Parcel Number 132-67-049

Community Details

Overview

  • 3 Units
  • Building Dimensions are 11730
  • Rancho El Dorado 1 26, 36 44 Subdivision

Building Details

  • Operating Expense $3,593
  • Gross Income $57,528
  • Net Operating Income $55,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,793

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: University Dr and McClintock Dr
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: Multifamily
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: RANCHO EL DORADO 1-26, 36-44
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • 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: None
  • Construction Type: Brick Veneer, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Paved, Assigned, Add'l Parking Avail, >1 Space Per Unit, <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Paved2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Elementary School: Flora Thew Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Lot Size: 11730
  • Additional Parcels: No
  • Parcel #: 132-67-049

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 57528.0
  • Property Net Operating Income: 55860.0
  • Annual Operating Expense: 3593.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1793.0
  • Tax Book Number: 132.00
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
May 3, 2024
Sold by
Frank West Capital Llc
Bought by
Chaffee Investments Llc
Seller's Agent
Wyley Brown
Balboa Realty, LLC
Buyer's Agent
Sagar Mehta
Fathom Realty Elite
List Price
$729,500
Sold Price
$680,000
Premium/Discount to List
-$49,500
-6.79%
Views
15
Current Estimated Value
$714,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,038
Avg. Annual Appreciation
3.06%
Original Mortgage
$498,750
Outstanding Balance
$491,134
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$222,904

Purchase Details

Closed on
Jan 16, 2024
Sold by
Huber Aaron
Bought by
Frank West Capital Llc

Purchase Details

Closed on
May 16, 2022
Sold by
Eli Chapman Robert
Bought by
Cash Now Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,624
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2022
Sold by
Myra Gazvoda
Bought by
Chapman Robert Eli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,624
Interest Rate
5.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chaffee Investments Llc $665,000 First American Title Insurance
Chaffee Investments Llc $665,000 First American Title Insurance
Frank West Capital Llc $670,624 None Listed On Document
Frank West Capital Llc $670,624 None Listed On Document
Cash Now Homes Llc $665,000 East Title
Cash Now Homes Llc $665,000 East Title
Chapman Robert Eli -- New Title Company Name
Chapman Robert Eli -- New Title Company Name
Chapman Robert Eli -- New Title Company Name
Chapman Robert Eli -- New Title Company Name
Chapman Robert Eli -- New Title Company Name
Chapman Robert Eli -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaffee Investments Llc $498,750
Previous Owner Cash Now Homes Llc $670,624
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2024 05/03/24 Sold $680,000 -6.8% $254 / Sq Ft
04/19/2024 04/19/24 Price Changed $729,500 0.0% $273 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $729,500 -- $273 / 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 $1,942 $16,199 -- --
2024 $1,793 $15,427 -- --
2023 $1,793 $66,530 $13,300 $53,230
2022 $1,720 $45,980 $9,190 $36,790
2021 $1,731 $40,180 $8,030 $32,150
2020 $1,679 $35,180 $7,030 $28,150
2019 $1,647 $28,730 $5,740 $22,990
2018 $1,606 $27,370 $5,470 $21,900
2017 $1,558 $22,410 $4,480 $17,930
2016 $1,547 $22,080 $4,410 $17,670
2015 $1,486 $20,160 $4,030 $16,130
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2024

    Wyley Brown

    Balboa Realty, LLC

    (480) 371-6716

    1 in this area

    216 Total Sales

    Wyley Brown
    Section Image
  • Sagar Mehta

    Buyer's Agent in 2024

    Sagar Mehta

    Fathom Realty Elite

    (813) 494-8438

    1 in this area

    6 Total Sales

    Sagar Mehta
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6662977

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-67-049

Arizona Maricopa County Tempe 85281 Apache

1973 E Don Carlos Ave, Tempe, 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

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