NOT LISTED FOR SALE
1 Bed
1 Bath
518 Sq Ft
0.4 Acres Lot

Sale Details

Date Sold: November 2, 2017

Last sale price $460,000 $888 Per Sq Ft

36 Days on Market

Highlights

  • Cooling Available
  • Shadow Mountain High School Rated 9+
  • Heating Available

About This Home

As of November 2017

Seller is motivated bring your offer's now!!! Sun & Sand Apartments have total of 8 units. 6 one bedroom one bath units and 2 two bedroom one bath units. Fully rented complex with longer term tenants. All block construction and central air on all units. Some units have small yards. Desert landscaping for super low maintenance. Drive by only no sign on property. All facts and figuers are apporximate buyer verify MLS information

Last Agent to Sell the Property

Sophia Baron

Get Multifamily License #BR648866000 Listed on: 08/30/2017

Last Buyer's Agent

Venkata Narla

Lotus Real Estate License #BR548234000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,710

Year Built

  • Built in 1980

Lot Details

  • 0.4

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • Assigned Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water
  • Tax Lot 2
  • Assessor Parcel Number 166-11-037

Community Details

Overview

  • 8 Units
  • Building Dimensions are 17,450
  • Sun And Sand Blk 6 Subdivision

Building Details

  • Operating Expense $12,756
  • Gross Income $42,552
  • Net Operating Income $32,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,710

Year Built

Built in 1980

Lot Details

0.4 Acres

Listing Details

  • Cross Street: CAVE CREEK AND THUNDERBIRD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M R-3
  • Number Of Buildings: 1
  • Year Built: 1980
  • Tax Year: 2016
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: SUN AND SAND BLK 6
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1464.0
  • Annual Water Sewer Expense: 2695.0

Lot Info

  • Lot Size: 17,450
  • Additional Parcels: No
  • Parcel #: 166-11-037

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 360.0
  • Annual Gross Income: 42552.0
  • Insurance Expense: 1527.0
  • Maintenance Expense: 3800.0
  • Property Net Operating Income: 32798.18
  • Annual Operating Expense: 12756.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 1710.0
  • Tax Book Number: 166.00
  • Tax Lot: 2
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/02/2017 11/02/17 Sold $460,000 -4.2% $888 / Sq Ft
08/28/2017 08/28/17 For Sale $480,000 +18.5% $927 / Sq Ft
02/02/2015 02/02/15 Sold $405,000 -4.7% $782 / Sq Ft View Prior Sale
01/16/2015 01/16/15 Pending -- -- --
04/01/2014 04/01/14 For Sale $425,000 -- $820 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,042 $19,981 -- --
2024 $1,947 $19,029 -- --
2023 $1,947 $94,460 $18,890 $75,570
2022 $1,928 $58,820 $11,760 $47,060
2021 $1,933 $55,510 $11,100 $44,410
2020 $1,874 $47,420 $9,480 $37,940
2019 $1,876 $37,000 $7,400 $29,600
2018 $1,815 $33,820 $6,760 $27,060
2017 $1,739 $31,060 $6,210 $24,850
2016 $1,710 $27,620 $5,520 $22,100
2015 $1,584 $23,420 $4,680 $18,740
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5653116

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.