NOT LISTED FOR SALE

Estimated Value: $735,000 - $827,000

-- Bed
-- Bath
2,690 Sq Ft
$288/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $755,000 $281 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,207/month

45 Days on Market

Highlights

  • Wet Bar
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heating System Uses Natural Gas

About This Home

As of June 2024

Introducing The Agave 4: A Smart Investment Opportunity Conveniently nestled near Papago Park and Papago Golf Club, this fully renovated 4plex presents a promising prospect in Phoenix's rental market. Just a short 5-minute drive from Scottsdale's Old Town & Fashion Square district, The Agave 4 offers a mix of (1) 2 Bedroom 1 Bathroom unit and (3) 1 Bedroom 1 Bathroom units, each featuring stainless steel appliances, in-suite stackable washer/dryer units, and elegant quartz countertops. With its desirable location and modern amenities, this property provides investors with a reliable income stream. Notably, The Agave 4 is currently fully occupied, ensuring immediate returns. Don't miss out on this opportunity to enhance your investment portfolio. Inquire now for more information!

Last Agent to Sell the Property

Thomas Beniamen

Copper Wren Residential LLC License #SA689485000 Listed on: 04/15/2024

Last Buyer's Agent

Carter Marks

Orion Investment Real Estate License #SA708002000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,433

Year Built

  • Built in 1962

Lot Details

  • 0.27

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Wet Bar
  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Carport
  • Free Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 7
  • Assessor Parcel Number 126-18-027

Community Details

Overview

  • 4 Units
  • Building Dimensions are 166.01' x 71'
  • Holly Gardens Subdivision

Building Details

  • Operating Expense $1,433
  • Gross Income $63,561
  • Net Operating Income $46,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,433

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 49th & Holly
  • Legal Info Range: 4E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2023
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: HOLLY GARDENS
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Built-In Range, Disposal, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
  • Interior Amenities: Wet Bar
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Free, Add'l Parking Avail, 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking Features:Carport: Yes
  • Parking Features Free2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 166.01' x 71'
  • Additional Parcels: No
  • Parcel #: 126-18-027

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 63560.64
  • Property Net Operating Income: 46032.0
  • Annual Operating Expense: 1433.0
  • Vacancy Allowance Rate: 0.04

Tax Info

  • Tax Annual Amount: 1433.0
  • Tax Book Number: 126.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jun 26, 2024
Sold by
Benjamin Amgad and Benjamin Maggie
Bought by
Igor Kipnis Family Trust and Kipnis
Seller's Agent
Thomas Beniamen
Copper Wren Residential LLC
Buyer's Agent
Carter Marks
Orion Investment Real Estate
List Price
$845,000
Sold Price
$755,000
Premium/Discount to List
-$90,000
-10.65%
Views
36
Current Estimated Value
$773,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,702
Avg. Annual Appreciation
0.53%

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 6, 2020
Sold by
2013 N 49Th Street Llc
Bought by
Benjamin Amgad and Benjamin Maggie
Seller's Agent
Jason Penrose
eXp Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$474,900
Sold Price
$440,000
Premium/Discount to List
-$34,900
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.57%
Original Mortgage
$330,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2019
Closed on
Feb 15, 2019
Sold by
Cameron 2 Llc
Bought by
Haughey Wayne P
Seller's Agent
Trevor Hardy
ABI Multifamily
Buyer's Agent
Trevor Hardy
ABI Multifamily
List Price
$469,000
Sold Price
$440,000
Premium/Discount to List
-$29,000
-6.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Listed on
Jan 8, 2019
Closed on
Feb 13, 2019
Sold by
Haughey Wayne P
Bought by
2013 N 49Th Street Llc
Seller's Agent
Trevor Hardy
ABI Multifamily
Buyer's Agent
Trevor Hardy
ABI Multifamily
List Price
$469,000
Sold Price
$440,000
Premium/Discount to List
-$29,000
-6.18%

Purchase Details

Listed on
Jan 8, 2019
Closed on
Feb 11, 2019
Sold by
Haughey Melissa and Haughey Wayne P
Bought by
Haughey Wayne P and Haughey Melissa
Seller's Agent
Trevor Hardy
ABI Multifamily
Buyer's Agent
Trevor Hardy
ABI Multifamily
List Price
$469,000
Sold Price
$440,000
Premium/Discount to List
-$29,000
-6.18%

Purchase Details

Closed on
May 3, 2018
Sold by
Pace John and Pace Jon K
Bought by
Cameron 2 Llc and 14205 De Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.44%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 11, 2012
Sold by
Pace Kay C
Bought by
Pace John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
3.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 23, 2010
Sold by
Fannie Mae
Bought by
Pellegrini Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,585
Interest Rate
4.16%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 2010
Sold by
Fairfax Eric
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 1, 2004
Sold by
Tomsik Jeffrey J
Bought by
Fairfax Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,900
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2003
Sold by
Macallister James R
Bought by
Tomsik Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,766
Interest Rate
5.22%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 25, 2001
Sold by
Rusnak Peter and Rusnak Daniela
Bought by
Macallister James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 1999
Sold by
Stertz Kimberly Ann
Bought by
Rusnak Peter and Rusnak Daniela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,450
Interest Rate
7.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 1996
Sold by
Bentzin Charles G
Bought by
Stertz Thomas H and Stertz Kimberly Ann
Source: Public Records

Range of Values:

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Average Value
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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
Igor Kipnis Family Trust $755,000 Thomas Title & Escrow Llc
Benjamin Amgad $440,000 American Title Svc Agcy Llc
Haughey Wayne P $440,000 Commonwealth Land Title Insu
2013 N 49Th Street Llc -- Commonwealth Land Title Insu
Haughey Wayne P -- Commonwealth Land Title Insu
Cameron 2 Llc $1,230,000 Landmark Title Assurance Age
Pace John -- Old Republic Title Agency
Pace John $162,500 Old Republic Title Agency
Pellegrini Antonio $75,500 Old Republic Title Agency
Federal National Mortgage Association $297,609 First American Title
Fairfax Eric $274,900 Tsa Title Agency
Tomsik Jeffrey J $227,664 Chicago Title Insurance Co
Macallister James R $152,500 Chicago Title Insurance Co
Rusnak Peter $130,500 Grand Canyon Title Agency In
Stertz Thomas H $97,500 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benjamin Amgad $644,000
Previous Owner Benjamin Amgad $525,000
Previous Owner Benjamin Amgad $330,000
Previous Owner Cameron 2 Llc $4,000,000
Previous Owner Pace John K $100,100
Previous Owner Pace John $120,000
Previous Owner Pellegrini Antonio $73,585
Previous Owner Fairfax Eric $268,000
Previous Owner Fairfax Eric $219,900
Previous Owner Tomsik Jeffrey J $22,766
Previous Owner Tomsik Jeffrey J $182,131
Previous Owner Macallister James R $122,000
Previous Owner Rusnak Peter $117,450
Closed Fairfax Eric $41,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $755,000 -5.0% $281 / Sq Ft
05/28/2024 05/28/24 Price Changed $795,000 -5.9% $296 / Sq Ft
04/16/2024 04/16/24 For Sale $845,000 +92.0% $314 / Sq Ft
07/10/2020 07/10/20 Sold $440,000 -2.2% $164 / Sq Ft
06/25/2020 06/25/20 Price Changed $449,900 0.0% $167 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
05/11/2020 05/11/20 Pending -- -- --
04/29/2020 04/29/20 Price Changed $449,900 -5.3% $167 / Sq Ft
03/18/2020 03/18/20 For Sale $474,900 0.0% $177 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $474,900 0.0% $177 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $474,900 +7.9% $177 / Sq Ft
02/15/2019 02/15/19 Sold $440,000 -6.2% $164 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
01/08/2019 01/08/19 For Sale $469,000 -- $174 / 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 $1,447 $12,050 -- --
2024 $1,433 $11,476 -- --
2023 $1,433 $54,410 $10,880 $43,530
2022 $1,382 $42,420 $8,480 $33,940
2021 $1,405 $37,380 $7,470 $29,910
2020 $1,379 $32,060 $6,410 $25,650
2019 $1,374 $26,930 $5,380 $21,550
2018 $1,294 $22,520 $4,500 $18,020
2017 $1,240 $19,910 $3,980 $15,930
2016 $1,213 $16,770 $3,350 $13,420
2015 $1,138 $12,460 $2,490 $9,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6692030

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-18-027