NOT LISTED FOR SALE

Estimated Value: $638,000 - $850,000

Studio
-- Bath
2,690 Sq Ft
$270/Sq Ft Est. Value

Sale Details

Date Sold: June 28, 2024

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

Est. 4% decrease in value since last sale

Current estimated payment $4,069 / mo

45 Days on Market

Highlights

  • Wet Bar
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Air
  • Desert Landscape

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

Real Broker License #SA708002000

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,433

Year Built

  • Built in 1962

Lot Details

  • Desert Landscape

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Wet Bar
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Parking Available
  • Free Parking
  • Additional Parking
  • Open Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Master Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, trash collection, 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 Sq Ft Lot

Listing Details

  • Cross Street: 49th & Holly
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1962
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: HOLLY GARDENS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Built-In Range, Refrigerator, Disposal, Microwave, Washer/Dryer, W/D Hookup
  • Interior Amenities: Wet Bar

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: None
  • Construction Type: Block, Painted
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Open, 1 Space/Unit, Carport
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

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: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • 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: 126.0
  • Tax Lot: 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jun 26, 2024
Sold by
Bought by
Seller's Agent
Thomas Beniamen
Copper Wren Residential LLC
Buyer's Agent
Carter Marks
Real Broker
List Price
$845,000
Sold Price
$755,000
Premium/Discount to List
-$90,000
-10.65%
Views
36
Current Estimated Value
$727,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,480
Avg. Annual Appreciation
-1.88%

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 6, 2020
Sold by
Bought by
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
Bought by
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
Bought by
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
Bought by
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
Bought by

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
Bought by

Purchase Details

Closed on
Nov 23, 2010
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Sep 1, 2004
Sold by
Bought by

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
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,131
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2001
Sold by
Bought by

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
Bought by

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
Bought by
Source: Public Records
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$755,000 Thomas Title & Escrow Llc
$440,000 American Title Svc Agcy Llc
$440,000 Commonwealth Land Title Insu
-- Commonwealth Land Title Insu
-- Commonwealth Land Title Insu
$1,230,000 Landmark Title Assurance Age
-- Old Republic Title Agency
$162,500 Old Republic Title Agency
$75,500 Old Republic Title Agency
$297,609 First American Title
$274,900 Tsa Title Agency
$227,664 Chicago Title Insurance Co
$152,500 Chicago Title Insurance Co
$130,500 Grand Canyon Title Agency In
$97,500 Stewart Title & Trust
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $330,000
Previous Owner $4,000,000
Previous Owner $73,585
Previous Owner $219,900
Previous Owner $182,131
Previous Owner $122,000
Previous Owner $117,450
Closed $41,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,538 $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

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6692030

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-18-027

Your Personal Tour Guide

Ask me questions while you tour the home.