NOT LISTED FOR SALE

2024 W Cactus Rd Phoenix, AZ 85029

North Mountain Village Neighborhood

Estimated Value: $403,219 - $548,000

-- Bed
-- Bath
3,600 Sq Ft
$139/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $255,000 $71 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,880/month

179 Days on Market

Highlights

  • Multiple cooling system units
  • Thunderbird High School Rated A-
  • Heating Available

About This Home

As of July 2019

This 4-plex is part of a 48 unit complex consisting of 12 individually owned 4-plex buildings. All are two bedroom/one bath. The back units have fenced in patios. Very Large Bedrooms and living area space. Hard to find slump block construction. 100% occupied for solid cash flow from day one**Units are under rented as most tenants have been there a long time -- one has been there for 25 years**Needs updating inside but the potential is there for a great income producing property**The average rent for this 4-plex is $575 while the current going rate for updated units in the complex is $750 and they rent very quickly at that rate**Feel free to drive the complex but Do not disturb tenants -- once contract is in place interior viewing will be arranged**All units are on month to month leases**

Last Agent to Sell the Property

David Hayes

Varsity Realty License #BR084362000 Listed on: 12/14/2018

Last Buyer's Agent

Lori Ferzoco

West USA Realty License #SA529676000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,575

Year Built

  • Built in 1963

Lot Details

  • 9,583

Home Design

  • Built-Up Roof

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Shaw Butte Elementary And Middle School
  • Thunderbird High School

Utilities

  • Multiple cooling system units
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 149-04-018

Community Details

Overview

  • 4 Units
  • Building Dimensions are irr
  • Garden Villas Subdivision

Building Details

  • Operating Expense $10,095
  • Gross Income $26,679
  • Net Operating Income $16,584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,575

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 19th Ave/Cactus
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1963
  • Tax Year: 2018
  • Directions: From 19th Ave go west on Cactus to property. It is the fifth 4 plex on the right as you enter the complex.
  • Road Surface Type: Asphalt
  • Subdivision Name: Garden Villas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Slump Block
  • Roof: Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • 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:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: 2 or More Units, Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 1500.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Shaw Butte School
  • High School: Thunderbird High School
  • Middle Or Junior School: Shaw Butte School

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 149-04-018

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 26678.88
  • Insurance Expense: 1020.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 16584.0
  • Annual Operating Expense: 10095.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1575.0
  • Tax Book Number: 149.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2018
Closed on
Jul 16, 2019
Sold by
Kruse Properties Llc
Bought by
Ferzoco Perry
Seller's Agent
David Hayes
Varsity Realty
Buyer's Agent
Lori Ferzoco
West USA Realty
List Price
$259,000
Sold Price
$255,000
Premium/Discount to List
-$4,000
-1.54%
Current Estimated Value
$499,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,305
Avg. Annual Appreciation
12.36%
Original Mortgage
$225,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2015
Sold by
Kruse Susie A and Kruse David W
Bought by
Kruse Properties Llc

Purchase Details

Closed on
Mar 25, 2010
Sold by
Rich Phillip
Bought by
Kruse David and Kruse Susie

Purchase Details

Closed on
May 2, 2006
Sold by
Eklhorn Properties Llc
Bought by
Rich Philip and Rich Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,900
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 2005
Sold by
Gonzalez Marco Anthony and Jonas John J
Bought by
Elkhorn Properties Llc

Purchase Details

Closed on
Feb 21, 2005
Sold by
Jonas Elizabeth Duarte
Bought by
Jonas John J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 17, 2004
Sold by
Kliegl Jerald J and Kliegl Yachodara
Bought by
Davi Gary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2004
Sold by
Ameetec Systems Llc
Bought by
Kliegl Jerald J and Kliegl Yachodara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,800
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2004
Sold by
Mee John M and Mee Grace W
Bought by
Ameetec Systems Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,800
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ferzoco Perry $255,000 Chicago Title Agency Inc
Kruse Properties Llc -- None Available
Kruse David $105,000 Chicago Title
Rich Philip $379,900 Capital Title Agency Inc
Elkhorn Properties Llc -- --
Jonas John J -- Capital Title Agency Inc
Gonzalez Marco Anthony -- Capital Title Agency Inc
Gonzalez Marco Anthony $320,000 Capital Title Agency Inc
Davi Gary S $265,000 Capital Title Agency Inc
Kliegl Jerald J $212,250 Capital Title Agency Inc
Ameetec Systems Llc -- Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferzoco Perry $224,000
Closed Ferzoco Perry $225,000
Previous Owner Rich Philip $303,900
Previous Owner Gonzalez Marco A $256,000
Previous Owner Gonzalez Marco Anthony $32,000
Previous Owner Davi Gary S $212,000
Previous Owner Kliegl Jerald J $169,800
Previous Owner Mee John M $148,800
Closed Davi Gary S $26,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2019 07/19/19 Sold $255,000 -1.5% $71 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
06/05/2019 06/05/19 For Sale $259,000 0.0% $72 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
04/16/2019 04/16/19 For Sale $259,000 0.0% $72 / Sq Ft
04/16/2019 04/16/19 Price Changed $259,000 -5.8% $72 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $275,000 +7.8% $76 / Sq Ft
02/01/2019 02/01/19 Off Market $255,000 -- --
12/26/2018 12/26/18 Pending -- -- --
12/14/2018 12/14/18 For Sale $275,000 -- $76 / 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 $1,757 $14,363 -- --
2024 $1,725 $13,679 -- --
2023 $1,725 $38,310 $7,660 $30,650
2022 $1,668 $26,460 $5,290 $21,170
2021 $1,690 $24,810 $4,960 $19,850
2020 $1,648 $22,810 $4,560 $18,250
2019 $1,618 $19,930 $3,980 $15,950
2018 $1,575 $16,300 $3,260 $13,040
2017 $1,567 $15,270 $3,050 $12,220
2016 $1,539 $14,760 $2,950 $11,810
2015 $1,425 $14,450 $2,890 $11,560
Source: Public Records

Agents Affiliated with this Home

  • David Hayes

    Seller's Agent in 2019

    David Hayes

    Varsity Realty

    (623) 455-8924

    3 in this area

    33 Total Sales

    Section Image
  • Lori Ferzoco

    Buyer's Agent in 2019

    Lori Ferzoco

    West USA Realty

    (623) 205-6970

    1 in this area

    42 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5857525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 149-04-018

Arizona Maricopa County Phoenix 85029 North Mountain Village

2024 W Cactus Rd, Phoenix, AZ

This home is located at 2024 W Cactus Rd, Phoenix, AZ 85029 since 14 December 2018 and is currently estimated at $499,305, approximately $138 per square foot. This property was built in 1963. 2024 W Cactus Rd is a home located in Maricopa County with nearby schools including Shaw Butte School, Mountain Sky Jr. High School, and Thunderbird High School.

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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