NOT LISTED FOR SALE

Estimated Value: $1,104,080 - $1,235,000

5 Beds
-- Bath
2,992 Sq Ft
$384/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $1,075,000 $359 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,480/month

91 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heating unit installed on the ceiling
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of August 2022

Well maintained, mid-century, gated fourplex close to everything Arcadia-Lite & Biltmore has to offer!

There are (3) one bed / one bath and (1) two bed / one bath units. Various improvements have been completed, including remodeled kitchens with granite countertops and remodeled bathrooms.

The community features on-site laundry facilities, plenty of covered parking and is fully gated. The units are individually metered for electricity, master metered for water, sewer and trash.

Located in the highly rated Madison School District! Nearby are city parks, public transportation, freeway access, shopping, entertainment and more!

This fourplex offers an investor the opportunity to buy a stabilized property in a great Phoenix location.

Last Agent to Sell the Property

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 04/16/2022

Last Buyer's Agent

Sean Mahoney

HomeSmart License #SA632459000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1961

Lot Details

  • 0.26

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gas, electricity, trash collection, water, sewer
  • Legal Lot and Block 2 / 3
  • Assessor Parcel Number 163-31-040-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are UNK
  • Homeside Acres Subdivision

Building Details

  • Operating Expense $24,752
  • Gross Income $43,438
  • Net Operating Income $18,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,568

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Cross Street: 20th St & Indian School Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1961
  • Tax Year: 2021
  • Directions: From 20th St & Indian School Rd, head North on 20th St, then turn East on Glenrosa Ave, property is on the North side of Glenrosa Ave
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2739.69
  • Subdivision Name: HOMESIDE ACRES
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, 1 Space/Unit, Common
  • 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:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1040.56
  • Trash Expense: 1768.36
  • Annual Water Sewer Expense: 1338.6

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: UNK
  • Additional Parcels: No
  • Parcel #: 163-31-040-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity
  • Number Of Units Total: 4
  • Electric Expense: 863.63
  • Annual Gross Income: 43438.27
  • Insurance Expense: 3731.84
  • Maintenance Expense: 3998.83
  • Property Net Operating Income: 18686.38
  • Annual Operating Expense: 24751.89

Tax Info

  • Tax Annual Amount: 2568.0
  • Tax Block: 3
  • Tax Book Number: 163.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
Aug 17, 2022
Sold by
Acg-2030 Glenrosa Lllp
Bought by
Eccen Llc
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Sean Mahoney
HomeSmart
List Price
$1,195,000
Sold Price
$1,075,000
Premium/Discount to List
-$120,000
-10.04%
Views
3
Current Estimated Value
$1,148,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,020
Avg. Annual Appreciation
-0.38%

Purchase Details

Closed on
Aug 10, 2020
Sold by
Free David and Calkins Mike
Bought by
Acg 2030 Glenrosa Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2020
Sold by
S & R Twin Palms Llc
Bought by
Free David and Calkins Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2014
Sold by
Rossi Steven
Bought by
S & R Twin Palms Llc

Purchase Details

Closed on
Sep 1, 1994
Sold by
Rossi Robert R
Bought by
Rossi Steven R
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
Eccen Llc $1,075,000 American Title Services
Acg 2030 Glenrosa Lllp -- Accommodation
Free David $650,000 American Title Svc Agcy Llc
S & R Twin Palms Llc -- None Available
Rossi Steven R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Free David $487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2022 08/17/22 Sold $1,075,000 0.0% $359 / Sq Ft
08/12/2022 08/12/22 Price Changed $1,075,000 -10.0% $359 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $1,195,000 -- $399 / 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 $2,697 $21,711 -- --
2024 $2,624 $20,677 -- --
2023 $2,624 $77,900 $15,580 $62,320
2022 $2,546 $58,020 $11,600 $46,420
2021 $2,568 $52,020 $10,400 $41,620
2020 $2,528 $48,120 $9,620 $38,500
2019 $2,472 $36,980 $7,390 $29,590
2018 $2,412 $28,570 $5,710 $22,860
2017 $2,298 $28,280 $5,650 $22,630
2016 $2,219 $23,080 $4,610 $18,470
2015 $2,061 $19,820 $3,960 $15,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6384574

Arizona Regional Multiple Listing Service (ARMLS)

APN: 163-31-040A