2038 W Cactus Rd Phoenix, AZ 85029
North Mountain Village Neighborhood
--
Bed
--
Bath
3,600
Sq Ft
1963
Built
Highlights
- Cooling Available
- Thunderbird High School Rated A-
- Heating Available
About This Home
As of May 2025CASH FLOW. Great investment opportunity in North Phoenix. 100% occupied. Always rented – 3 of the 4 current tenants have been in place for more than a year. $25,800 in yearly rental income (which includes a small discount to rent of on-site maintenance man). Each Unit rents for $550/month. Gross ROI is 14.74% at list price. Great price, as owners are selling all their rental properties. Property may need some amount of repair, but there are no immediate maintenance issues – happy home to 4 families. Concrete / block construction and all units are fully tiled – low maintenance.
Co-Listed By
Alexa Perkins
HomeSmart License #SA651514000
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,138
Year Built
- Built in 1963
Home Design
- Foam Roof
- Block Exterior
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for water, sewer
- Tax Lot 2038
- Assessor Parcel Number 149-04-025
Community Details
Overview
- 4 Units
- Building Dimensions are IRR
- Garden Villas Subdivision
Building Details
- Operating Expense $1,138
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2025
Closed on
Mar 31, 2025
Sold by
Star 2021-Sfr2 Borrower Lp
Bought by
Sfr Rs Owner Lp
Seller's Agent
James Diller
Real Broker
Buyer's Agent
James Roberts
My Home Group Real Estate
List Price
$540,000
Sold Price
$535,000
Premium/Discount to List
-$5,000
-0.93%
Total Days on Market
23
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.91%
Purchase Details
Closed on
Dec 14, 2021
Sold by
Rs Phoenix Owner 2 Lp
Bought by
Star 2021 Sfr2 Borrower Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,412,980
Interest Rate
3.11%
Mortgage Type
Commercial
Purchase Details
Listed on
Aug 27, 2019
Closed on
Sep 16, 2019
Sold by
Barrett Tyler and Rivera Rodney
Bought by
Rs Phoenix Owner 2 L P
Seller's Agent
Tim Hadrich
Regent Goldstar Real Estate
Buyer's Agent
Corey Wilson
HomeSmart
List Price
$319,000
Sold Price
$300,000
Premium/Discount to List
-$19,000
-5.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%
Purchase Details
Listed on
Aug 3, 2014
Closed on
Oct 30, 2014
Sold by
Ismailyan Vram
Bought by
Barrett Tyler and Rivera Rodney
Seller's Agent
Tim Hadrich
Regent Goldstar Real Estate
Buyer's Agent
Tim Hadrich
Regent Goldstar Real Estate
List Price
$175,000
Sold Price
$167,500
Premium/Discount to List
-$7,500
-4.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%
Original Mortgage
$125,625
Interest Rate
4.2%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 19, 2014
Closed on
Apr 17, 2014
Sold by
Kilgore Kenneth C and Kilgore Machele
Bought by
Ismailyan Vram
Seller's Agent
Mark Perkins
HomeSmart
Buyer's Agent
Mark Perkins
HomeSmart
List Price
$175,000
Sold Price
$167,000
Premium/Discount to List
-$8,000
-4.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.68%
Original Mortgage
$167,000
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 28, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Kilgore Kenneth C and Kilgore Machele
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
5.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 14, 2009
Sold by
Ferchau Joerg
Bought by
Hsbc Bank Usa National Association and Naac 2006-Ar3
Purchase Details
Closed on
Jun 8, 2006
Sold by
Ferchau Carol
Bought by
Ferchau Joerg
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
7.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 1, 2006
Sold by
Elkhorn Properties Llc
Bought by
Ferchau Joerg
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
7.87%
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
$224,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 17, 2004
Sold by
Kliegl Jerald J and Kliegl Yachodara
Bought by
Davi Gary
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
5.87%
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
$191,025
Interest Rate
8.24%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 3, 2003
Sold by
Mee Warren H
Bought by
Ameetec Systems Llc
Purchase Details
Closed on
Jan 13, 2003
Sold by
Mee Warren H
Bought by
Ameetec Systems Llc
Purchase Details
Closed on
Oct 19, 2001
Sold by
Flores Jeffrey R and Flores Kathleen D
Bought by
Mee Warren H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.87%
Map
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
Similar Home in Phoenix, AZ
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | Stewart Title | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | $300,000 | Premier Title Agency | |
| Grant Deed | $167,500 | Chicago Title Agency Inc | |
| Warranty Deed | $167,000 | Great American Title Agency | |
| Special Warranty Deed | $108,000 | First American Title Ins Co | |
| Trustee Deed | $321,916 | Accommodation | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $379,900 | Capital Title Agency Inc | |
| Special Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Warranty Deed | $320,000 | Capital Title Agency Inc | |
| Warranty Deed | $265,000 | Capital Title Agency Inc | |
| Warranty Deed | $212,250 | Capital Title Agency Inc | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | Capital Title Agency Inc | |
| Warranty Deed | $186,000 | Stewart Title & Trust Phoeni | |
| Special Warranty Deed | $1,740,000 | Stewart Title & Trust Phoeni |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $256,412,980 | Commercial | |
| Previous Owner | $187,600 | New Conventional | |
| Previous Owner | $125,625 | New Conventional | |
| Previous Owner | $167,000 | Purchase Money Mortgage | |
| Previous Owner | $75,600 | New Conventional | |
| Previous Owner | $303,900 | Purchase Money Mortgage | |
| Previous Owner | $224,000 | New Conventional | |
| Previous Owner | $212,000 | New Conventional | |
| Previous Owner | $191,025 | New Conventional | |
| Previous Owner | $148,800 | No Value Available | |
| Closed | $26,500 | No Value Available | |
| Closed | $64,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | Sold | $535,000 | -0.9% | $149 / Sq Ft |
| 04/03/2025 04/03/25 | Pending | -- | -- | -- |
| 03/27/2025 03/27/25 | For Sale | $540,000 | 0.0% | $150 / Sq Ft |
| 02/19/2025 02/19/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | For Sale | $540,000 | +80.0% | $150 / Sq Ft |
| 09/21/2019 09/21/19 | Sold | $300,000 | -6.0% | $83 / Sq Ft |
| 08/29/2019 08/29/19 | Pending | -- | -- | -- |
| 08/21/2019 08/21/19 | For Sale | $319,000 | +90.4% | $89 / Sq Ft |
| 09/30/2014 09/30/14 | Sold | $167,500 | -4.3% | $47 / Sq Ft |
| 08/18/2014 08/18/14 | Pending | -- | -- | -- |
| 08/02/2014 08/02/14 | For Sale | $175,000 | +4.8% | $49 / Sq Ft |
| 04/24/2014 04/24/14 | Sold | $167,000 | -4.6% | $46 / Sq Ft |
| 04/11/2014 04/11/14 | Pending | -- | -- | -- |
| 03/19/2014 03/19/14 | For Sale | $175,000 | -- | $49 / 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 | $1,652 | $13,508 | -- | -- |
| 2024 | $1,622 | $12,864 | -- | -- |
| 2023 | $1,622 | $37,370 | $7,470 | $29,900 |
| 2022 | $1,569 | $25,800 | $5,160 | $20,640 |
| 2021 | $1,589 | $24,200 | $4,840 | $19,360 |
| 2020 | $1,550 | $22,250 | $4,450 | $17,800 |
| 2019 | $1,521 | $19,030 | $3,800 | $15,230 |
| 2018 | $1,482 | $15,360 | $3,070 | $12,290 |
| 2017 | $1,474 | $14,400 | $2,880 | $11,520 |
| 2016 | $1,447 | $13,910 | $2,780 | $11,130 |
| 2015 | $1,340 | $13,810 | $2,760 | $11,050 |
Source: Public Records
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5086834
APN: 149-04-025
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.
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
Nearby Homes
- 12245 N 21st Ave Unit 1
- 12245 N 21st Ave Unit 4
- 12445 N 21st Ave Unit 4
- 12445 N 21st Ave Unit 27
- 12445 N 21st Ave Unit 31
- 2039 W Ronald Rd
- 2051 W Ronald Rd
- 12231 N 22nd Ave
- 2033 W Sunnyside Ave
- 2227 W Paradise Dr
- 2255 W Bloomfield Rd
- 11613 N 21st Ave
- 2306 W Laurel Ln
- 2022 W Aster Dr
- 1601 W Sunnyside Dr Unit 154
- 2349 W Shaw Butte Dr
- 1945 W Sweetwater Ave Unit 2013
- 1945 W Sweetwater Ave Unit 1004
- 2348 W Laurel Ln Unit 4B
- 2037 W Wood Dr