M
Seller's Agent in 2018
Maria Kovrig
ESM Properties LLC
210 E Illini St Phoenix, AZ 85040
South Mountain Neighborhood
31
Beds
1
Bath
450
Sq Ft
1946
Built
Highlights
- Central Air
- Cesar E Chavez Community School Rated 9+
- Heating System Uses Natural Gas
About This Home
As of August 2018PROVEN UPSIDE POTENTIAL! Exciting opportunity to own 16 two-bedroom apartments in 12 detached buildings on over an acre of land. Located approximately one mile from downtown Phoenix. Sellers have renovated 7 units and raised rents from $600 to $850 per month! 14 of the units are occupied while 2 have been vacated for future renovation. Strong demand in the area and tremendous rental upside has been proven. Ample parking with 32 stalls at the center of the project and 4 at the front. Most units individually metered for electricity. Priced to sell at under $62K per unit! If you've been looking for a property with upside, this is it! PLEASE DO NOT DISTURB TENANTS – CONTACT LISTING AGENT FOR SHOWING.
Last Agent to Sell the Property
Maria Kovrig
ESM Properties LLC License #BR510121000 Listed on: 05/20/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,497
Year Built
- Built in 1946
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Parking
- 32 Open Parking Spaces
- 32 Parking Spaces
Schools
- Cesar Chavez High Elementary School
- Percy L Julian Middle School
- South Mountain High School
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 9
- Assessor Parcel Number 113-11-029
Community Details
Overview
- 12 Buildings
- 16 Units
- Building Dimensions are 49223
- Jobe Tract Subdivision
Building Details
- Operating Expense $44,297
- Gross Income $123,120
- Net Operating Income $78,823
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
Closed on
Jan 5, 2023
Sold by
Bought by
Purchase Details
Listed on
May 20, 2018
Closed on
Aug 4, 2018
Sold by
Bought by
Seller's Agent
Maria Kovrig
ESM Properties LLC
Buyer's Agent
Carlos Enriquez
HomeSmart
List Price
$985,000
Sold Price
$880,000
Premium/Discount to List
-$105,000
-10.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
0.045%
Mortgage Type
Commercial
Purchase Details
Listed on
Sep 13, 2016
Closed on
Dec 2, 2016
Sold by
Bought by
Seller's Agent
Sophia Baron
Real Broker
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$725,000
Sold Price
$720,000
Premium/Discount to List
-$5,000
-0.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$500,000
Interest Rate
0.0352%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 12, 2015
Closed on
Mar 29, 2016
Sold by
Bought by
Seller's Agent
Sophia Baron
Real Broker
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.96%
Original Mortgage
$355,000
Interest Rate
0.0365%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Apr 23, 2013
Closed on
Jun 27, 2013
Sold by
Bought by
Seller's Agent
Arturo Rubi
Rubi Realty
Buyer's Agent
Brent Benger
eXp Realty
List Price
$368,000
Sold Price
$304,400
Premium/Discount to List
-$63,600
-17.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.78%
Purchase Details
Closed on
Mar 6, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | -- | ||
| $880,000 | Security Title Agency Inc | ||
| $720,000 | Chicago Title Agency Inc | ||
| $525,000 | Chicago Title Agency Inc | ||
| $304,400 | Driggs Title Agency Inc | ||
| -- | Lawyers Title |
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 | $600,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $365,000 | ||
| Previous Owner | $355,000 |
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 |
|---|---|---|---|---|---|
| 08/10/2018 08/10/18 | Sold | $880,000 | -10.7% | $1,956 / Sq Ft | |
| 07/07/2018 07/07/18 | Price Changed | $985,000 | 0.0% | $2,189 / Sq Ft | |
| 06/19/2018 06/19/18 | Pending | -- | -- | -- | |
| 05/19/2018 05/19/18 | For Sale | $985,000 | +36.8% | $2,189 / Sq Ft | |
| 12/06/2016 12/06/16 | Sold | $720,000 | -0.7% | $1,600 / Sq Ft | View Prior Sale |
| 09/12/2016 09/12/16 | For Sale | $725,000 | +45.0% | $1,611 / Sq Ft | |
| 03/31/2016 03/31/16 | Sold | $500,000 | -9.1% | $1,111 / Sq Ft | View Prior Sale |
| 03/07/2016 03/07/16 | Pending | -- | -- | -- | |
| 11/12/2015 11/12/15 | For Sale | $550,000 | +80.7% | $1,222 / Sq Ft | |
| 07/02/2013 07/02/13 | Sold | $304,400 | -17.3% | $676 / Sq Ft | View Prior Sale |
| 05/13/2013 05/13/13 | Pending | -- | -- | -- | |
| 04/23/2013 04/23/13 | For Sale | $368,000 | -- | $818 / 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 | $2,955 | $19,596 | ||
| 2024 | $2,797 | $18,663 | ||
| 2023 | $2,797 | $104,020 | $20,800 | $83,220 |
| 2022 | $2,741 | $89,650 | $17,930 | $71,720 |
| 2021 | $2,796 | $83,260 | $16,650 | $66,610 |
| 2020 | $2,762 | $66,680 | $13,330 | $53,350 |
| 2019 | $2,672 | $62,180 | $12,430 | $49,750 |
| 2018 | $2,601 | $50,910 | $10,180 | $40,730 |
| 2017 | $2,479 | $36,660 | $7,330 | $29,330 |
| 2016 | $2,357 | $24,220 | $4,840 | $19,380 |
| 2015 | $2,219 | $25,180 | $5,030 | $20,150 |
Source: Public Records
Agents Affiliated with this Home
-
-
Carlos Enriquez
Buyer's Agent in 2018
Carlos Enriquez
HomeSmart
(602) 691-7705
1 in this area
38 Total Sales
-
Sophia Baron
Seller's Agent in 2016
Sophia Baron
Real Broker
(480) 375-0227
24 Total Sales
-
Baylee Estrada
B
Seller Co-Listing Agent in 2016
Baylee Estrada
Keller Williams Arizona Realty
(480) 688-8444
-
Michelle Hoogendoorn
Buyer's Agent in 2016
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
(480) 829-3460
2 in this area
12 Total Sales
-
Arturo Rubi
A
Seller's Agent in 2013
Arturo Rubi
Rubi Realty
(602) 576-0052
3 in this area
23 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5768911
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
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