$1,200,000
SOLD FEB 16, 2024
-- Bed
-- Bath
-- Sq Ft
6,795 Sq Ft Lot

Recently Sold

4% Below List Price

13 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • Ceiling Fan

About This Home

As of February 2024

Don't miss the unique investment opportunity. Own this brand new duplex on West St. Two units with mirror-image floor plans. 3 bed, 2.5 bath, with a single car garage and additional paved parking. Estimated construction completion date is January 2024. Excellent location with highly functional floor plans to maximize rent potential. Local appraiser suggests the scheduled rents at $3500 per unit so is a great cash flow investment at a total of $7000 projected monthly rent collection. Tremendous location as it is A very short walk to Coconino High School and local shops/restaurants. Owner/Agent.

Last Agent to Sell the Property

Tim Shinkle

Core Realty Professionals License #BR545921000 Listed on: 10/20/2023

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $859

Year Built

  • Built in 2023

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • 2 Covered Spaces
  • Paved Parking

Schools

  • Out Of Maricopa Cnty Elementary And Middle School
  • Out Of Maricopa Cnty High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for trash collection, gas, electricity, water, sewer, cable TV
  • Tax Lot 1
  • Assessor Parcel Number 107-02-140-A

Community Details

Overview

  • 2 Units
  • Building Dimensions are 50x135
  • Sunnyside Farms Subdivision

Building Details

  • Operating Expense $859
  • Gross Income $84,000
  • Net Operating Income $6,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$859

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Legal Info Range: 07E
  • Property Type: Multiple Dwellings
  • Zoning: Community Comme
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 2023
  • Tax Year: 2023
  • Road Surface Type: Concrete
  • Subdivision Name: SUNNYSIDE FARMS
  • Garage Yn: Yes
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Siding, Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved Parking, <1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 5.0
  • Garage Details: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Out of Maricopa Cnty
  • Junior High Dist: Flagstaff Unified District
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Lot Size: 50x135
  • Additional Parcels: No
  • Parcel #: 107-02-140-A

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 84000.0
  • Property Net Operating Income: 6710.0
  • Annual Operating Expense: 858.56

Tax Info

  • Tax Annual Amount: 858.56
  • Tax Book Number: 107.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Feb 16, 2024
Sold by
Mountain Town Homes Llc
Bought by
Beaumont 878 Llc
Seller's Agent
Tim Shinkle
Core Realty Professionals
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Views
41
Current Estimated Value
$1,317,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,000
Avg. Annual Appreciation
3.76%
Original Mortgage
$750,000
Outstanding Balance
$737,502
Interest Rate
6.62%
Mortgage Type
Seller Take Back
Estimated Equity
$534,498

Purchase Details

Closed on
Dec 6, 2023
Sold by
Mountain Town Homes Llc
Bought by
Beaumont 878 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.62%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed -- Pioneer Title
Warranty Deed $1,200,000 Pioneer Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 Seller Take Back
Previous Owner $750,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $1,200,000 0.0% --
02/16/2024 02/16/24 Sold $1,200,000 -4.0% $359 / Sq Ft
11/04/2023 11/04/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $1,250,000 0.0% --
06/22/2023 06/22/23 For Sale $1,250,000 +614.3% $374 / Sq Ft
01/20/2022 01/20/22 Sold $175,000 0.0% --
01/07/2022 01/07/22 Pending -- -- --
01/01/2022 01/01/22 For Sale $175,000 -- --
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 $893 $14,845 -- --
2024 $893 $14,143 -- --
2023 $806 $11,314 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6620525

Arizona Regional Multiple Listing Service (ARMLS)

APN: 107-02-140B