$370,000
SOLD AUG 19, 2015

2103 W Morten Ave Phoenix, AZ 85021

Alhambra Neighborhood
-- Bed
-- Bath
500 Sq Ft
0.42 Acres

Recently Sold

$740 Per Sq Ft

6% Above List Price

10 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Washington High School Rated A-
  • Heating Available

About This Home

As of September 2021

Great income property. 9 units divided in 3 separate buildings. Great mix: two 3 bed + 1 bath with enclosed yard; one 2 bed + 1 bath with enclosed yard; two 2 bed + 1 bath; two 1 bed with enclosed yard; two studio units. Drive by only. Please do not disturb tenants. Inspections with accepted offer.

Last Agent to Sell the Property

G. William Franco

Compass Management Group License #BR628578000 Listed on: 05/20/2015

Last Buyer's Agent

Dave Fernandez

DeLex Realty License #BR043628000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,215

Year Built

  • Built in 1968

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 116
  • Assessor Parcel Number 157-22-039

Community Details

Overview

  • 3 Buildings
  • 9 Units
  • Building Dimensions are 18200
  • Vista Income Estates 2 Subdivision

Building Details

  • Operating Expense $26,140
  • Net Operating Income $32,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,215

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cross Street: 21st Ave and Morten
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1968
  • Tax Year: 2014
  • Directions: 21st Ave. and Morten Ave
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4000.0
  • Subdivision Name: VISTA INCOME ESTATES 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Wall/Window Unit(s)
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 6100.0

Lot Info

  • Lot Size: 18200
  • Additional Parcels: No
  • Parcel #: 157-22-039

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 9
  • Electric Expense: 2841.0
  • Insurance Expense: 2554.0
  • Maintenance Expense: 1530.0
  • Property Net Operating Income: 32929.0
  • Annual Operating Expense: 26140.0
  • Vacancy Allowance Rate: 10.0

Tax Info

  • Tax Annual Amount: 2215.0
  • Tax Book Number: 157.00
  • Tax Lot: 116

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2021 09/23/21 Sold $1,125,000 -16.7% $2,250 / Sq Ft
08/21/2021 08/21/21 Price Changed $1,350,000 0.0% $2,700 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $1,350,000 0.0% $2,700 / Sq Ft
05/23/2016 05/23/16 Rented $495 0.0% --
05/20/2016 05/20/16 Under Contract -- -- --
04/26/2016 04/26/16 Price Changed $495 -10.0% $1 / Sq Ft
03/11/2016 03/11/16 For Rent $550 0.0% --
08/19/2015 08/19/15 Sold $370,000 +6.0% $740 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $349,000 -- $698 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dave Fernandez

    Seller's Agent in 2021

    Dave Fernandez

    DeLex Realty

    (602) 469-7300

    2 in this area

    84 Total Sales

    Dave Fernandez
    Section Image
  • Jamie Mahalek

    Seller Co-Listing Agent in 2021

    Jamie Mahalek

    DeLex Realty

    (623) 910-2418

    2 in this area

    94 Total Sales

    Jamie Mahalek
    Section Image
  • Nure Elatari

    Buyer's Agent in 2021

    Nure Elatari

    eXp Realty

    (480) 270-5355

    2 in this area

    26 Total Sales

    Nure Elatari
    Section Image

  • S

    Seller's Agent in 2016

    Sherry L. Martin

    Venture REI, LLC

    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Maria Johnson

    Carino Properties, LLC

    (602) 402-9122

    5 Total Sales

    Maria Johnson
    Section Image

  • G

    Seller's Agent in 2015

    G. William Franco

    Compass Management Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5282772

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85021 Alhambra

2103 W Morten Ave, Phoenix, AZ

This home is located at 2103 W Morten Ave, Phoenix, AZ 85021 and is currently priced at $370,000, approximately $740 per square foot. This property was built in 1968. 2103 W Morten Ave is a home located in Maricopa County with nearby schools including Orangewood School, Washington High School, and SC Jensen Online.

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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