NOT LISTED FOR SALE

Estimated Value: $513,523 - $635,000

Studio
3 Baths
-- Sq Ft
7,144 Sq Ft Lot

Last Sold October 30, 2020

Last sale price $387,000

Est. 54% increase in value since last sale

Current estimated payment $3,236/month

13 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of October 2020

FANTASTIC 100% occupied triplex opportunity in Phoenix! Well maintained units ready for new owner to raise rents. Property offers central gated courtyard, 3 covered parking spaces plus additional alley parking, and private fenced yards & patios. Parking accessible from alley access of 21st St or 22nd St. Current leases are month to month. 1 bedrooms are rented for $500 and the 2 bedroom is $650. Financials below are Pro -Forma for where the market rents are. New owner would have to raise rents to achieve those numbers. Huge demand for rentals would make it easy to rent out! Great opportunity to purchase as an owner occupant with an FHA loan. Live in one of the units and have the tenants pay your mortgage!

Last Agent to Sell the Property

Kyle Bates

Real Broker License #SA638571000 Listed on: 09/08/2020

Real Broker

Co-Listed By

Kevin Langan

eXp Realty License #SA632130000

Last Buyer's Agent

Laurie Johnson

Keller Williams Arizona Realty License #BR633363000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,441

Year Built

  • Built in 1957

Lot Details

  • 7,144

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 119-23-056

Community Details

Overview

  • 3 Units
  • Building Dimensions are 66x110
  • Osborn Parkway 1 Lots 21 27 Subdivision

Building Details

  • Operating Expense $1,441
  • Gross Income $34,800
  • Net Operating Income $28,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,441

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Osborn & 20th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: myhg01
  • Co List Office Phone: 480-685-2760
  • Subdivision Name: OSBORN PARKWAY 1 LOTS 21-27
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: BI Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:BI OvenRange: 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: 3.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Ceiling Fan(s), Window/Wall Unit, Heat Pump
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Exterior Amenities:Fenced3: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 66x110
  • Additional Parcels: No
  • Parcel #: 119-23-056

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 34800.0
  • Property Net Operating Income: 28705.0
  • Annual Operating Expense: 1441.0

Tax Info

  • Tax Annual Amount: 1441.0
  • Tax Book Number: 119.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Oct 18, 2020
Sold by
Kennedy Matthew
Bought by
Fink Deborah E
Seller's Agent
Kyle Bates
Real Broker
Buyer's Agent
Laurie Johnson
Keller Williams Arizona Realty
List Price
$450,000
Sold Price
$387,000
Premium/Discount to List
-$63,000
-14%
Current Estimated Value
$597,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,131
Avg. Annual Appreciation
8.63%
Original Mortgage
$290,250
Outstanding Balance
$257,691
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$339,440

Purchase Details

Closed on
Aug 2, 2011
Sold by
Federal National Mortgage Association
Bought by
Kennedy Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,410
Interest Rate
4.48%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 20, 2010
Sold by
Diaz Jose F and Diaz Martina
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 19, 2006
Sold by
Blessing Jason
Bought by
Diaz Jose and Diaz Martina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2005
Sold by
Blessing Holly
Bought by
Blessing Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,920
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2004
Sold by
Women At Work Llc
Bought by
Ahokas Micki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2002
Sold by
Noack Robin L
Bought by
Woman At Work Llc

Purchase Details

Closed on
Dec 12, 1997
Sold by
Preuit Richard D
Bought by
Woman At Work Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.23%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Fink Deborah E $387,000 Landmark Title
Kennedy Matthew $71,000 Guaranty Title Agency
Federal National Mortgage Association $245,222 None Available
Diaz Jose $290,000 Arizona Title Agency Inc
Blessing Jason -- Title Partners Of Phoenix Ll
Blessing Jason $249,900 Title Partners Of Phoenix Ll
Ahokas Micki -- Camelback Title Agency Llc
Woman At Work Llc -- --
Woman At Work Llc -- Nations Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fink Deborah E $290,250
Previous Owner Kennedy Matthew $81,410
Previous Owner Diaz Jose $232,000
Previous Owner Blessing Jason $199,920
Previous Owner Ahokas Micki $151,000
Previous Owner Woman At Work Llc $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $387,000 -8.9% --
10/23/2020 10/23/20 Price Changed $425,000 0.0% --
09/21/2020 09/21/20 Pending -- -- --
09/17/2020 09/17/20 Price Changed $425,000 -5.6% --
09/08/2020 09/08/20 For Sale $450,000 -- --
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 $1,589 $11,763 -- --
2024 $1,512 $11,203 -- --
2023 $1,512 $45,610 $9,120 $36,490
2022 $1,452 $33,260 $6,650 $26,610
2021 $1,488 $31,430 $6,280 $25,150
2020 $1,451 $26,810 $5,360 $21,450
2019 $1,441 $21,550 $4,310 $17,240
2018 $1,412 $18,800 $3,760 $15,040
2017 $1,357 $16,470 $3,290 $13,180
2016 $1,305 $13,470 $2,690 $10,780
2015 $1,214 $11,710 $2,340 $9,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6129158

Arizona Regional Multiple Listing Service (ARMLS)

APN: 119-23-056