NOT LISTED FOR SALE

Estimated Value: $240,000 - $1,349,747

Studio
13 Baths
4,896 Sq Ft
$188/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2013

Last sale price $475,000 $97 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,346 / mo

16 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of May 2013

This rare investment opportunity is now available at a significant discount. Surrounded by many newly renovated homes, this complex features mature landscaping on an irrigated lot and covered parking for 10 vehicles. With 12 units, this property has a large 1818 SQFT 3 bed/2 bath single family home, a 2 bed/2 bath single family home along with a duplex and two fourplexes. The duplex and fourplexes boast four 2 bed/1 bath units and six 1 bedroom units. Please call for any questions and do not disturb tenants. Units zoned for condominium conversion.

Last Agent to Sell the Property

Antonio Pellegrini

MCO Realty License #SA627046000 Listed on: 01/30/2013

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,146

Year Built

  • Built in 1935

Lot Details

  • 0.85

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Shake Roof
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Flooring

  • Concrete Flooring

Parking

  • 1 Open Parking Space
  • 11 Parking Spaces
  • 10 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 110-46-079

Community Details

Overview

  • 5 Buildings
  • 12 Units
  • Building Dimensions are 37026SQFT

Building Details

  • Operating Expense $33,722
  • Gross Income $71,136
  • Net Operating Income $33,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,146

Year Built

Built in 1935

Lot Details

0.85 Acres

Listing Details

  • Cross Street: 19th Avenue and Thomas Road
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 5
  • Year Built: 1935
  • Tax Year: 2012
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Painted, Stucco, Block, Frame - Wood, Slump Block
  • Roof: See Remarks, Composition, Built-Up, Rolled/Hot Mop, Shake
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes
  • Construction:Slump Block: Yes

Garage/Parking

  • Total Covered Spaces: 10.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 11.0
  • General Property Description:Covered Parking Spcs: 10.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Natural Gas
  • 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

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 16848.0

Lot Info

  • Lot Size: 37026SQFT
  • Additional Parcels: No
  • Parcel #: 110-46-079

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 4368.0
  • Annual Gross Income: 71136.0
  • Maintenance Expense: 10360.0
  • Property Net Operating Income: 33704.0
  • Annual Operating Expense: 33722.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2146.0
  • Tax Book Number: 110.00
  • Tax Lot: 0

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

Listed on
Jan 30, 2013
Closed on
May 13, 2013
Sold by
Bought by
Seller's Agent
Antonio Pellegrini
MCO Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Current Estimated Value
$918,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$443,916
Avg. Annual Appreciation
5.13%
Original Mortgage
$356,250
Interest Rate
0.035%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
0.062%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
0.0618%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,500
Interest Rate
0.0618%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 15, 2004
Sold by
Bought by
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

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
$475,000 Magnus Title Agency
-- Accommodation
$800,000 Camelback Title Agency Llc
$675,000 Camelback Title Agency Llc
-- Camelback Title Agency Llc
-- --
-- --
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
Open $356,250
Previous Owner $80,000
Previous Owner $600,000
Previous Owner $526,500
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
05/31/2013 05/31/13 Sold $475,000 -4.0% $97 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $495,000 -- $101 / 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 $3,605 $25,382
2024 $3,361 $24,173
2023 $3,361 $102,500 $20,500 $82,000
2022 $3,141 $75,980 $15,190 $60,790
2021 $3,123 $65,750 $13,150 $52,600
2020 $3,162 $56,420 $11,280 $45,140
2019 $3,158 $45,270 $9,050 $36,220
2018 $3,103 $35,400 $7,080 $28,320
2017 $3,022 $36,260 $7,250 $29,010
2016 $2,935 $31,810 $6,360 $25,450
2015 $2,706 $26,170 $5,230 $20,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4882567

Arizona Regional Multiple Listing Service (ARMLS)

APN: 110-46-079

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