$124,500
SOLD NOV 14, 2014
-- Bed
-- Bath
2,112 Sq Ft
1964 Built

Recently Sold

$59 Per Sq Ft

3% Below List Price

8 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of November 2014

Great investment opportunity! This property is turn key and fully leased...CASH FLOWING. Each unit also has a small patio area at the rear. Close to downtown, 1-17, bus lines, and shopping. Excellent opportunity for an investor looking for low maintenance or potential owner occupant looking for cash flow with minimum out of pocket expenses. Please drive by only. Call Listing Agent with further questions.

Last Agent to Sell the Property

Michael Finch

Caliber Realty Group, LLC License #SA576104000 Listed on: 09/26/2014

Last Buyer's Agent

Jason Sequeira

My Home Group Real Estate License #SA644345000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $657

Year Built

  • Built in 1964

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces

Schools

  • Augustus H Shaw Jr Montessori Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 109-32-028

Community Details

Overview

  • 3 Units
  • Building Dimensions are 7000
  • Capitol Subdivision

Building Details

  • Operating Expense $7,007
  • Gross Income $16,135
  • Net Operating Income $10,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$657

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: 19TH AVE AND ADAMS
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1964
  • Tax Year: 2014
  • Directions: From Van Buren & 19th Ave, drive south on 19th Ave. Turn right, heading west on Adams to site on the south side of street.
  • Road Surface Type: Sidewalk(s)
  • Subdivision Name: CAPITOL
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric, Other, See Remarks
  • Heating: Electric, Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Electric: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 400.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • High School: Central High School
  • Middle Or Junior School: Augustus H Shaw Jr Montessori School

Lot Info

  • Lot Size: 7000
  • Additional Parcels: No
  • Parcel #: 109-32-028

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 300.0
  • Annual Gross Income: 16135.2
  • Insurance Expense: 750.0
  • Maintenance Expense: 1500.0
  • Property Net Operating Income: 10185.0
  • Annual Operating Expense: 7006.6
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 656.6
  • Tax Book Number: 109.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2017
Sold by
Proctor Robert and Proctor Loretta S
Bought by
Sims Realty Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,496
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 26, 2014
Closed on
Nov 4, 2014
Sold by
Proctor Robert and Proctor Loretta S
Bought by
Proctor Robert and Proctor Loretta S
Seller's Agent
Michael Finch
Caliber Realty Group, LLC
Buyer's Agent
Jason Sequeira
My Home Group Real Estate
List Price
$128,000
Sold Price
$124,500
Premium/Discount to List
-$3,500
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.21%
Original Mortgage
$122,244
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 26, 2014
Closed on
Sep 30, 2014
Sold by
Sanjel Krum Investments Az Llc
Bought by
Kss Financial Housing Llc
Seller's Agent
Michael Finch
Caliber Realty Group, LLC
Buyer's Agent
Jason Sequeira
My Home Group Real Estate
List Price
$128,000
Sold Price
$124,500
Premium/Discount to List
-$3,500
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,244
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 2013
Sold by
Freeman Theodore L and Freeman Susan B
Bought by
Sanjel Krum Investments Az Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
4.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2010
Sold by
Bankunited
Bought by
Russell William M

Purchase Details

Closed on
Apr 19, 2010
Sold by
Valerio Domingo
Bought by
Bankunited and Bankunited Fsb

Purchase Details

Closed on
Apr 12, 2007
Sold by
Valerio Maria
Bought by
Valerio Domingo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2004
Sold by
Bosch Brian
Bought by
Valerio Domingo and Valerio Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.62%
Mortgage Type
New Conventional
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 $152,500 Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Interfamily Deed Transfer -- Lawyers Title Of Arizona Inc
Warranty Deed $124,500 Lawyers Title Of Arizona Inc
Warranty Deed -- Equity Title Agency Inc
Warranty Deed $222,000 Driggs Title Agency Inc
Cash Sale Deed $51,000 Multiple
Trustee Deed $225,898 Great American Title
Interfamily Deed Transfer -- Security Title Agency Inc
Warranty Deed $130,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Future Advance Clause Open End Mortgage
Closed $149,496 Purchase Money Mortgage
Previous Owner $122,244 FHA
Previous Owner $100,000 Purchase Money Mortgage
Previous Owner $72,336 Unknown
Previous Owner $85,140 Unknown
Previous Owner $222,000 Purchase Money Mortgage
Previous Owner $196,000 New Conventional
Previous Owner $14,400 Credit Line Revolving
Previous Owner $21,500 Unknown
Previous Owner $153,000 Unknown
Previous Owner $104,000 New Conventional
Closed $26,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $499,900 -3.7% --
07/12/2025 07/12/25 Price Changed $519,000 -1.9% --
06/25/2025 06/25/25 Price Changed $529,000 -1.9% --
06/12/2025 06/12/25 Price Changed $539,000 -3.6% --
05/29/2025 05/29/25 For Sale $559,000 +349.0% --
11/14/2014 11/14/14 Sold $124,500 -2.7% $59 / Sq Ft
10/03/2014 10/03/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $128,000 -- $61 / Sq Ft
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 $791 $5,918 -- --
2024 $784 $5,636 -- --
2023 $784 $27,180 $5,430 $21,750
2022 $756 $18,310 $3,660 $14,650
2021 $750 $16,550 $3,310 $13,240
2020 $759 $14,130 $2,820 $11,310
2019 $758 $12,070 $2,410 $9,660
2018 $745 $9,650 $1,930 $7,720
2017 $727 $9,070 $1,810 $7,260
2016 $707 $6,860 $1,370 $5,490
2015 $654 $5,930 $1,180 $4,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5176691

Arizona Regional Multiple Listing Service (ARMLS)

APN: 109-32-028