NOT LISTED FOR SALE

Estimated Value: $380,000 - $612,000

-- Bed
-- Bath
-- Sq Ft
8,668 Sq Ft Lot

Last Sold March 01, 2023

Last sale price $650,000

Est. 19% decrease in value since last sale

Current estimated payment $2,908/month

412 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of March 2023

**Please Do Not Disturb Tenants.** Rare find! Three detached homes on one lot! Centrally located near Freeway access, Sky Harbor Airport, Downtown Phoenix, grocery stores & dining. Unit 1 is the front house & has been completely remodeled! NEW FLOORING, CABINETS, APPLIANCES, COUNTERTOPS, PAINT, WINDOWS, CEILING FANS, THE LIST GOES ON! It features 2 bedrooms & 1 bathroom, family room, dining room & a private fenced back yard. Unit 2 has also been remodeled & features 2 bedrooms, 1 bathroom, BONUS ROOM, fireplace & yard. Unit 3 features 1 bedroom & 1 bathroom which has been recently updated with new flooring. Front house could work great for an owner occupied home and continue renting the back two units for extra cash flow. Front house currently on month to month lease.

Last Agent to Sell the Property

Lynette Clemens

Keller Williams Realty Sonoran Living License #SA549345000 Listed on: 12/03/2021

Keller Williams Realty Sonoran Living

Co-Listed By

Gina Petershagen

Keller Williams Realty Sonoran Living License #SA660333000

Last Buyer's Agent

Katrina Gonzalez

Decker and Associates Realty, LLC License #SA694400000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,364

Year Built

  • Built in 1935

Lot Details

  • 8,668

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 117-09-009

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are x
  • Vel Ru Heights Subdivision

Building Details

  • Operating Expense $4,757
  • Gross Income $31,800
  • Net Operating Income $27,043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,364

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Cross Street: 24th St & Thomas
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1935
  • Tax Year: 2020
  • Directions: South on 24th St to Oak St, west on Oak 2 blocks to 23rd St, south to property which will be on the west.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwaf06
  • Co List Office Phone: 480-444-7200
  • Subdivision Name: VEL RU HEIGHTS
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Other, Wood Frame, Painted, Stucco, Stone
  • Roof: Composition

Garage/Parking

  • Parking Features: Other, Free, <1 Space Per Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking Features Free2: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Submetered System, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1690.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: x
  • Additional Parcels: No
  • Parcel #: 117-09-009

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 31800.0
  • Insurance Expense: 1703.0
  • Property Net Operating Income: 27043.0
  • Annual Operating Expense: 4757.0

Tax Info

  • Tax Annual Amount: 1364.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2025
Sold by
Ame Holdings 2 Llc
Bought by
Earl Maria Sarrazin
Current Estimated Value
$527,839

Purchase Details

Closed on
Apr 2, 2024
Sold by
Earl Maria Sarrazin
Bought by
Ame Holdings 2 Llc

Purchase Details

Listed on
Dec 3, 2021
Closed on
Mar 1, 2023
Sold by
Cyrel Deborah Lynn
Bought by
Earl Maria Sarrazin
Seller's Agent
Lynette Clemens
Keller Williams Realty Sonoran Living
Buyer's Agent
Katrina Gonzalez
Decker and Associates Realty, LLC
List Price
$670,000
Sold Price
$650,000
Premium/Discount to List
-$20,000
-2.99%
Views
95

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.81%
Original Mortgage
$337,649
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2012
Sold by
A Afonso Leon Llc
Bought by
Cyrel Deborah Lynn

Purchase Details

Closed on
May 25, 2011
Sold by
U S Bank National Association
Bought by
A Aflonso Leon Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2011
Sold by
Herrera Mario J
Bought by
U S Bank National Association

Purchase Details

Closed on
Jan 10, 2007
Sold by
Herrera Maria F
Bought by
Herrera Mario J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Herrera Mario J
Bought by
Herrera Mario J and Herrera Maria F

Purchase Details

Closed on
Dec 23, 2002
Sold by
Herrera Maria F
Bought by
Herrera Mario J

Purchase Details

Closed on
Aug 19, 2002
Sold by
Herrera Victor M and Herrera Maria A
Bought by
Herrera Mario J and Herrera Maria F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 1995
Sold by
Compton Christopher C
Bought by
Herrera Mario J and Herrera Maria F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Earl Maria Sarrazin -- None Listed On Document
Ame Holdings 2 Llc -- None Listed On Document
Earl Maria Sarrazin $650,000 Security Title Agency
Cyrel Deborah Lynn -- None Available
A Aflonso Leon Llc $54,400 Lawyers Title Of Arizona Inc
U S Bank National Association $80,249 Accommodation
Herrera Mario J -- Security Title Agency Inc
Herrera Mario J -- --
Herrera Mario J -- Security Title Agency
Herrera Mario J -- Security Title Agency
Herrera Mario J $65,000 United Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ame Holdings 2 Llc $300,000
Previous Owner Ame Holdings 2 Llc $250,000
Previous Owner Earl Maria Sarrazin $337,649
Previous Owner A Afonso Leon Llc $75,000
Previous Owner Herrera Mario J $170,000
Previous Owner Herrera Mario J $105,000
Previous Owner Herrera Mario J $44,000
Previous Owner Herrera Mario J $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $650,000 -3.0% --
12/16/2022 12/16/22 For Sale $670,000 +3.1% --
11/04/2022 11/04/22 Off Market $650,000 -- --
09/06/2022 09/06/22 Price Changed $670,000 -4.3% --
08/03/2022 08/03/22 For Sale $700,000 0.0% --
08/03/2022 08/03/22 Price Changed $700,000 +7.7% --
12/21/2021 12/21/21 Off Market $650,000 -- --
12/03/2021 12/03/21 For Sale $500,000 -- --
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 $1,437 $11,058 -- --
2024 $1,421 $10,531 -- --
2023 $1,421 $32,660 $6,530 $26,130
2022 $1,365 $25,050 $5,010 $20,040
2021 $1,398 $21,580 $4,310 $17,270
2020 $1,364 $19,670 $3,930 $15,740
2019 $1,355 $16,120 $3,220 $12,900
2018 $1,327 $14,270 $2,850 $11,420
2017 $1,276 $11,700 $2,340 $9,360
2016 $1,226 $11,830 $2,360 $9,470
2015 $1,141 $10,420 $2,080 $8,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6327973

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-09-009