NOT LISTED FOR SALE

2220 W Devonshire Ave Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $367,000 - $646,000

Studio
4 Baths
3,208 Sq Ft
$168/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $165,000 $51 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $2,945/month

7 Days on Market

About This Home

As of November 2014

4 unit multi GATED family property at 19th Ave and Indian School--great cash flow opportunity. Property has three 2 bedroom apartments, one 2 bedroom single family home, four covered parking spaces and storage sheds. All units have privately fenced in back patios/yards and washer hook ups. Monthly income is $2099.

Last Agent to Sell the Property

Jennie Miller PLLC

Market Edge Realty, LLC License #BR638404000 Listed on: 10/21/2014

Last Buyer's Agent

Ismeta Hajric

HomeSmart License #SA555865000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1962

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • R E Simpson Elementary And Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, water, landscaping
  • Tax Lot 5
  • Assessor Parcel Number 154-29-046

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are IRR

Building Details

  • Gross Income $24,432
  • Net Operating Income $16,310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,269

Year Built

Built in 1962

Lot Details

0.28 Acres

Listing Details

  • Cross Street: 23RD AVE & INDIAN SCHOOL
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Year Built: 1962
  • Tax Year: 2013
  • Road Surface Type: Asphalt, Sidewalk(s), Alley
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: See Remarks, Composition, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Total Parking Spaces: 4.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Individual, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool
  • Amenities: Other

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Schools

  • Elementary School: R E Simpson School
  • High School: Central High School
  • Middle Or Junior School: R E Simpson School

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 154-29-046

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 24432.36
  • Insurance Expense: 1400.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 16310.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1269.0
  • Tax Book Number: 154.00
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2014
Closed on
Dec 9, 2014
Sold by
Hajric Sadmir and Hajric Ismeta
Bought by
Monte Properties Llc
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Ismeta Hajric
HomeSmart
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%
Current Estimated Value
$538,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,459
Avg. Annual Appreciation
11.11%
Original Mortgage
$123,750
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 21, 2014
Closed on
Nov 21, 2014
Sold by
Jad Property Investments Llc
Bought by
Hajric Sadmir and Hajric Ismeta
Seller's Agent
Jennie Miller PLLC
Market Edge Realty, LLC
Buyer's Agent
Ismeta Hajric
HomeSmart
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2012
Sold by
Mecagni Anna
Bought by
Jad Property Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2012
Sold by
Dalessandro Jerry
Bought by
Mecagni Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2012
Sold by
Kmd Holdings Llc
Bought by
Wilhoit Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2011
Sold by
Jra Investments Llc
Bought by
Kmd Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2011
Sold by
Hsbc Bank Usa Na
Bought by
Jra Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2010
Sold by
Alvarado Jesus
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Jan 10, 2005
Sold by
Boquecosa Brian and 301 Investments Llc
Bought by
Alvarado Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2004
Sold by
Gamez Luz R
Bought by
Alvarado Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2004
Sold by
Boquecosa Brian
Bought by
301 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2003
Sold by
Kuon Nipha and Chao Sopheap
Bought by
Boquecosa Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,202
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2001
Sold by
Murray Jack Thomas and Murray Lisa Annette
Bought by
Murray Jack T and Murray Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2001
Sold by
Murray Jack T and Murray Lisa A
Bought by
Kuon Nipha and Chao Sopheap

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 1996
Sold by
Orsburn Dayton and Dale Enterprises Trust
Bought by
Brook Max

Purchase Details

Closed on
Nov 3, 1994
Sold by
Orsburn Leah and Orsburn Dayton
Bought by
Orsburn Leah

Purchase Details

Closed on
Apr 4, 1994
Sold by
Kalla Subhi M
Bought by
Orsburn Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,330
Interest Rate
7.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1993
Sold by
Baldwin
Bought by
Keyes Thomas D and Keyes Louis
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
Monte Properties Llc -- None Available
Hajric Sadmir $165,000 First Arizona Title Agency
Jad Property Investment Llc -- None Available
Mecagni Anna -- Chicago Title Agency Inc
Mecagni Anna $135,000 Chicago Title Agency Inc
Wilhoit Rentals Llc $130,000 Stewart Title & Trust Of Pho
Kmd Holdings Llc $55,000 Security Title Agency
Jra Investments Llc $50,199 Security Title Agency
Hsbc Bank Usa Na $102,000 None Available
Hsbc Bank Usa Na $102,000 None Available
Alvarado Jesus $265,000 Capital Title Agency Inc
Alvarado Jesus -- Capital Title Agency Inc
301 Investments Llc -- --
Boquecosa Brian $225,780 Capital Title Agency Inc
Murray Jack T -- Security Title Agency
Kuon Nipha $155,000 Security Title Agency
Brook Max $90,000 Capital Title Agency
Brook Max $90,000 Capital Title Agency
Orsburn Dayton -- Capital Title Agency
Orsburn Leah -- --
Orsburn Leah $113,330 First American Title
Keyes Thomas D -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hajric Sadmir $123,750
Previous Owner Mecagni Anna $94,500
Previous Owner Wilhoit Rentals Llc $245,000
Previous Owner Jra Investments Llc $100,000
Previous Owner Alvarado Jesus $238,500
Previous Owner Alvarado Jesus $238,500
Previous Owner Boquecosa Brian $203,202
Previous Owner Kuon Nipha $139,500
Previous Owner Orsburn Leah $113,330
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2014 11/26/14 Sold $165,000 -2.9% $51 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $170,000 -- $53 / Sq Ft
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 $2,159 $13,657 -- --
2024 $1,971 $13,007 -- --
2023 $1,971 $47,870 $9,570 $38,300
2022 $1,941 $31,820 $6,360 $25,460
2021 $1,959 $29,780 $5,950 $23,830
2020 $1,883 $25,310 $5,060 $20,250
2019 $1,860 $20,830 $4,160 $16,670
2018 $1,717 $17,800 $3,560 $14,240
2017 $1,696 $17,130 $3,420 $13,710
2016 $1,624 $14,870 $2,970 $11,900
2015 $1,537 $12,700 $2,540 $10,160
Source: Public Records

Agents Affiliated with this Home

  • Jennie Miller PLLC

    Seller's Agent in 2014

    Jennie Miller PLLC

    Market Edge Realty, LLC

    (480) 382-9681

    3 in this area

    45 Total Sales

    Jennie Miller PLLC
    Section Image

  • I

    Buyer's Agent in 2014

    Ismeta Hajric

    HomeSmart

    (480) 980-8789

    3 Total Sales

    Ismeta Hajric
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5188649

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-29-046

Arizona Maricopa County Phoenix 85015 Alhambra

2220 W Devonshire Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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