$1,058,750
SOLD FEB 4, 2025
-- Bed
-- Bath
10,640 Sq Ft
1963 Built

Recently Sold

$100 Per Sq Ft

27% Below List Price

112 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A

About This Home

As of February 2025

Each unit has been Recently updated. 3 units with 3 bedrooms & 2 baths, 2 units with 2 bedrooms & 1 bath. Stainless steel appliances. Covered parking. Easy access to freeway. This property presents a great opportunity for steady rental income and long-term value.

Last Agent to Sell the Property

Jacob Chapman

Realty85 License #BR583358000 Listed on: 10/03/2024

Last Buyer's Agent

Jeremy Pierce

Berkshire Hathaway HomeServices Arizona Properties License #SA685985000

Berkshire Hathaway HomeServices Arizona Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,559

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Vinyl Flooring

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces
  • On-Street Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 116-05-142-F

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 16097

Building Details

  • Operating Expense $1,559

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,559

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: 24th Street & McDowell Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2023
  • Directions: McDowell to 24th St turn south to Brill. West to Property on the right.
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: F
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: 1 Space/Unit, On Street
  • Attached Garage: No
  • Total Parking Spaces: 5.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features Street Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 16097
  • Additional Parcels: No
  • Parcel #: 116-05-142-F

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 5
  • Annual Operating Expense: 1559.0

Tax Info

  • Tax Annual Amount: 1559.0
  • Tax Book Number: 116.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Jan 30, 2025
Sold by
Capital Fund Reit Llc
Bought by
Ak Fs Capital Llc
Seller's Agent
Jacob Chapman
Realty85
Buyer's Agent
Jeremy Pierce
Berkshire Hathaway HomeServices Arizona Properties
List Price
$1,450,000
Sold Price
$1,058,750
Premium/Discount to List
-$391,250
-26.98%
Views
19
Current Estimated Value
$1,111,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,921
Avg. Annual Appreciation
11.95%
Original Mortgage
$1,015,000
Outstanding Balance
$1,015,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$106,477

Purchase Details

Closed on
Sep 16, 2024
Sold by
Mila Investing Llc
Bought by
Capital Fund Reit Llc

Purchase Details

Closed on
Oct 16, 2020
Sold by
Lfp Investments Llc
Bought by
2230 E Brill Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2007
Sold by
Fisher Larry A and Fisher Lani E
Bought by
Lfp Investments Llc

Purchase Details

Closed on
Feb 22, 2006
Sold by
Sargent D Brent
Bought by
Fisher Larry A and Fisher Lani E

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
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2003
Sold by
Sargent Tammy
Bought by
Sargent D Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2003
Sold by
Haddad William Y and Haddad Sawsan W
Bought by
Sargent D Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2000
Sold by
Wolf Kenneth and Wolf Karen S
Bought by
Haddad William Y and Haddad Sawsan W

Purchase Details

Closed on
Feb 23, 1996
Sold by
Bank Midwest Na
Bought by
Powell John H and Powell Teresa O
Source: Public Records

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Range of Values:

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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
Special Warranty Deed $1,058,750 Premier Title Agency
Trustee Deed $1,025,000 First National Title
Special Warranty Deed $550,000 Thomas Title And Escrow
Warranty Deed -- None Available
Warranty Deed $385,000 Camelback Title Agency Llc
Interfamily Deed Transfer -- American Title Ins Agency Az
Warranty Deed $235,000 American Title Ins Agency Az
Cash Sale Deed $130,000 Old Republic Title Agency
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,015,000 New Conventional
Closed $1,108,000 New Conventional
Previous Owner $700,000 Construction
Previous Owner $357,500 Commercial
Previous Owner $175,000 Commercial
Previous Owner $245,000 Commercial
Previous Owner $121,503 Commercial
Previous Owner $195,000 Commercial
Previous Owner $195,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Sold $1,058,750 -18.6% $100 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/02/2025 01/02/25 Price Changed $1,300,000 -3.7% $122 / Sq Ft
01/02/2025 01/02/25 Price Changed $1,350,000 -6.9% $127 / Sq Ft
01/02/2025 01/02/25 For Sale $1,450,000 +37.0% $136 / Sq Ft
01/01/2025 01/01/25 Off Market $1,058,750 -- --
11/19/2024 11/19/24 Price Changed $1,450,000 -6.5% $136 / Sq Ft
10/31/2024 10/31/24 Price Changed $1,550,000 -6.1% $146 / Sq Ft
10/15/2024 10/15/24 Price Changed $1,650,000 -5.7% $155 / Sq Ft
10/03/2024 10/03/24 For Sale $1,750,000 -5.1% $164 / Sq Ft
06/30/2023 06/30/23 Sold $1,845,000 +7.0% $173 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
09/13/2022 09/13/22 For Sale $1,725,000 -- $162 / 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 $1,577 $12,131 -- --
2024 $1,559 $11,553 -- --
2023 $1,559 $60,310 $12,060 $48,250
2022 $1,498 $43,930 $8,780 $35,150
2021 $1,534 $38,530 $7,700 $30,830
2020 $1,497 $32,610 $6,520 $26,090
2019 $1,486 $25,680 $5,130 $20,550
2018 $1,456 $22,860 $4,570 $18,290
2017 $1,400 $19,220 $3,840 $15,380
2016 $1,345 $15,110 $3,020 $12,090
2015 $1,251 $13,420 $2,680 $10,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6766144

Arizona Regional Multiple Listing Service (ARMLS)

APN: 116-05-142F