NOT LISTED FOR SALE

2235 E Cactus Rd Phoenix, AZ 85022

Paradise Valley Village Neighborhood

Estimated Value: $901,000 - $1,093,000

Studio
-- Bath
3,472 Sq Ft
$296/Sq Ft Est. Value

Last Sold June 29, 2012

Last sale price $131,492 $38 Per Sq Ft

Est. 682% increase in value since last sale

Current estimated payment $5,493/month

14 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Mercury Mine Elementary School Rated A

About This Home

As of June 2012

Great Setting in Single Family Neighborhood! EZ Access - Close to Hwy 51 / 101 & Cave Creek Parkway! All Units are 2 Bed / 2 Bath! All Tile - Updated and Fully Occupied! Rents are $600
Seller is willing to Carry w/Money Down. This is one of 7 Buildings to be sold at the same time. Do Not Disturb Tenants!!

Last Agent to Sell the Property

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 05/17/2012

Keller Williams Arizona Realty

Last Buyer's Agent

Rick Horst

Keller Williams Arizona Realty License #SA640657000 Listed on: 05/17/2012

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,020

Year Built

  • Built in 1979

Lot Details

  • Property fronts an alley

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Concrete
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 317
  • Assessor Parcel Number 166-26-347

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8715

Building Details

  • Gross Income $28,800
  • Net Operating Income $21,131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,020

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Cross Street: Cave Creek Road & Cactus
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1979
  • Tax Year: 2011
  • Road Frontage Type: Alley
  • Professional Management Expense: 2880.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Street Parking, Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: City Electric
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 429.0
  • Annual Water Sewer Expense: 1560.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 8715
  • Additional Parcels: No
  • Parcel #: 166-26-347

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 600.0
  • Annual Gross Income: 28800.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 21131.0

Tax Info

  • Tax Annual Amount: 1020.0
  • Tax Book Number: 166.00
  • Tax Lot: 317

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2025
Sold by
Two Two Cactus Llc
Bought by
Iprr Property Holdings Llc
Current Estimated Value
$1,028,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,075,000
Outstanding Balance
$3,064,341
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
-$2,035,674

Purchase Details

Closed on
Apr 8, 2022
Sold by
Cactus Road Llc
Bought by
Two Two Cactus Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,860,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2021
Sold by
Na Cactus 5 Llc
Bought by
Cactus Road Llc

Purchase Details

Closed on
Feb 8, 2021
Sold by
Cactus 7 Llc
Bought by
Na Cactus 5 Llc

Purchase Details

Closed on
Jun 1, 2016
Sold by
Na Cactus 5 Llc
Bought by
Cactus 7 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,293,000
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 10, 2012
Sold by
Giat Nir
Bought by
Na Cactus 5 Llc
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$131,492
Premium/Discount to List
-$97,508
-42.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.39%
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Unknown

Purchase Details

Listed on
May 17, 2012
Closed on
Jun 20, 2012
Sold by
Mckinivan Charles and Mckinivan Dolores C
Bought by
Giat Nir
Seller's Agent
Rick Horst
Keller Williams Arizona Realty
Buyer's Agent
Rick Horst
Keller Williams Arizona Realty
List Price
$229,000
Sold Price
$131,492
Premium/Discount to List
-$97,508
-42.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,691
Interest Rate
3.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 18, 2000
Sold by
Mckinivan Charles and Mckinivan Dolores C
Bought by
Mckinivan Charles and Mckinivan Dolores C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
8.92%

Purchase Details

Closed on
Jul 12, 1994
Sold by
Moreno Ernest and Moreno Judith Smithbaker
Bought by
Mckinivan Charles and Mckinivan Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Interest Rate
8.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Iprr Property Holdings Llc $5,000,000 Chicago Title Agency
Two Two Cactus Llc $6,250,000 American Title Services
Cactus Road Llc $2,500,000 American Title Svc Agcy Llc
Na Cactus 5 Llc -- American Title Svc Agcy Llc
Cactus 7 Llc -- None Available
Na Cactus 5 Llc $1,601,300 Magnus Title Agency
Giat Nir $131,492 Magnus Title Agency
Giat Nir $304,691 Magnus Title Agency
Mckinivan Charles -- Fidelity National Title
Mckinivan Charles $113,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iprr Property Holdings Llc $3,075,000
Previous Owner Two Two Cactus Llc $4,860,000
Previous Owner Cactus 7 Llc $1,293,000
Previous Owner Giat Nir $239,691
Previous Owner Giat Nir $106,492
Previous Owner Mckinivan Charles $127,500
Previous Owner Mckinivan Charles $90,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2012 06/29/12 Sold $131,492 -42.6% $38 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $229,000 -- $66 / 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 $1,364 $13,350 -- --
2024 $1,301 $12,714 -- --
2023 $1,301 $41,820 $8,360 $33,460
2022 $1,288 $37,860 $7,570 $30,290
2021 $1,292 $36,320 $7,260 $29,060
2020 $1,252 $31,710 $6,340 $25,370
2019 $1,253 $26,530 $5,300 $21,230
2018 $1,212 $26,080 $5,210 $20,870
2017 $1,162 $25,800 $5,160 $20,640
2016 $1,143 $25,010 $5,000 $20,010
2015 $1,058 $21,170 $4,230 $16,940
Source: Public Records

Agents Affiliated with this Home

  • Rick Horst

    Seller's Agent in 2012

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    3 in this area

    33 Total Sales

    Rick Horst
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4761043

Arizona Regional Multiple Listing Service (ARMLS)

APN: 166-26-347

Arizona Maricopa County Phoenix 85022 Paradise Valley Village

2235 E Cactus Rd, 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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