NOT LISTED FOR SALE

Estimated Value: $649,243 - $707,000

-- Bed
-- Bath
2,782 Sq Ft
$243/Sq Ft Est. Value

Last Sold August 12, 2020

Last sale price $575,000 $207 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,801/month

91 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • 4-minute walk to Kid Street Park
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of August 2020

*HUGE PRICE REDUCTION AND PRICED TO SELL!*Fully occupied and IN PRIME LOCATION! Within a mile of GCU these unit are turn key. Brand new floors, appliances, fresh interior paint, blinds, windows, lighting fixtures and fans! Two of the units have brand new water heaters. There are also additional storage units and a laundry room for additional income! These units are getting above market rents in the area - you don't want to miss out on this investment property!

Last Agent to Sell the Property

Eric Lambert

Versatile Properties License #SA680077000 Listed on: 04/06/2020

Last Buyer's Agent

Baljinder Saini

Howe Realty License #SA682423000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1960

Lot Details

  • 10,542

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 8 Parking Spaces
  • 5 Covered Spaces
  • Common or Shared Parking

Schools

  • Westwood Primary Elementary School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for gas, electricity, cable TV
  • The owner pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 154-16-002-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10542 SQF
  • Tierra Frutal Subdivision

Building Details

  • Operating Expense $8,459
  • Gross Income $45,360
  • Net Operating Income $36,901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,380

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: Cambell Ave & 23rd Ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2019
  • Directions: West on Campbell Ave from 19th ave. South on 23rd ave.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3600.0
  • Subdivision Name: TIERRA FRUTAL
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: 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 Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 5.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Heat Pump, Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Westwood Primary School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 10542 SQF
  • Additional Parcels: No
  • Parcel #: 154-16-002-A

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 45360.0
  • Insurance Expense: 2279.0
  • Property Net Operating Income: 36901.0
  • Annual Operating Expense: 8459.0

Tax Info

  • Tax Annual Amount: 1380.0
  • Tax Book Number: 154.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2023
Sold by
Cooper Steven A
Bought by
Mfv Az Llc
Current Estimated Value
$675,561

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
Outstanding Balance
$51,369
Interest Rate
7.63%
Mortgage Type
Seller Take Back
Estimated Equity
$596,946

Purchase Details

Listed on
Apr 6, 2020
Closed on
Aug 4, 2020
Sold by
Lighthouse Enterprises Inc
Bought by
Cooper Steven A
Seller's Agent
Eric Lambert
Versatile Properties
Buyer's Agent
Baljinder Saini
Howe Realty
List Price
$675,000
Sold Price
$575,000
Premium/Discount to List
-$100,000
-14.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.40%
Original Mortgage
$564,585
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2019
Sold by
2241 W Campbell Ave Llc
Bought by
Lighthouse Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,580
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2019
Sold by
Jecf Investments Llc
Bought by
2241 W Campbell Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,250
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2019
Sold by
Contreras Vargas Guillermo Perez and Contreras Perez Vargas Carmen
Bought by
Jecf 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
$275,250
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2007
Sold by
Perez Vargas Carmen
Bought by
Perez Vargas Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 3, 2007
Sold by
402 Now Llc
Bought by
Perez Vargas Guillermo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 30, 2007
Sold by
Hernandez Maria
Bought by
402 Now Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
May 12, 2005
Sold by
Biastoch Loyd and Biastoch Lody
Bought by
Hernandez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 1995
Sold by
Cisneros Amalia Q
Bought by
Cisneros Paul R

Purchase Details

Closed on
Jun 12, 1995
Sold by
Cisneros Paul R
Bought by
Biastoch Lody
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 Buyer Sale Price Title Company
Mfv Az Llc $625,000 None Listed On Document
Cooper Steven A $575,000 First Arizona Title Agency
Lighthouse Enterprises Inc $390,000 Pioneer Title Agency Inc
2241 W Campbell Ave Llc -- None Available
Jecf Investments Llc $270,000 American Title Svc Agcy Llc
Perez Vargas Guillermo -- None Available
Perez Vargas Guillermo -- None Available
402 Now Llc $223,000 Great American Title Agency
Hernandez Maria $285,000 --
Cisneros Paul R -- Stewart Title & Trust
Biastoch Lody $53,000 Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mfv Az Llc $52,000
Previous Owner Cooper Steven A $564,585
Previous Owner Lighthouse Enterprises Inc $448,580
Previous Owner Jecf Investments Llc $275,250
Previous Owner Perez Vargas Guillermo $219,000
Previous Owner Vargas Guillermo Perez $210,000
Previous Owner Hernandez Maria $199,500
Closed Hernandez Maria $85,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2020 08/12/20 Sold $575,000 -3.4% $207 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
06/04/2020 06/04/20 Price Changed $595,000 -11.9% $214 / Sq Ft
04/06/2020 04/06/20 For Sale $675,000 -- $243 / 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 $1,456 $10,134 -- --
2024 $1,463 $9,651 -- --
2023 $1,463 $38,300 $7,660 $30,640
2022 $1,440 $27,280 $5,450 $21,830
2021 $1,454 $20,300 $4,060 $16,240
2020 $1,397 $17,280 $3,450 $13,830
2019 $1,380 $16,700 $3,340 $13,360
2018 $1,274 $12,910 $2,580 $10,330
2017 $1,258 $12,800 $2,560 $10,240
2016 $1,205 $10,660 $2,130 $8,530
2015 $1,141 $9,260 $1,850 $7,410
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6062404

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-16-002A