NOT LISTED FOR SALE

Estimated Value: $459,000 - $801,259

8 Beds
-- Bath
2,960 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2020

Last sale price $505,000 $171 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,635 / mo

76 Days on Market

Highlights

  • Central Air
  • Phoenix Coding Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of January 2020

This is a REAL W/ALL Expenses an 7.87% CAP Rate with all of the correct numbers in. Excellent investment opportunity! Tenants even pay the water-sewer-trash. Quality remodel-how often do you have new electric, new pipes, new hot water heaters, new air-conditioners, new stackable washer and dryers, new cabinets, new bathtubs and tile surround along with new flooring and much more! Look in the Document Tab for info. Drive by only and no interior viewings without an accepted contract.Buyer to verify all facts and figures.

Last Agent to Sell the Property

Linda Gerchick

Gerchick Real Estate License #BR114848000 Listed on: 10/05/2019

Last Buyer's Agent

Corey Condit

eXp Realty License #BR584884000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,056

Year Built

  • Built in 1961

Lot Details

  • 7,318

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Assigned Parking

Schools

  • Roosevelt Elementary School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV
  • The owner pays for landscaping
  • Tax Lot 5
  • Assessor Parcel Number 122-35-059

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7,318
  • Alicia 3 Subdivision

Building Details

  • Operating Expense $6,746
  • Gross Income $49,885
  • Net Operating Income $42,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,056

Year Built

Built in 1961

Lot Details

7,318 Sq Ft Lot

Listing Details

  • Cross Street: 24TH Street and Broadway
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1961
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3189.0
  • Subdivision Name: ALICIA 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes

Schools

  • Elementary School: Roosevelt Elementary School

Lot Info

  • Lot Size: 7,318
  • Additional Parcels: No
  • Parcel #: 122-35-059

Multi Family

  • Owner Pays: Landscaping
  • Tenant Pays: Water, Sewer, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 49885.16
  • Insurance Expense: 1301.0
  • Maintenance Expense: 900.0
  • Property Net Operating Income: 42915.0
  • Annual Operating Expense: 6746.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1056.0
  • Tax Book Number: 122.00
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Bought by
Current Estimated Value
$656,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,500
Outstanding Balance
$341,264
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$315,051

Purchase Details

Listed on
Oct 5, 2019
Closed on
Dec 24, 2019
Sold by
Bought by
Seller's Agent
Linda Gerchick
Gerchick Real Estate
Buyer's Agent
Corey Condit
eXp Realty
List Price
$585,000
Sold Price
$505,000
Premium/Discount to List
-$80,000
-13.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$378,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,243
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2012
Closed on
Mar 25, 2013
Sold by
Bought by
Seller's Agent
Diane Smith
Castle Rock Properties, Inc.
Buyer's Agent
Jennifer Ronning
eXp Realty
List Price
$94,000
Sold Price
$94,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%
Original Mortgage
$70,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
8.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,250
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 23, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 11, 2001
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
7.71%

Purchase Details

Closed on
Feb 25, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,900
Interest Rate
8.5%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First Integrity Ttl Agcy Of
-- First Integrity Ttl Agcy Of
-- First Integrity Ttl Agcy Of
-- Empire West Title Agency Llc
$505,000 Empire West Title Agency Llc
$194,900 Great American Title Agency
$94,000 Grand Canyon Title Agency
-- Empire West Title Agency Llc
$55,000 Empire West Title Agency Llc
$60,000 None Available
-- Great American Title Agency
-- Great American Title Agency
-- American Title Svc Agency Ll
-- American Title Svc Agency Ll
-- Tsa Title Agency
-- --
-- Capital Title Agency
$69,900 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $380,500
Closed $378,750
Previous Owner $146,243
Previous Owner $70,500
Previous Owner $236,000
Previous Owner $55,250
Previous Owner $65,600
Previous Owner $55,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2020 01/09/20 Sold $505,000 -7.3% $171 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
11/05/2019 11/05/19 Price Changed $545,000 -6.8% $184 / Sq Ft
10/04/2019 10/04/19 For Sale $585,000 +200.0% $198 / Sq Ft
04/14/2017 04/14/17 Sold $194,990 0.0% $66 / Sq Ft View Prior Sale
02/27/2017 02/27/17 Price Changed $194,990 -2.5% $66 / Sq Ft
10/12/2016 10/12/16 For Sale $199,900 +112.7% $68 / Sq Ft
04/03/2013 04/03/13 Sold $94,000 0.0% $127 / Sq Ft View Prior Sale
01/16/2013 01/16/13 Pending -- -- --
04/23/2012 04/23/12 For Sale $94,000 -- $127 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,167 $7,740 -- --
2024 $1,105 $7,371 -- --
2023 $1,105 $44,610 $8,920 $35,690
2022 $1,082 $28,420 $5,680 $22,740
2021 $1,105 $22,520 $4,500 $18,020
2020 $1,091 $19,160 $3,830 $15,330
2019 $1,056 $17,220 $3,440 $13,780
2018 $1,027 $12,670 $2,530 $10,140
2017 $979 $12,060 $2,410 $9,650
2016 $931 $10,470 $2,090 $8,380
2015 $877 $8,520 $1,700 $6,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5987744

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-35-059

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