NOT LISTED FOR SALE

Estimated Value: $562,864

Studio
-- Bath
2,368 Sq Ft
$238/Sq Ft Est. Value

Last Sold May 22, 2020

Last sale price $315,000 $133 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,037/month

88 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of May 2020

Fantastic investment opportunity operating at an 8 CAP. Triplex with 3-bedrooms and 2-bathrooms. Excellent condition and fully rented. Exterior has fresh paint, tile with accents, newer appliances and fixtures. Parking lot has been re-striped and new spots issued to tenants. The tenants love these units.

Last Agent to Sell the Property

Michael Hatch

Realty ONE Group License #SA660779000 Listed on: 02/10/2020

Co-Listed By

Max Dewitt

Realty ONE Group License #SA652423000

Last Buyer's Agent

Omar Zavaleta

Best Homes Real Estate License #SA516485000

Best Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1986

Lot Details

  • 7,144

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Evaporated cooling system
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 76
  • Assessor Parcel Number 122-21-036

Community Details

Overview

  • 3 Units
  • Building Dimensions are irr
  • North Broadway Estates 1 Lots 141 159 Subdivision

Building Details

  • Operating Expense $1,019
  • Gross Income $28,800
  • Net Operating Income $24,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,019

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Broadway x 24th St.
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1986
  • Tax Year: 2019
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: reog02
  • Co List Office Phone: 480-321-8100
  • Subdivision Name: NORTH BROADWAY ESTATES 1 LOTS 141-159
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 122-21-036

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 28800.0
  • Property Net Operating Income: 24265.2
  • Annual Operating Expense: 1019.0

Tax Info

  • Tax Annual Amount: 1019.0
  • Tax Book Number: 122.00
  • Tax Lot: 76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2020
Closed on
May 21, 2020
Sold by
Benitez Maria
Bought by
Zarco Luis
Seller's Agent
Michael Hatch
Realty ONE Group
Buyer's Agent
Omar Zavaleta
Best Homes Real Estate
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%
Current Estimated Value
$562,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,864
Avg. Annual Appreciation
10.22%
Original Mortgage
$45,000
Outstanding Balance
$39,876
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$506,063

Purchase Details

Listed on
Feb 10, 2020
Closed on
May 18, 2020
Sold by
Order Equities Llc
Bought by
Zarco Luis
Seller's Agent
Michael Hatch
Realty ONE Group
Buyer's Agent
Omar Zavaleta
Best Homes Real Estate
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Outstanding Balance
$39,876
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$506,063

Purchase Details

Closed on
Aug 7, 2013
Sold by
Paper Holdings Llc
Bought by
Order Equities Llc

Purchase Details

Closed on
Mar 8, 2013
Sold by
Preferred Property Inc
Bought by
Paper Holdings Llc

Purchase Details

Closed on
Jul 14, 2011
Sold by
Heritage Equity Investments Llc
Bought by
Preferred Property Inc

Purchase Details

Closed on
Apr 1, 2011
Sold by
Heritage Equity Investments Llc
Bought by
Preferred Property Inc

Purchase Details

Closed on
Apr 21, 2010
Sold by
Preferred Property Inc
Bought by
Advance 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
$71,400
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2010
Sold by
Preferred Property Inc
Bought by
Heritage Equity 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
$71,400
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2009
Sold by
Torres Ramon
Bought by
Preferred Property Inc

Purchase Details

Closed on
Nov 3, 2006
Sold by
Torres Ramon
Bought by
Encinas Merardo Valenzuela and Valenzuela Mary

Purchase Details

Closed on
May 24, 2005
Sold by
Torres Teresa
Bought by
Torres Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,100
Interest Rate
5.74%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 30, 2002
Sold by
Hinson David and Hinson Mary
Bought by
Principle Associates Llc

Purchase Details

Closed on
May 29, 2002
Sold by
Principle Associates Llc
Bought by
Suburban Living Llc

Purchase Details

Closed on
Aug 26, 2001
Sold by
Hinson David and Hinson Mary
Bought by
Principle Associates Llc

Purchase Details

Closed on
Aug 30, 2000
Sold by
David Wall Enterprises Llc
Bought by
Hinson David and Hinson Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,200
Interest Rate
10.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 17, 2000
Sold by
Gudmundsen Ralph and Gudmundsen David
Bought by
David Wall Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,200
Interest Rate
10.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 13, 1999
Sold by
Gudmundsen Melanie
Bought by
Gudmundsen David

Purchase Details

Closed on
Mar 17, 1999
Sold by
Gudmundsen Ida
Bought by
Gudmundsen Ralph W

Purchase Details

Closed on
Nov 15, 1996
Sold by
Federal Deposit Insurance Corporation
Bought by
Horizon Management Inc

Purchase Details

Closed on
Oct 14, 1994
Sold by
Sunbelt National Mtg Corp and Vollmecke John A
Bought by
Sunbelt National Mtg Corp
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
Zarco Luis -- Great American Title Agency
Zarco Luis $315,000 Great American Title Agency
Order Equities Llc -- Great American Title Agency
Order Equities Llc -- None Available
Paper Holdings Llc -- None Available
Preferred Property Inc -- None Available
Preferred Property Inc -- None Available
Preferred Property Inc -- None Available
Advance Holdings Llc -- None Available
Heritage Equity Investments Llc -- None Available
Preferred Property Inc $70,000 None Available
Encinas Merardo Valenzuela -- Camelback Title Agency
Torres Ramon -- Chicago Title Insurance Co
Torres Ramon $181,000 Chicago Title Insurance Co
Principle Associates Llc -- Security Title Agency
Suburban Living Llc -- Security Title Agency
Principle Associates Llc -- --
Hinson David $81,500 Transnation Title Insurance
David Wall Enterprises Llc -- Transnation Title Insurance
Gudmundsen David -- Transnation Title Insurance
Gudmundsen David -- Transnation Title Insurance
Gudmundsen Ralph W -- Transnation Title Ins Co
Gudmundsen Ralph $64,500 Transnation Title Ins Co
Horizon Management Inc $7,000 Grand Canyon Title Agency In
Sunbelt National Mtg Corp -- Grand Canyon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zarco Luis $45,000
Previous Owner Advance Holdings Llc $71,400
Previous Owner Torres Ramon $36,100
Previous Owner Torres Ramon $144,800
Previous Owner Torres Ramon $144,800
Previous Owner Torres Ramon $36,100
Previous Owner Hinson David $65,200
Closed Hinson David $12,225
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2020 05/22/20 Sold $315,000 -6.0% $133 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
03/30/2020 03/30/20 Price Changed $335,000 -2.9% $141 / Sq Ft
03/23/2020 03/23/20 For Sale $345,000 0.0% $146 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $345,000 -- $146 / 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 $1,126 $7,470 -- --
2024 $1,066 $7,114 -- --
2023 $1,066 $35,970 $7,190 $28,780
2022 $1,045 $22,980 $4,590 $18,390
2021 $1,066 $18,820 $3,760 $15,060
2020 $1,053 $16,800 $3,360 $13,440
2019 $1,019 $15,250 $3,050 $12,200
2018 $991 $12,410 $2,480 $9,930
2017 $945 $10,410 $2,080 $8,330
2016 $899 $9,130 $1,820 $7,310
2015 $846 $7,180 $1,430 $5,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6035255

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-21-036