NOT LISTED FOR SALE

Estimated Value: $487,207 - $576,000

Studio
-- Bath
2,368 Sq Ft
$226/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2020

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

Est. 70% increase in value since last sale

Current estimated payment $2,977 / mo

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

eXp Realty License #SA516485000

eXp Realty

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

7,144 Sq Ft Lot

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

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

Listed on
Feb 10, 2020
Closed on
May 21, 2020
Sold by
Bought by
Seller's Agent
Michael Hatch
Realty ONE Group
Buyer's Agent
Omar Zavaleta
eXp Realty
List Price
$345,000
Sold Price
$315,000
Premium/Discount to List
-$30,000
-8.7%
Current Estimated Value
$534,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,802
Avg. Annual Appreciation
9.10%
Original Mortgage
$45,000
Outstanding Balance
$39,876
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$494,926

Purchase Details

Listed on
Feb 10, 2020
Closed on
May 18, 2020
Sold by
Bought by
Seller's Agent
Michael Hatch
Realty ONE Group
Buyer's Agent
Omar Zavaleta
eXp Realty
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
$494,926

Purchase Details

Closed on
Aug 7, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 8, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 14, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2011
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2010
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
$71,400
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2010
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
$71,400
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 2006
Sold by
Bought by

Purchase Details

Closed on
May 24, 2005
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
$36,100
Interest Rate
5.74%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 30, 2002
Sold by
Bought by

Purchase Details

Closed on
May 29, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 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
$65,200
Interest Rate
10.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 17, 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
$65,200
Interest Rate
10.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 13, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 1996
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 1994
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- Great American Title Agency
$315,000 Great American Title Agency
-- Great American Title Agency
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$70,000 None Available
-- Camelback Title Agency
-- Chicago Title Insurance Co
$181,000 Chicago Title Insurance Co
-- Security Title Agency
-- Security Title Agency
-- --
$81,500 Transnation Title Insurance
-- Transnation Title Insurance
-- Transnation Title Insurance
-- Transnation Title Insurance
-- Transnation Title Ins Co
$64,500 Transnation Title Ins Co
$7,000 Grand Canyon Title Agency In
-- Grand Canyon 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 $45,000
Previous Owner $71,400
Previous Owner $36,100
Previous Owner $144,800
Previous Owner $144,800
Previous Owner $36,100
Previous Owner $65,200
Closed $12,225
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
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

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 $1,126 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6035255

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-21-036

Your Personal Tour Guide

Ask me questions while you tour the home.