NOT LISTED FOR SALE

2444 E Danbury Rd Phoenix, AZ 85032

Paradise Valley Village Neighborhood
Studio
8 Baths
450 Sq Ft
7,492 Sq Ft Lot

Last Sold June 16, 2017

Last sale price $389,000 $864 Per Sq Ft

68 Days on Market

About This Home

As of June 2017

8%+ Cap Rate! Well operated, turn-key 8 unit apartment complex in the heart of North Phoenix. Gated community with 7 one-bedroom units and 1 two-bedroom unit with steady long-term tenancy. The rents are increases $50/unit year-on-year. There is a fully equipped trailer home on-site, included with the property for a onsite Manager Suite or storage facility. The lot is 1/3 of an acre and has redevelopment potential. Ideal 1031 Exchange property.

Last Agent to Sell the Property

Samir Sawhney

XCD Realty & Property Mgmt License #BR645393000 Listed on: 02/22/2017

Last Buyer's Agent

James Wehner

West USA Realty License #BR557829000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1957

Lot Details

  • 7,492

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 12
  • Assessor Parcel Number 214-05-012

Community Details

Overview

  • 8 Units
  • Building Dimensions are 7,495 sqft

Building Details

  • Operating Expense $12,376
  • Gross Income $45,058
  • Net Operating Income $32,682

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,860

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Cave Creek & Bellroad
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: r-6
  • Number Of Buildings: 1
  • Year Built: 1957
  • Tax Year: 2016
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2700.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: See Remarks, Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: 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: 1056.0
  • Annual Water Sewer Expense: 1020.0

Lot Info

  • Lot Size: 7,495 sqft
  • Additional Parcels: No
  • Parcel #: 214-05-012

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 8
  • Electric Expense: 2100.0
  • Annual Gross Income: 45058.44
  • Insurance Expense: 2140.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 32682.0
  • Annual Operating Expense: 12376.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1860.0
  • Tax Book Number: 214.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2015
Closed on
May 19, 2015
Sold by
C C Properties & Building Services Inc
Bought by
Fontenot Joey D
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Outstanding Balance
$224,922
Interest Rate
3.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 10, 2005
Sold by
Arizona Jet Ski & Marine Inc
Bought by
Inca Roofing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.65%
Mortgage Type
Commercial
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
Fontenot Joey D $325,000 Pioneer Title Agency Inc
Inca Roofing Inc $375,000 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fontenot Joey D $292,500
Previous Owner Inca Roofing Inc $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2017 06/16/17 Sold $389,000 -2.7% $864 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
04/29/2017 04/29/17 Price Changed $399,900 -9.1% $889 / Sq Ft
04/18/2017 04/18/17 Price Changed $439,900 -2.2% $978 / Sq Ft
03/24/2017 03/24/17 Price Changed $449,900 -5.3% $1,000 / Sq Ft
02/22/2017 02/22/17 For Sale $474,900 +46.1% $1,055 / Sq Ft
05/27/2015 05/27/15 Sold $325,000 0.0% $722 / Sq Ft View Prior Sale
05/14/2015 05/14/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $325,000 -- $722 / 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 $218 $2,135 $2,135 --
2024 $208 $2,033 $2,033 --
2023 $208 $6,290 $6,290 $0
2022 $206 $4,260 $4,260 $0
2021 $207 $3,950 $3,950 $0
2020 $200 $3,300 $3,300 $0
2019 $200 $3,090 $3,090 $0
2018 $194 $2,720 $2,720 $0
2017 $186 $2,330 $2,330 $0
2016 $183 $1,850 $1,850 $0
2015 $169 $1,650 $1,650 $0
Source: Public Records

Agents Affiliated with this Home

  • Samir Sawhney

    Seller's Agent in 2017

    Samir Sawhney

    XCD Realty & Property Mgmt

    (860) 559-0559

    6 in this area

    236 Total Sales

    Samir Sawhney
    Section Image
  • James Wehner

    Buyer's Agent in 2017

    James Wehner

    West USA Realty

    (480) 323-5462

    1 in this area

    40 Total Sales

    James Wehner
    Section Image
  • Sophia Baron

    Seller's Agent in 2015

    Sophia Baron

    Grace CRE

    (480) 375-0227

    76 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • Michelle Hoogendoorn

    Buyer's Agent in 2015

    Michelle Hoogendoorn

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 829-3460

    15 Total Sales

    Michelle Hoogendoorn
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5564811

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-05-012

Arizona Maricopa County Phoenix 85032 Paradise Valley Village

2444 E Danbury 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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