NOT LISTED FOR SALE

Estimated Value: $456,792 - $578,000

3 Beds
-- Bath
2,112 Sq Ft
$239/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $400,000 $189 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,747/month

2 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heating Available

About This Home

As of November 2021

Investors looking for Cash Flow and low to NO maintenance...look no further. You don't have to worry about renting these units out, the Tenant pays the full amount of rent. Even if there's a Vacancy! Tenant pays the utilities, maintenance, repairs of fixtures, appliances while you sit back and collect the rent every month. SO EASY. All new ACs , new plumbing, all units have 2 bed/1bath with new appliances all tile flooring, gated parking, private courtyards, and mountain views. Minutes from Sky Harbor Airport, South Mtn Parks and Trails, close to transportation, freeways and shopping minutes from downtown. Must be sold with other 3 plex: MLS #6297957 More Photos Coming.

Last Agent to Sell the Property

Susan Phelan

Revinre License #SA642231000 Listed on: 09/24/2021

Revinre

Last Buyer's Agent

Robert Tolnai

Best Homes Real Estate License #SA529823000

Best Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $721

Year Built

  • Built in 1984

Lot Details

  • 6,708

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Schools

  • Percy L Julian Elementary And Middle School
  • South Mountain High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for water, sewer, cable TV, landscaping
  • Tax Lot 162
  • Assessor Parcel Number 122-54-106-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are 60 X 117
  • Ben Jo Estates Subdivision

Building Details

  • Operating Expense $721
  • Gross Income $28,800
  • Net Operating Income $28,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$721

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Broadway & S 24th ST
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2021
  • Directions: Head south on S. 24th St to E. Roeser Rd, head east to S 25th St. on corner of 25th St and Roeser Rd.
  • Road Surface Type: Asphalt
  • Subdivision Name: BEN-JO ESTATES
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 3.0
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Schools

  • Elementary School: Percy L Julian School
  • High School: South Mountain High School
  • Middle Or Junior School: Percy L Julian School

Lot Info

  • Lot Size: 60 X 117
  • Additional Parcels: No
  • Parcel #: 122-54-106-B

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer, Cable TV, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 28800.0
  • Property Net Operating Income: 28079.0
  • Annual Operating Expense: 721.0

Tax Info

  • Tax Annual Amount: 721.0
  • Tax Book Number: 122.00
  • Tax Lot: 162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Oct 28, 2021
Sold by
Black Rentals Llc
Bought by
Trieu Mindy
Seller's Agent
Susan Phelan
Revinre
Buyer's Agent
Robert Tolnai
Best Homes Real Estate
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Current Estimated Value
$503,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,948
Avg. Annual Appreciation
6.09%
Original Mortgage
$300,000
Outstanding Balance
$240,203
Interest Rate
2.23%
Mortgage Type
New Conventional
Estimated Equity
$262,382

Purchase Details

Closed on
Apr 29, 2020
Sold by
Black Randall S
Bought by
Black Rentals Llc

Purchase Details

Closed on
Mar 28, 2020
Sold by
Black Laurie M
Bought by
Balck Randall Scott

Purchase Details

Listed on
Aug 19, 2016
Closed on
Sep 23, 2016
Sold by
Farm Dog Johnson Llc
Bought by
Black Randall S and Black Laurie M
Seller's Agent
JoAnn Callaway
eXp Realty
Buyer's Agent
Michael McSweeney
REMAX By The Lake
List Price
$180,000
Sold Price
$175,000
Premium/Discount to List
-$5,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
Original Mortgage
$131,250
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2004
Sold by
Goebel Gary and Goebel Monica
Bought by
Farm Dog Johnson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,800
Interest Rate
6.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 27, 2004
Sold by
Johnson Abraham A and Johnson Ernestine
Bought by
Goebel Gary and Goebel Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
5.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2000
Sold by
Dunnigan Michael K and Dunnigan Marion A
Bought by
Johnson Abraham A and Johnson Ernestine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,300
Interest Rate
8.2%
Mortgage Type
New Conventional
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
Trieu Mindy $400,000 Landmark Ttl Assurance Agcy
Black Rentals Llc -- None Available
Balck Randall Scott -- None Available
Black Randall S $175,000 Old Republic Title Agency
Farm Dog Johnson Llc -- --
Goebel Gary $135,000 Chicago Title Insurance Co
Johnson Abraham A $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trieu Mindy $300,000
Previous Owner Black Randall S $131,250
Previous Owner Goebel Gary A $18,800
Previous Owner Goebel Gary $94,500
Previous Owner Johnson Abraham A $51,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2021 11/09/21 Sold $400,000 -11.1% $189 / Sq Ft
11/05/2021 11/05/21 Price Changed $450,000 0.0% $213 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $450,000 +157.1% $213 / Sq Ft
09/30/2016 09/30/16 Sold $175,000 -2.8% $83 / Sq Ft
08/19/2016 08/19/16 For Sale $180,000 -- $85 / 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 $742 $5,054 -- --
2024 $721 $4,813 -- --
2023 $721 $30,120 $6,020 $24,100
2022 $707 $21,160 $4,230 $16,930
2021 $721 $17,360 $3,470 $13,890
2020 $712 $14,080 $2,810 $11,270
2019 $689 $13,980 $2,790 $11,190
2018 $671 $11,370 $2,270 $9,100
2017 $639 $7,530 $1,500 $6,030
2016 $608 $6,370 $1,270 $5,100
2015 $572 $5,430 $1,080 $4,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6298002

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-54-106B