NOT LISTED FOR SALE

Estimated Value: $567,000 - $1,221,000

12 Beds
-- Bath
2,472 Sq Ft
$391/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $1,014,000 $410 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,464/month

33 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Washington High School Rated A-

About This Home

As of July 2022

SUBMIT your Highest and Best OFFER NOW!!

VALUE ADD 6-PLEX with proven rents increase ability.

Six (6) 2/2 with 2 carports + Washer & Dryer + new/better plank vinyl + above average entryways for property class.

One unit is fully upgraded and rents for nearly $300 more a month.

Many tenants have lived here for 5+ years.

Property has maintained 100% occupancy for nearly the entire ownership period. Close to everything! Schools, Bus Line, Black Canyon Hwy/17.

SEE DOCS for Rent Roll with lease expiration dates.

SEE SUPPLEMENT for Highlights.

SERIOUS QUALIFIED BUYERS ONLY PLEASE!! FLOORING:
1 unit fully refurbished with plank vinyl
1 unit soon to have brand new tile flooring
4 units with newer vinyl plank or tile flooring

KITCHEN:
1 unit fully refurbished kitchen + all new appliances
5 units with improves finishes + many new appliances

AC UNITS:
2 AC units have been replaced with new units
2 more have new condensers and heat packs
2 have been refurbished.
We service all six AC units annually, and the most recent service was in March.
The owner believes in proactive service and repair/replacement as needed.
All units are in good condition.

RENTS:
The fully refurbished unit is currently getting $1225 in rent.
The unit getting the new tile flooring will soon be getting $1225 from $1000 in rent.

ROOFS:
Both replaced in 2016.

ADDITIONAL HIGHLIGHTS:
Stoves, refrigerators, washer/dryer combos have all been replaced with new or refurbished appliances since January 2018 (past 4 years) in all 6 units. 3 of the dishwashers have been replaced and others have been refurbished.

GREAT INVESTMENT OPPORTUNITY!!

Last Agent to Sell the Property

Bob Collopy

Fort Lowell Realty & Property Management License #BR640927000 Listed on: 05/09/2022

Co-Listed By

Jacquelina Brantley

Fort Lowell Realty & Property Management License #BR693093000

Last Buyer's Agent

Michael Gordon

Grace CRE License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,273

Year Built

  • Built in 1985

Lot Details

  • 0.4

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Concrete
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 14 Parking Spaces
  • Carport

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 62
  • Assessor Parcel Number 157-30-067

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 17,460 sq ft.
  • Vista Income Estates Unit 5 Subdivision

Building Details

  • Operating Expense $2,273
  • Gross Income $65,312
  • Net Operating Income $39,051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,273

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: NORTHERN / 27TH AVE
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2021
  • Directions: NORTHERN S ON 27TH TO VISTA AVE; LEFT 1 BLOCK.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: flrp02
  • Co List Office Phone: 602-441-3492
  • Subdivision Name: VISTA INCOME ESTATES UNIT 5
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Concrete
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 14.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 14.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric, Heat Pump
  • 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:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Junior High Dist: Glendale Union High School District

Lot Info

  • Lot Size: 17,460 sq ft.
  • Additional Parcels: No
  • Parcel #: 157-30-067

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 6
  • Annual Gross Income: 65311.92
  • Property Net Operating Income: 39050.89
  • Annual Operating Expense: 2273.0

Tax Info

  • Tax Annual Amount: 2273.0
  • Tax Book Number: 157.00
  • Tax Lot: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Jun 28, 2022
Sold by
Vista Manor Llc
Bought by
W Vista Llc
Seller's Agent
Bob Collopy
Fort Lowell Realty & Property Management
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$1,199,000
Sold Price
$1,014,000
Premium/Discount to List
-$185,000
-15.43%
Current Estimated Value
$966,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,379
Avg. Annual Appreciation
-1.52%

Purchase Details

Closed on
Nov 15, 2017
Sold by
Oliver Michael and Oliver Diane A
Bought by
Vista Manor Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2012
Sold by
Winnett Nate and Winnett Don E
Bought by
Oliver Michael and Oliver Diane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,082
Interest Rate
3.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 2006
Sold by
Winnett Nate
Bought by
Winnett Don E and Winnett Susan E

Purchase Details

Closed on
Mar 30, 2004
Sold by
Covaciu Benjamin and Covaciu Corina G
Bought by
Winnett Nate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 21, 2003
Sold by
Richendifer Cley R and Richendifer Shirley
Bought by
Covaciu Benjamin and Covaciu Corina G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,167
Interest Rate
6.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 7, 1998
Sold by
Hostert William N and Hostert Elizabeth B
Bought by
Richendifer Cley R and Richendifer Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,500
Interest Rate
7.13%
Mortgage Type
Seller Take Back
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
W Vista Llc $1,014,000 Old Republic Title
Vista Manor Llc $280,000 Chicago Title Agency Inc
Oliver Michael $253,000 American Title Service Agenc
Winnett Don E -- None Available
Winnett Nate $360,000 Capital Title Agency Inc
Covaciu Benjamin $300,000 Capital Title Agency Inc
Richendifer Cley R $237,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vista Manor Llc $250,000
Previous Owner Oliver Michael $208,082
Previous Owner Winnett Nate $20,000
Previous Owner Covaciu Benjamin $99,167
Previous Owner Richendifer Cley R $197,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2022 07/05/22 Sold $1,014,000 -7.8% $410 / Sq Ft
06/28/2022 06/28/22 Price Changed $1,100,000 0.0% $445 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
06/06/2022 06/06/22 Price Changed $1,100,000 -8.3% $445 / Sq Ft
06/02/2022 06/02/22 Price Changed $1,198,999 0.0% $485 / Sq Ft
05/09/2022 05/09/22 For Sale $1,199,000 -- $485 / 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 $2,362 $19,314 -- --
2024 $2,319 $18,394 -- --
2023 $2,319 $65,520 $13,100 $52,420
2022 $2,244 $44,370 $8,870 $35,500
2021 $2,273 $37,960 $7,590 $30,370
2020 $2,216 $37,360 $7,470 $29,890
2019 $2,175 $33,650 $6,730 $26,920
2018 $2,118 $28,900 $5,780 $23,120
2017 $2,108 $23,880 $4,770 $19,110
2016 $2,069 $22,880 $4,570 $18,310
2015 $1,916 $21,920 $4,380 $17,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6396529

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-30-067