NOT LISTED FOR SALE

2537 E Willetta St Unit 1-5 Phoenix, AZ 85008

Central City Neighborhood

Estimated Value: $549,000 - $956,375

1 Bed
-- Bath
-- Sq Ft
1946 Built

Last Sold July 31, 2024

Last sale price $950,000

Est. 29% decrease in value since last sale

Current estimated payment $3,642/month

99 Days on Market

Highlights

  • 6 Car Attached Garage
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Ceramic Tile Flooring
  • Heat Pump System

About This Home

As of July 2024

True 7%+ CAP Rate! Solid tenants!
5 units, fully rented, recently renovated. New windows, Stucco, AC units, Roofing, and Paint! No carpet in any unit! All tenants pay their own electric. Property is conveniently located near Arizona State University, Phoenix Sky Harbor Airport, Pueblo Grande Museum, Phoenix Zoo, Botanical Gardens, AZ Science Center, Food City, I-10, AZ-51, Loop-202. shopping, food, and more! All offers will be taken under consideration. Owner/Agent

Last Agent to Sell the Property

Lauren Vargas

Charles Edward Realty License #BR653496000 Listed on: 03/19/2024

Co-Listed By

Elijah Vargas

Mondo Duke Realty License #BR693456000

Last Buyer's Agent

Nick Rice

Top Rock Realty License #SA675093000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $866

Year Built

  • Built in 1946

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 6 Car Attached Garage
  • 5 Open Parking Spaces
  • Carport
  • On-Street Parking

Schools

  • Excelencia Elementary And Middle School
  • Camelback High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heat Pump System
  • Individual Controls for Heating
  • Window Unit Heating System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 19
  • Assessor Parcel Number 121-78-122

Community Details

Overview

  • 3 Buildings
  • 5 Units
  • Building Dimensions are 7025 sq ft
  • North Elsinore Block 13 14 Subdivision

Building Details

  • Operating Expense $8,350
  • Gross Income $81,538
  • Net Operating Income $78,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$866

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Cross Street: N 24TH STREET/ E MCDOWELL RD
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: Multi Family
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1946
  • Tax Year: 2023
  • Directions: Loop 202/ North 24th Street/ Right on E Willetta Street/ Property on Right
  • Road Surface Type: Gravel
  • Co List Office Mls Id: ched001
  • Co List Office Phone: 602-327-1442
  • Subdivision Name: NORTH ELSINORE BLOCK 13-14
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Attached, 1 Space/Unit, On Street, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 1.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit, Electric, Individual
  • Heating: Individual, Heat Pump, Window/Wall Unit(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Water Sewer Expense: 3123.0

Schools

  • Elementary School: Excelencia School
  • High School: Camelback High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Excelencia School

Lot Info

  • Lot Size: 7025 sq ft
  • Additional Parcels: No
  • Parcel #: 121-78-122

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 5
  • Electric Expense: 136.0
  • Annual Gross Income: 81537.55
  • Maintenance Expense: 1975.0
  • Property Net Operating Income: 78343.0
  • Annual Operating Expense: 8350.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 866.0
  • Tax Book Number: 121.00
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
Jul 31, 2024
Sold by
Lovet Investments Llc
Bought by
Thompson Jalen
Seller's Agent
Lauren Vargas
Charles Edward Realty
Buyer's Agent
Nick Rice
Top Rock Realty
List Price
$1,195,000
Sold Price
$950,000
Premium/Discount to List
-$245,000
-20.5%
Views
27
Current Estimated Value
$673,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$276,906
Avg. Annual Appreciation
-25.70%

Purchase Details

Closed on
Nov 9, 2022
Sold by
Lost Indian Land Co Llc
Bought by
Lovet 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
$455,000
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2017
Sold by
Morningside Funding Llc
Bought by
Lost Indian Land Co Llc

Purchase Details

Closed on
Jun 9, 2011
Sold by
Mikred Investments Llc
Bought by
Morningside Funding Llc

Purchase Details

Closed on
Mar 25, 2011
Sold by
Hidden Acres Llc
Bought by
Mikred Investments Llc

Purchase Details

Closed on
Aug 26, 2009
Sold by
Citibank Na
Bought by
Hiddenacres Llc

Purchase Details

Closed on
May 16, 2009
Sold by
Colmenero Alfonso and Washington Mutual Bank Fa
Bought by
Citibank Na

Purchase Details

Closed on
Dec 15, 2003
Sold by
Colmenero Andrea
Bought by
Colmenero Alfonso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 7, 2000
Sold by
Colmenero Jose Luis and Colmenero Irene
Bought by
Colmenero Julian and Colmenero Alfonso
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Thompson Jalen $950,000 American Title Service Agency
Lovet Investments Llc $505,000 Fidelity National Title
Lost Indian Land Co Llc $211,000 North American Title Company
Morningside Funding Llc $45,000 Lawyers Title Of Arizona Inc
Mikred Investments Llc -- Accommodation
Hiddenacres Llc $56,500 Chicago Title
Citibank Na $175,500 Security Title Agency
Colmenero Alfonso -- Century Title Agency Inc
Colmenero Alfonso -- Century Title Agency Inc
Colmenero Julian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lovet Investments Llc $455,000
Closed Hiddenacres Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $950,000 -9.5% --
07/24/2024 07/24/24 Price Changed $1,050,000 0.0% --
06/28/2024 06/28/24 Pending -- -- --
06/04/2024 06/04/24 Price Changed $1,050,000 0.0% --
04/10/2024 04/10/24 Price Changed $1,049,888 0.0% --
04/05/2024 04/05/24 Price Changed $1,049,900 -12.1% --
03/20/2024 03/20/24 For Sale $1,195,000 -- --
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 $876 $6,739 -- --
2024 $866 $6,418 -- --
2023 $866 $31,930 $4,560 $27,370
2022 $832 $23,390 $3,340 $20,050
2021 $852 $19,360 $2,760 $16,600
2020 $832 $16,030 $2,290 $13,740
2019 $826 $12,880 $1,840 $11,040
2018 $809 $10,430 $1,490 $8,940
2017 $777 $10,370 $1,480 $8,890
2016 $747 $8,210 $1,170 $7,040
2015 $695 $6,540 $930 $5,610
Source: Public Records

Agents Affiliated with this Home

  • Lauren Vargas

    Seller's Agent in 2024

    Lauren Vargas

    Charles Edward Realty

    (650) 222-0650

    2 in this area

    74 Total Sales

    Lauren Vargas
    Section Image

  • E

    Seller Co-Listing Agent in 2024

    Elijah Vargas

    Mondo Duke Realty

    (602) 327-1442

    1 in this area

    29 Total Sales

    Elijah Vargas
    Section Image
  • Nick Rice

    Buyer's Agent in 2024

    Nick Rice

    Top Rock Realty

    (480) 269-2072

    2 in this area

    44 Total Sales

    Nick Rice
    Section Image

  • N

    Buyer's Agent in 2024

    Nicholas Rice

    Keller Williams Realty Phoenix

  • Brett Tanner

    Buyer Co-Listing Agent in 2024

    Brett Tanner

    Keller Williams Realty Phoenix

    (623) 688-1710

    2 in this area

    582 Total Sales

    Brett Tanner
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6679503

Arizona Regional Multiple Listing Service (ARMLS)

APN: 121-78-122

Arizona Maricopa County Phoenix 85008 Central City

2537 E Willetta St Unit 1-5, Phoenix, AZ

This home is located at 2537 E Willetta St Unit 1-5, Phoenix, AZ 85008 since 19 March 2024 and is currently estimated at $673,094. This property was built in 1946. 2537 E Willetta St Unit 1-5 is a home located in Maricopa County with nearby schools including Excelencia School, Camelback High School, and Phoenix Coding Academy.

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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