NOT LISTED FOR SALE
-- Bed
2 Baths
1,369 Sq Ft
0.27 Acres Lot

Sale Details

Date Sold: February 1, 2021

Last sale price $440,000 $321 Per Sq Ft

12 Days on Market

Highlights

  • Multiple cooling system units
  • Washington High School Rated 9+
  • Heat Pump System

About This Home

As of February 2021

This fourplex is priced to Sell! The owner is looking to sell this gem quick. This is a value add opportunity! Neighboring Comps are selling at 600 for 4 units, or recently sold 530 for 3 units. Potential is here or cash flow is great at starting, bring an offer! Currently no PM so if new owner did not use Property management property would be roughly 7.5 CAP at asking! See document tab for Offering Memorandum.

Last Agent to Sell the Property

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler Listed on: 01/08/2021

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler Listed on: 01/08/2021

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,620

Year Built

  • Built in 1955

Lot Details

  • 0.27

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 31
  • Assessor Parcel Number 157-30-032

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 0
  • Vista Income Estates Unit 5 Subdivision

Building Details

  • Operating Expense $13,506
  • Gross Income $45,030
  • Net Operating Income $31,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,620

Year Built

Built in 1955

Lot Details

0.27 Acres

Listing Details

  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1955
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3602.4
  • Subdivision Name: VISTA INCOME ESTATES UNIT 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Dishwasher: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: 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:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: 2 or More Units, Central A/C, Wall/Window Unit(s)
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 1420.79
  • Annual Water Sewer Expense: 3863.0

Lot Info

  • Lot Size: 0
  • Additional Parcels: No
  • Parcel #: 157-30-032

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 45030.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 31523.81
  • Annual Operating Expense: 13506.19
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1620.0
  • Tax Book Number: 157.00
  • Tax Lot: 31
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2021 02/01/21 Sold $440,000 -7.4% $321 / Sq Ft
01/06/2021 01/06/21 For Sale $475,000 +31.9% $347 / Sq Ft
02/21/2020 02/21/20 Sold $360,000 -4.0% $263 / Sq Ft View Prior Sale
02/08/2020 02/08/20 Price Changed $375,000 0.0% $274 / Sq Ft
01/26/2020 01/26/20 Pending -- -- --
01/20/2020 01/20/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $375,000 +4.2% $274 / Sq Ft
08/02/2019 08/02/19 Off Market $360,000 -- --
07/26/2019 07/26/19 Pending -- -- --
07/14/2019 07/14/19 For Sale $375,000 +167.9% $274 / Sq Ft
02/05/2016 02/05/16 Sold $140,000 -20.5% $102 / Sq Ft View Prior Sale
01/16/2016 01/16/16 Pending -- -- --
04/11/2015 04/11/15 For Sale $176,000 -- $129 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,795 $14,124 -- --
2024 $1,696 $13,451 -- --
2023 $1,696 $27,120 $3,970 $23,150
2022 $1,641 $24,860 $3,970 $20,890
2021 $1,662 $19,870 $3,970 $15,900
2020 $1,620 $18,050 $3,610 $14,440
2019 $1,402 $15,920 $3,180 $12,740
2018 $1,363 $13,750 $2,750 $11,000
2017 $702 $8,400 $1,680 $6,720
2016 $782 $7,680 $1,530 $6,150
2015 $724 $8,630 $1,720 $6,910
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6178364

Arizona Regional Multiple Listing Service (ARMLS)

APN: 157-30-032

Your Personal Tour Guide

Ask me questions while you tour the home.