NOT LISTED FOR SALE

Estimated Value: $533,225 - $720,000

Studio
-- Bath
3,540 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 25, 2019

Last sale price $317,000 $90 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,390/month

10 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System

About This Home

As of March 2019

TURNKEY Fully occupied 4 plex property with LONG Term Tenants with year leases in place + market rents can raised! The new buyer can just deposit rent checks from this easy to maintain property. Three units for rent for $695/mo and one unit is rented for $795/mo= $2880 Month INCOME
This is a great investment opportunity in excellent condition and location. Each unit is a 2 bedroom 2 bath with washer/dryer connections in each unit. Two of the four units have been recently upgraded with new kitchen cabinets and bathroom vanities. Owner pays for trash/water.
Must have an accepted contract in order to view the inside of the property during inspection period.

Last Agent to Sell the Property

Renessa Strong

Best Homes Real Estate License #BR672656000 Listed on: 02/26/2019

Best Homes Real Estate

Last Buyer's Agent

Shawn Abrams

Call Realty, Inc. License #SA555725000

Call Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,859

Year Built

  • Built in 1984

Lot Details

  • 10,149

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Foam Roof
  • Stucco

Flooring

  • Concrete
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 1
  • Assessor Parcel Number 214-40-200

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10151
  • Greenway Trails Lot 1 8 Subdivision

Building Details

  • Operating Expense $12,719
  • Gross Income $34,560
  • Net Operating Income $23,041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,859

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: GREENWAY & 32ND STREET
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2019
  • Road Surface Type: Gravel, Dirt, Asphalt, Concrete, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 2400.0
  • Subdivision Name: GREENWAY TRAILS LOT 1-8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Concrete
  • Appliances: BI Oven/Range, F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS
  • Cooling: Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 1150.0
  • Annual Water Sewer Expense: 3050.0

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: 10151
  • Additional Parcels: No
  • Parcel #: 214-40-200

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 2100.0
  • Annual Gross Income: 34560.0
  • Insurance Expense: 960.0
  • Property Net Operating Income: 23041.0
  • Annual Operating Expense: 12719.0

Tax Info

  • Tax Annual Amount: 1859.0
  • Tax Book Number: 214.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Chan Tommy and Chan Kailey
Bought by
Phx Re Llc
Current Estimated Value
$626,056

Purchase Details

Listed on
Feb 26, 2019
Closed on
Mar 12, 2019
Sold by
Zahara Joseph and Zahara Sheila
Bought by
Chan Tommy and Chan Kailey
Seller's Agent
Renessa Strong
Best Homes Real Estate
Buyer's Agent
Shawn Abrams
Call Realty, Inc.
List Price
$325,000
Sold Price
$317,000
Premium/Discount to List
-$8,000
-2.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.49%

Purchase Details

Closed on
Mar 7, 2018
Sold by
To John Duc M and To Jane Phan
Bought by
Zahara Joseph and Zahara Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Aug 30, 2007
Sold by
To John Duc Minh and To Jane Phan
Bought by
To John Duc M and To Jane Phan

Purchase Details

Closed on
Apr 12, 2005
Sold by
Sandhu Rajwinderpal Singh and Sandhu Meeta
Bought by
To Duc Minh and To Jane Phan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
5.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Sandhu Rajwinder Singh and Sandhu Meeta K
Bought by
Cibae Llc

Purchase Details

Closed on
Dec 4, 2003
Sold by
Isfan Ovidiu and Isfan Rodica
Bought by
Sandhu Rajwinder Singh and Sandhu Meeta K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2001
Sold by
Tschirley Jeffrey B and Hoskins Alexis J
Bought by
Isfan Ovidiu and Isfan Rodica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
6.98%
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
Phx Re Llc -- None Listed On Document
Chan Tommy $315,000 Great American Title Agency
Zahara Joseph $263,000 Precision Title Agency Inc
To John Duc M -- None Available
To Duc Minh $315,000 North American Title Co
Sandhu Rajwinderpal Singh -- North American Title Co
Cibae Llc -- --
Sandhu Rajwinder Singh $265,000 Security Title Agency
Isfan Ovidiu $168,000 Capital Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zahara Joseph $260,000
Previous Owner To Duc Minh $220,500
Previous Owner Sandhu Rajwinder Singh $212,000
Previous Owner Isfan Ovidiu $134,400
Closed Isfan Ovidiu $16,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2019 03/25/19 Sold $317,000 -2.5% $90 / Sq Ft
02/26/2019 02/26/19 For Sale $325,000 -- $92 / 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 $1,387 $13,567 -- --
2024 $1,322 $12,921 -- --
2023 $1,322 $44,410 $8,880 $35,530
2022 $1,309 $29,710 $5,940 $23,770
2021 $1,313 $27,960 $5,590 $22,370
2020 $1,272 $24,500 $4,900 $19,600
2019 $1,274 $19,910 $3,980 $15,930
2018 $1,232 $19,260 $3,850 $15,410
2017 $1,181 $16,370 $3,270 $13,100
2016 $1,161 $14,220 $2,840 $11,380
2015 $1,075 $11,550 $2,310 $9,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5890123

Arizona Regional Multiple Listing Service (ARMLS)

APN: 214-40-200