NOT LISTED FOR SALE

2760 E Wier Ave Phoenix, AZ 85040

South Mountain Neighborhood

Estimated Value: $529,470 - $722,000

9 Beds
-- Bath
3,105 Sq Ft
$194/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $335,000 $108 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,225/month

96 Days on Market

Highlights

  • Evaporated cooling system
  • Vinyl Flooring
  • No Heating
  • Phoenix Coding Academy Rated A

About This Home

As of May 2020

Fantastic investment opportunity. Owner is moving out of state and cannot manage anymore. Triplex with 3-bedrooms and 2-bathrooms. Excellent condition and full rented. Completely renovated with fresh paint, gorgeous tile with accents, newer appliances and fixtures. The tenants love these units. Phenomenal turnkey investment property selling at 7 CAP.

Last Agent to Sell the Property

Michael Hatch

Realty ONE Group License #SA660779000 Listed on: 01/10/2020

Co-Listed By

Max Dewitt

Realty ONE Group License #SA652423000

Last Buyer's Agent

Oluwatoni Oluwafemi

eXp Realty License #SA681922000

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 1984

Lot Details

  • 7,187

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Vinyl Flooring

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Paved Parking

Schools

  • Roosevelt Elementary School
  • South Mountain High Middle School
  • South Mountain High School

Utilities

  • Evaporated cooling system
  • No Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 148
  • Assessor Parcel Number 122-57-115-B

Community Details

Overview

  • 3 Units
  • Building Dimensions are irr
  • Broadway Estates Lots 137 158 Subdivision

Building Details

  • Operating Expense $890
  • Gross Income $31,620
  • Net Operating Income $24,565

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$890

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: 32nd Street and Broadway
  • 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: Asphalt
  • Co List Office Mls Id: reog02
  • Co List Office Phone: 480-321-8100
  • Subdivision Name: BROADWAY ESTATES LOTS 137-158
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, 1 Space/Unit
  • Attached Garage: No
  • 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

Utilities

  • Electric: SRP
  • Cooling: Evaporative Cooling
  • Heating: None
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: Master Meter
  • Heating:None29: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Roosevelt Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: South Mountain High School

Lot Info

  • Lot Size: irr
  • Additional Parcels: No
  • Parcel #: 122-57-115-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 3
  • Annual Gross Income: 31620.0
  • Property Net Operating Income: 24564.6
  • Annual Operating Expense: 890.0

Tax Info

  • Tax Annual Amount: 890.0
  • Tax Book Number: 122.00
  • Tax Lot: 148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
May 1, 2020
Sold by
Intellect Equities Llc
Bought by
Aderoju Adeolu Olutosin and Aderoju Oluwatoni Omowumi
Seller's Agent
Michael Hatch
Realty ONE Group
Buyer's Agent
Oluwatoni Oluwafemi
eXp Realty
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$601,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,618
Avg. Annual Appreciation
10.98%
Original Mortgage
$328,932
Outstanding Balance
$291,479
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$310,139

Purchase Details

Closed on
Aug 7, 2013
Sold by
Healty Investments Llc
Bought by
Intellect Equities Llc

Purchase Details

Closed on
Mar 8, 2013
Sold by
Preferred Property Inc
Bought by
Healthy Investments Llc

Purchase Details

Closed on
Jul 14, 2011
Sold by
Heritage Equity Investments Llc
Bought by
Preferred Property Inc

Purchase Details

Closed on
Apr 14, 2011
Sold by
Heritage Equity Investments Llc
Bought by
Preferred Property Inc

Purchase Details

Closed on
Apr 21, 2010
Sold by
Preferred Property Inc
Bought by
Heritage Equity 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
$58,340
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2010
Sold by
Preferred Property Llc
Bought by
Heritage Equity 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
$58,340
Interest Rate
5.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2009
Sold by
Interiano Maria R and Interiano Lorenzo
Bought by
Preferred Property Llc

Purchase Details

Closed on
Jun 14, 2006
Sold by
Mehta Sunil and Mehta Nikita Badani
Bought by
Interiano Lorenzo and Interiano Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2005
Sold by
Cactus Jack Properties Llc
Bought by
Mehta Sunil and Mehta Nikita Badani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2005
Sold by
Cactus Jack Properties Llc
Bought by
Mehta Sunil and Mehta Nikita Badani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Farquer Byron Scott and Emge Guilford William
Bought by
Cactus Jack Properties Llc

Purchase Details

Closed on
Mar 16, 2004
Sold by
Bussell Farquer Dardalee
Bought by
Farquer Byron Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2003
Sold by
Lane William E and Lane Shawn
Bought by
Union Equity Llc

Purchase Details

Closed on
May 16, 2003
Sold by
Joksimovich Gordon
Bought by
Lane William E

Purchase Details

Closed on
Apr 24, 2003
Sold by
Ferzoco Perry J and Ferzoco Lori A
Bought by
Joksimovich Gordon

Purchase Details

Closed on
Aug 7, 2001
Sold by
Joksimovich Gordon
Bought by
Ferzoco Perry J and Ferzoco Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
12.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 1997
Sold by
Austin Funding Inc
Bought by
Joksimovich Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,320
Interest Rate
7.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 13, 1995
Sold by
Nationsbanc Mtg Corp
Bought by
Austin Funding Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 1995
Sold by
Burke Robert D and Schiller Louella D
Bought by
Nationsbanc Mtg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aderoju Adeolu Olutosin $335,000 Great American Title Agency
Intellect Equities Llc -- None Available
Healthy Investments Llc -- None Available
Preferred Property Inc -- None Available
Preferred Property Inc -- None Available
Heritage Equity Investments Llc -- None Available
Heritage Equity Investments Llc -- None Available
Preferred Property Llc $57,000 None Available
Interiano Lorenzo $238,000 Fidelity National Title
Mehta Sunil $190,000 North American Title Co
Mehta Sunil $190,000 North American Title Co
Cactus Jack Properties Llc -- --
Farquer Byron Scott -- --
Farquer Byron Scott $155,000 Equity Title Agency Inc
Union Equity Llc -- --
Lane William E $12,500 --
Joksimovich Gordon $11,912 --
Ferzoco Perry J $90,000 --
Joksimovich Gordon $57,200 Security Title Agency
Austin Funding Inc $18,000 Lawyers Title Of Arizona Inc
Nationsbanc Mtg Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aderoju Adeolu Olutosin $328,932
Previous Owner Heritage Equity Investments Llc $58,340
Previous Owner Interiano Lorenzo $190,400
Previous Owner Mehta Sunil $152,000
Previous Owner Mehta Sunil $152,000
Previous Owner Farquer Byron Scott $139,500
Previous Owner Ferzoco Perry J $81,000
Previous Owner Joksimovich Gordon $31,320
Previous Owner Austin Funding Inc $17,000
Closed Ferzoco Perry J $9,000
Closed Mehta Sunil $19,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2020 05/26/20 Sold $335,000 0.0% $108 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
03/30/2020 03/30/20 Price Changed $335,000 -2.9% $108 / Sq Ft
03/09/2020 03/09/20 Price Changed $345,000 -1.4% $111 / Sq Ft
03/04/2020 03/04/20 For Sale $350,000 0.0% $113 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $350,000 0.0% $113 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $350,000 -- $113 / 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 $984 $6,525 -- --
2024 $931 $6,214 -- --
2023 $931 $39,030 $7,800 $31,230
2022 $913 $27,370 $5,470 $21,900
2021 $931 $22,250 $4,450 $17,800
2020 $920 $18,100 $3,620 $14,480
2019 $890 $18,250 $3,650 $14,600
2018 $866 $13,470 $2,690 $10,780
2017 $825 $9,800 $1,960 $7,840
2016 $785 $8,320 $1,660 $6,660
2015 $739 $7,170 $1,430 $5,740
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Hatch

    Realty One Group

    (480) 788-8038

    27 Total Sales

    Michael Hatch
    Section Image
  • Max Dewitt

    Seller Co-Listing Agent in 2020

    Max Dewitt

    Realty One Group

    (602) 725-0604

    5 in this area

    208 Total Sales

    Max Dewitt
    Section Image

  • O

    Buyer's Agent in 2020

    Oluwatoni Aderoju

    Kenneth James Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6022290

Arizona Regional Multiple Listing Service (ARMLS)

APN: 122-57-115B

Arizona Maricopa County Phoenix 85040 South Mountain

2760 E Wier Ave, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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