$1,040,000
SOLD JAN 30, 2025
-- Bed
-- Bath
1,440 Sq Ft
9,409 Sq Ft Lot

Recently Sold

$722 Per Sq Ft

5% Below List Price

110 Days on Market

Highlights

  • Cooling Available
  • Vinyl Flooring
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A

About This Home

As of January 2025

Amazing opportunity to own a fourplex in the heart of Arcadia-Lite. Property features (1) 1 bed / 1 bath, (2) 2 bed / 1 bath & (1) 2 bed / 2 bath. (2) duplexes on one lot. Each unit is fully renovated with luxury finishes including granite/marble counters, oversized tiling and more. Each unit features a large backyard for privacy as well as 2 parking spots per unit. Laundry room on site with keyless door lock entry. This property is individually metered for electricity. Private outdoor space/courtyard including shed for storage.

Last Agent to Sell the Property

Andrew Arambula

ABI Multifamily License #SA688881000 Listed on: 08/28/2024

Co-Listed By

Dallin Hammond

ABI Multifamily License #SA677560000

Last Buyer's Agent

David Friedberg

E & G Real Estate Services License #SA660958000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,077

Year Built

  • Built in 1981

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Flooring

  • Vinyl Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 188
  • Assessor Parcel Number 127-30-016-D

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 93.83x100.38x93.94x100.38

Building Details

  • Operating Expense $2,077
  • Gross Income $72,349
  • Net Operating Income $58,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,077

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2023
  • Road Surface Type: Gravel
  • Co List Office Mls Id: abim01
  • Co List Office Phone: 602-714-1400
  • Tax Parcel Letter: D
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Individual
  • Heating: Individual
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 93.83x100.38x93.94x100.38
  • Additional Parcels: No
  • Parcel #: 127-30-016-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 72349.2
  • Property Net Operating Income: 58284.0
  • Annual Operating Expense: 2077.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 2077.0
  • Tax Book Number: 127.00
  • Tax Lot: 188

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2024
Closed on
Jan 22, 2025
Sold by
3034 On Thirty Fifth Llc
Bought by
Dh23 Investments Llc and Aaram Investments Llc
Seller's Agent
Andrew Arambula
ABI Multifamily
Buyer's Agent
David Friedberg
E & G Real Estate Services
List Price
$1,095,000
Sold Price
$1,040,000
Premium/Discount to List
-$55,000
-5.02%
Total Days on Market
110
Views
14
Current Estimated Value
$1,047,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,209
Avg. Annual Appreciation
1.88%

Purchase Details

Closed on
Apr 30, 2024
Sold by
Arambula Andrew and Hammond Dallin
Bought by
3034 On Thirty Fifth Llc

Purchase Details

Listed on
Jul 14, 2023
Closed on
Feb 15, 2024
Sold by
Rodriguez William
Bought by
Duhancik Teresa Ann
Seller's Agent
Archie Dean
Keller Williams Arizona Realty
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$1,075,000
Sold Price
$865,000
Premium/Discount to List
-$210,000
-19.53%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.52%
Original Mortgage
$750,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2023
Closed on
Feb 13, 2024
Sold by
Teebken Terence Alan
Bought by
Teebken Terence Alan and Goodwin Florinda Maria
Seller's Agent
Archie Dean
Keller Williams Arizona Realty
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$1,075,000
Sold Price
$865,000
Premium/Discount to List
-$210,000
-19.53%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2023
Closed on
Jan 19, 2024
Sold by
Chuchin Llc
Bought by
Arambula Andrew and Hammond Dallin
Seller's Agent
Archie Dean
Keller Williams Arizona Realty
Buyer's Agent
Andrew Arambula
ABI Multifamily
List Price
$1,075,000
Sold Price
$865,000
Premium/Discount to List
-$210,000
-19.53%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2016
Sold by
Robledo Jesus
Bought by
Chuchin Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,800
Interest Rate
3.81%
Mortgage Type
VA

Purchase Details

Listed on
Aug 8, 2014
Closed on
Sep 29, 2014
Sold by
Megatron Holdings Llc
Bought by
Robledo Jesus
Seller's Agent
Joe Best
Gentry Real Estate
Buyer's Agent
Lauren Nash
HomeSmart
List Price
$379,000
Sold Price
$359,000
Premium/Discount to List
-$20,000
-5.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.57%
Original Mortgage
$366,718
Interest Rate
4.2%
Mortgage Type
VA

Purchase Details

Closed on
Sep 26, 2013
Sold by
Lee Wayne R
Bought by
Megantron Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,800
Interest Rate
4.57%
Mortgage Type
Unknown

Purchase Details

Closed on
May 20, 2009
Sold by
Zazueta Hector Elio
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jul 9, 2007
Sold by
Zazueta Hector Elio and Perez Rosario
Bought by
Dittsworth Jason and Dittsworth Anna

Purchase Details

Closed on
Aug 25, 2006
Sold by
Zazueta Hector Elio
Bought by
Zazueta Hector Elio and Perez Rosario

Purchase Details

Closed on
Sep 20, 2002
Sold by
Inman Rick and Inman Tammie
Bought by
Lee Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.37%

Purchase Details

Closed on
Mar 29, 2001
Sold by
Esparaza Garcia Felix
Bought by
Inman Rick and Inman Tammie

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
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1998
Sold by
Sotelo Maria Guadalupe
Bought by
Esparaza Garcia Felix

Purchase Details

Closed on
Jun 27, 1996
Sold by
Perez Maria Delrosario
Bought by
Zazueta Hector Elio

Purchase Details

Closed on
Aug 30, 1995
Sold by
Hud
Bought by
Sotelo Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,100
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 1995
Sold by
Green Donna Jean
Bought by
Green Charles J and Green Charles Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,100
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 1994
Sold by
National Mtg Company
Bought by
Hud

Purchase Details

Closed on
Aug 31, 1994
Sold by
Mellon Financial Services Corp and Hall George Ann
Bought by
National Mtg Company
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Special Warranty Deed -- Commonwealth Land Title
Special Warranty Deed -- --
Quit Claim Deed -- Fidelity National Title
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Deed -- None Listed On Document
Warranty Deed $865,000 Desert Title Agency
Warranty Deed -- None Available
Warranty Deed $359,000 Clear Title Agency
Trustee Deed $191,000 None Available
Trustee Deed $127,500 Great American Title Agency
Trustee Deed $127,500 Great American Title Agency
Warranty Deed -- Title Guaranty Agency Of Az
Interfamily Deed Transfer -- Guaranty Title Agency
Warranty Deed $225,000 Grand Canyon Title Agency In
Warranty Deed $190,000 Arizona Title Agency Inc
Quit Claim Deed -- --
Interfamily Deed Transfer -- First American Title
Warranty Deed -- Security Title Agency
Interfamily Deed Transfer -- Old Republic Title Agency
Warranty Deed -- First Southwestern Title
Trustee Deed -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $361,800 VA
Previous Owner $366,718 VA
Previous Owner $152,800 Unknown
Previous Owner $30,000 Unknown
Previous Owner $230,000 Unknown
Previous Owner $65,000 Unknown
Previous Owner $65,000 Unknown
Previous Owner $30,000 Unknown
Previous Owner $180,000 No Value Available
Previous Owner $152,000 New Conventional
Previous Owner $109,100 FHA
Closed $38,000 No Value Available
Closed $45,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 Sold $1,040,000 -5.0% $722 / Sq Ft
12/16/2024 12/16/24 For Sale $1,095,000 +5.3% $760 / Sq Ft
12/16/2024 12/16/24 Off Market $1,040,000 -- --
11/11/2024 11/11/24 Price Changed $1,095,000 -0.9% $760 / Sq Ft
10/21/2024 10/21/24 Price Changed $1,105,000 -3.1% $767 / Sq Ft
09/27/2024 09/27/24 Price Changed $1,140,000 -3.4% $792 / Sq Ft
08/28/2024 08/28/24 For Sale $1,180,000 +36.4% $819 / Sq Ft
01/19/2024 01/19/24 Sold $865,000 -19.5% $601 / Sq Ft
12/08/2023 12/08/23 For Sale $1,075,000 0.0% $747 / Sq Ft
09/29/2023 09/29/23 Off Market $1,075,000 -- --
09/11/2023 09/11/23 Price Changed $1,075,000 -10.4% $747 / Sq Ft
07/14/2023 07/14/23 For Sale $1,200,000 +234.3% $833 / Sq Ft
10/24/2014 10/24/14 Sold $359,000 -5.3% $249 / Sq Ft
09/28/2014 09/28/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $379,000 -- $263 / 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 $2,101 $16,163 -- --
2024 $2,077 $15,393 -- --
2023 $2,077 $58,460 $11,690 $46,770
2022 $1,995 $42,400 $8,480 $33,920
2021 $2,044 $39,350 $7,870 $31,480
2020 $1,994 $34,060 $6,810 $27,250
2019 $1,980 $27,980 $5,590 $22,390
2018 $1,876 $24,930 $4,980 $19,950
2017 $1,802 $21,050 $4,210 $16,840
2016 $1,731 $17,450 $3,490 $13,960
2015 $1,611 $15,220 $3,040 $12,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6750167

Arizona Regional Multiple Listing Service (ARMLS)

APN: 127-30-016D