NOT LISTED FOR SALE

Estimated Value: $253,523 - $584,000

-- Bed
3 Baths
576 Sq Ft
$802/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $115,000 $200 Per Sq Ft

Est. 302% increase in value since last sale

Current estimated payment $2,520/month

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of August 2014

Fully Occupied Triplex. This property is prime for the investor looking for a turnkey property with cash flow. This triplex has been recently updated with A/C's, tile floors, new tile shower surrounds, and new windows. Building has nice curb appeal with green landscaping and a cottage like feel from the outside. Building is located on a quiet street behind a church. Don't miss this opportunity.

Last Agent to Sell the Property

Jamie Canute

Orion Investment Real Estate License #SA580623000 Listed on: 07/30/2014

Co-Listed By

Zack Mishkin

Orion Investment Real Estate License #SA566430000

Last Buyer's Agent

Ken Tasopulos

Better Homes & Gardens Real Estate SJ Fowler License #SA524907000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $578

Year Built

  • Built in 1957

Lot Details

  • 8,059

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Ceramic Tile Flooring

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Creighton Elementary School
  • Camelback High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 53
  • Assessor Parcel Number 120-21-099-J

Community Details

Overview

  • 3 Units
  • Building Dimensions are IRR
  • Rhodes Park Subdivision

Building Details

  • Gross Income $15,390
  • Net Operating Income $9,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$578

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: 32ND STREET & MCDOWELL
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1539.0
  • Co List Office Mls Id: gerc01
  • Co List Office Phone: 602-688-9279
  • Subdivision Name: Rhodes Park
  • Tax Parcel Letter: J
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Other (See Remarks), F/S Oven/Range, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Other (See Remarks)56: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 2160.0

Schools

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

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 120-21-099-J

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 3
  • Annual Gross Income: 15390.0
  • Insurance Expense: 900.0
  • Property Net Operating Income: 9613.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 577.7
  • Tax Book Number: 120.00
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2014
Closed on
Aug 21, 2014
Sold by
Ownit Llc
Bought by
Johnson Mike
Seller's Agent
Jamie Canute
Orion Investment Real Estate
Buyer's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
List Price
$115,000
Sold Price
$115,000
Current Estimated Value
$462,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,174
Avg. Annual Appreciation
13.10%

Purchase Details

Listed on
Jul 30, 2014
Closed on
Aug 5, 2014
Sold by
Johnson Yoke Mooi
Bought by
Johnson Mike
Seller's Agent
Jamie Canute
Orion Investment Real Estate
Buyer's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
List Price
$115,000
Sold Price
$115,000

Purchase Details

Closed on
Dec 28, 2009
Sold by
Residential Funding Company Llc
Bought by
Ownit Llc

Purchase Details

Closed on
Apr 25, 2007
Sold by
Giles Fred L
Bought by
Giles Fred L

Purchase Details

Closed on
Aug 23, 2006
Sold by
Reinhold Dale and Reinhold Cheryl
Bought by
Giles Fred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2006
Sold by
Reinhold Dale and Reinhold Cheryl
Bought by
Reinhold Dale and Reinhold Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2006
Sold by
Paulson Property Co Llc
Bought by
Reinhold Dale and Reinhold Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2006
Sold by
Heisick Mary E
Bought by
Paulson Property Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2001
Sold by
Heisick Mary E
Bought by
Heisick Mary E and Heisick Family Trust

Purchase Details

Closed on
Jan 26, 1977
Sold by
Campbell Charles and Campbell Evelyn W
Bought by
Lyman Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Johnson Mike $115,000 Driggs Title Agency Inc
Johnson Mike -- Driggs Title Agency Inc
Ownit Llc $59,800 Fidelity Natl Title Ins Co
Giles Fred L -- Title Guaranty Agency
Giles Fred L $205,000 Fidelity National Title
Reinhold Dale -- None Available
Reinhold Dale -- None Available
Reinhold Dale -- None Available
Reinhold Dale $565,000 Arizona Title Agency Inc
Paulson Property Co Llc -- Arizona Title Agency Inc
Heisick Mary E -- --
Lyman Lynn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Giles Fred L $164,000
Previous Owner Reinhold Dale $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $115,000 0.0% $200 / Sq Ft
08/01/2014 08/01/14 Pending -- -- --
07/30/2014 07/30/14 For Sale $115,000 -- $200 / 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 $1,068 $7,906 -- --
2024 $1,016 $7,530 -- --
2023 $1,016 $30,100 $6,020 $24,080
2022 $976 $23,120 $4,620 $18,500
2021 $1,000 $22,800 $4,560 $18,240
2020 $976 $16,210 $3,240 $12,970
2019 $969 $13,080 $2,610 $10,470
2018 $949 $10,760 $2,150 $8,610
2017 $912 $10,420 $2,080 $8,340
2016 $877 $8,620 $1,720 $6,900
2015 $816 $5,950 $1,190 $4,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5151298

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-21-099J